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Kiplinger
Kiplinger
Business
Brian Spinelli, CFP®, AIF®

How Spot Bitcoin ETFs Work: Are They Right for You?

A bitcoin against a colorful abstract background.

Bitcoin has had a phenomenal journey from a niche digital currency to a trillion-dollar asset class in a 15-year period.

The January 2024 approval of 11 spot bitcoin ETFs was a watershed moment, presenting investors with a gateway to being able to invest in bitcoin through their traditional investment accounts. We expect this will continue to boost broader investor adoption of bitcoin and attract investors who previously did not want to open a digital wallet or a digital asset custodial account. The approval of 11 products all at once can seem overwhelming, so the following guide can be used as a tool for investors who are interested in adding these types of investments to their portfolio.

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