
Do not mistake me for either a Bitcoin (BTCUSD) bro or a Bitcoin detractor. To me, crypto has always just been another asset type. If Bitcoin exhibits low correlation to other investments I have, that helps me. Because it means I don’t have to play defense solely with traditional hedges, like inverse exchange-traded funds (ETFs), put options, and collars.
Even if an asset class or investing styles does not check that box, I can still make use of it as a trading tool. That has been the case with Bitcoin ETFs like iShares Bitcoin Trust ETF (IBIT), since it debuted in early 2024.