This Bitcoin ETF Is Up 75% in 12 Months. Here's Why It Can Still Be a Good Buy

Bitcoin (CRYPTO: BTC) has hit record highs this year, briefly reaching more than $120,000 as excitement around crypto reform has given investors plenty of reasons to be bullish on the top digital currency in the world. One of the ways to benefit from that surge has been through spot bitcoin exchange-traded funds (ETFs).As Bitcoin has risen by 75% in value over the past 12 months, the iShares Bitcoin Trust ETF (NASDAQ: IBIT) is up by a similar amount. For investors who don't want to buy bitcoins directly, investing in the ETF has been a fairly good way to track the performance of the digital currency and profit from its gains.But even despite these already significant returns, it may not necessarily be too late to invest in this scorching-hot fund.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool