ETFs based on Bitcoin (BTC-USD) have recently gained popularity.
And, while their performance has not met the expectations of crypto fans, there is still room for growth.
I predict an increase in investments into these funds as wealth managers and financial advisors deploy even small amounts of client capital to the best Bitcoin ETFs for diversification.
The halving event has passed, and Bitcoin's price has recovered sharply.
It temporarily fell below $60,000 but has subsequently recovered to $67,000 at the time of writing.
This rally demonstrates Bitcoin's resilience and capacity to recover from market volatility.
This increasing momentum is likely to comfort investors, driving up interest in Bitcoin and associated investment instruments such as ETFs.
BTF has assets worth $50.84 million and an expense ratio of 1.24%.