The stock market has held up quite well so far in 2024. Developments such as weight loss drugs and artificial intelligence (AI) have helped fuel the S&P 500 and Nasdaq Composite to new highs.
But in the background, alternative investments such as crypto have demonstrated some strength as well. In particular, Bitcoin is up 41% so far in 2024.
I understand if you don’t have the appetite to invest directly in crypto, though. While it is relatively new, one workaround could be to buy shares in a spot exchange-traded fund (ETF).
The VanEck Bitcoin Trust ETF (NYSEMKT: HODL) has returned 27% so far this year, handily outperforming the S&P 500 and Nasdaq.
Let’s dig into how spot Bitcoin ETFs work and explore why the VanEck Bitcoin Trust could be a good choice for investors looking for some crypto exposure.
What are spot Bitcoin ETFs?
Owning an ETF is a form of passive investing. Let’s say there is a growth area such as AI that you want to invest…
