Bitcoin is the largest cryptocurrency: a form of currency that only exists digitally. It is decentralized, meaning it’s not owned or operated by any nation or government. It can be used to diversify your investment portfolio and in limited cases to buy goods or services.
Acorns’ offering of a Bitcoin-linked ETF allows investors an opportunity to gain exposure to Bitcoin returns in a convenient and transparent way. The fund seeks to provide capital appreciation primarily through managed exposure to bitcoin futures contracts. By adding crypto exposure to your portfolio, you increase the portfolio’s overall diversity. This diversity in your portfolio can help you weather market bumps long-term.