Why the Bitcoin funds are not ‘solid long-term investment’

Simply being legal does not make a strategy sensible for most investors. PHOTO: REUTERS
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Exchange-traded funds (ETFs) come in many shapes and sizes. Some are plain vanilla, diversified index funds that let you invest in the entire stock and bond markets, and are excellent core holdings for the great majority of people.

Then there are the quirky, narrowly focused ETFs like the Inverse Cramer Tracker, which enables you to bet against the stock picks of CNBC television host Jim Cramer. The fund is legal, approved by the United States Securities and Exchange Commission (SEC) – and a money loser since its inception in 2023. Betting against Mr Cramer is just not a great investing strategy.

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