VanEck Bitcoin Strategy ETF

XBTF

Market cap $45.1M

Beam CEO, Andy Bromberg, says Bitcoin ETFs are great, but they're not true cryptocurrency, and we'll need to keep building in the industry to use the technology in ways that are productive. He speaks with Kailey Leinz and Katie Greifeld on "Bloomberg Crypto.

The new spot Bitcoin ETFs are designed for buy-and-hold investors, not for active crypto traders. At near-zero cost, investors can get access to the long-term price potential of Bitcoin.

Greater accessibility to the crypto actually might lead to it being less attractive, Ned Davis Research says.

Much of the chatter about the Securities and Exchange Commission's long-awaited approval of bitcoin exchange-traded funds has revolved around how the SEC's action will affect bitcoin's price. But that's the short-term story.

CNBC's Kate Rooney reports on news from Bitcoin.

The new spot Bitcoin ETFs are a low-cost, highly efficient way to capture the long-term price performance of Bitcoin. Investors who are not used to Bitcoin's high volatility might be tempted to react to short-term market swings.

Cryptos often have shown themselves to be correlated to other risk-sensitive assets, so it's not surprising that a surge in stocks has trickled down to tokens.

Proponents heralded the first Bitcoin exchange-traded funds as a sign that the largest cryptocurrency could soon be a portfolio mainstay. So far, investors don't seem to be buying the hype.

Bitcoin fell below $40,000 for the first time since early December this week, continuing a more than 15% drop since the Securities and Exchange Commission approved 11 hotly anticipated Bitcoin exchange-traded funds almost two weeks ago.

Options on newly minted spot bitcoin ETFs could help investors manage risk and open the door to more institutional traders, according to experts.