Bitcoin took a big step forward last month, with the Securities and Exchange Commission in the US finally giving approval for exchange traded funds to begin trading on the sharemarket. BlackRock’s iShares Bitcoin Trust (IBIT) quickly emerged as one of the favourites, passing US$1 billion in investor inflows within just five days. This trend could well continue, and there could be a large pool of new money that’ll flow into these funds. For some looking to dip their toes into the world of crypto investing, ETFs could hold more appeal than previous options. Our advice would be to remember the usual investment guidelines and if you do choose to get involved, keep allocations small and don’t go overboard.

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