ETFs, Bitcoin Records, and the Fear of Missing Out on Crypto Gains

ETFs, Bitcoin Records, and the Fear of Missing Out on Crypto Gains

2021 has been a very promising year for crypto, and for Bitcoin in particular. Bitcoin rang in the New Year with a price of just over $28,000 per coin. In the short space of time between January and April, the price had doubled to just over $60,000. Although the price did take a bit of a tumble shortly after celebrating its April high, investors once again had something to celebrate when the price set records yet again with its $68,000 peak in November 2021. With an undoubtable air of excitement surrounding Bitcoin, many who either currently hold it, or are interested in its abilities, fear missing out on the rising financial gains of the asset. In addition to this, this fear is being exacerbated by a sequence of continued delays in the eventual introduction of exchange-traded funds (ETFs). An ETF is a regulated financial instrument whose price tracks the value of underlying assets. An ETF can track the price of any valuable asset, such as gold or oil, not just Bitcoin, and is a favourable tool amongst those who wish not to deal in the physical asset itself Following weeks and weeks of delays, VanEck ’s Bitcoin ETF (XBTF) started