Long-term investors know the key to success is time in the market. But as the recent performance of the new bitcoin exchange-traded funds shows, over the short term, timing the market has an impact, too.
If you bought into one of the new bitcoin ETFs within the first few weeks of their January 10 approval by the Securities and Exchange Commission, congratulations! In the six months that ended July 31, the median return for the first 10 funds that invest directly in bitcoin was 53.5%.
