Bitcoin has soared an eye-popping 22,000% over the past decade, so it’s clear that many early adopters probably have become millionaires — the world’s biggest crypto launched back in 2009. And this top cryptocurrency continues to head higher these days, with a 100% increase so far this year, suggesting there may be a lot more to gain if you continue to hold on to Bitcoin for the long term.
This means it isn’t too late to get in on this popular cryptocurrency. But some investors may not be comfortable enough with cryptocurrency markets to invest directly in an asset like Bitcoin. Well, the good news is you don’t have to be a crypto expert — or even buy Bitcoin itself — to benefit from the cryptocurrency’s performance. This is thanks to a newish class of assets, approved by regulators earlier this year: spot bitcoin exchange-traded-funds (ETFs).
The iShares Bitcoin Trust ETF (IBIT 4.83%) has been the most traded among rivals since its launch, showing its popularity among investors, and in recent days has attracted huge inflows. The asset holds Bitcoin and tracks the performance of this top cryptocurrency — and you only need about $50 to get in on it. Could this investment make you a millionaire? Let’s find out.
