February 06, 2024

What Does the SEC Approval of Bitcoin ETFs Mean for Cryptocurrency?

Will we ever see bitcoin transition into a broadly accepted currency used on a day-to-day basis?


In this episode of Buckingham Perspectives, Head of Investment Research Jared Kizer shares our outlook on bitcoin given what we’ve seen so far in early 2024. Although the SEC has recently approved multiple bitcoin ETFs, our take remains consistent – it still has not matured into a true form of currency, and we believe that’s unlikely to happen anytime soon.

If you have any questions please feel free to drop us a note.

For informational and educational purposes only and should not be construed as specific investment, accounting, legal, or tax advice. Certain information is based on third party data and may become outdated or otherwise superseded without notice. Third party information is deemed to be reliable, but its accuracy and completeness cannot be guaranteed. The time frame chosen because of the dates of available data. The inception of the AIEQ ETF was 2017. Indices are not available for direct investment. Their performance does not reflect the expenses associated with the management of an actual portfolio nor do indices represent results of actual trading. Information from sources deemed reliable, but its accuracy cannot be guaranteed. Performance is historical and does not guarantee future results. All investments involve risk, including loss of principal. Neither the Securities and Exchange Commission (SEC) nor any other federal or state agency have approved, determined the accuracy, or confirmed the adequacy of this information.

About the Author

Jared Kizer

Head of Investment Research

Jared Kizer is the Head of Investment Research for Buckingham Wealth Partners. In 2008, Jared co-authored the book "The Only Guide to Alternative Investments You’ll Ever Need" with financial author Larry Swedroe. Jared has written several articles on such topics as retirement planning and investment policy. His work has been published in The Journal of Portfolio Management, Journal of Indexes and indexuniverse.com. Jared has made appearances on local and national television, including Bloomberg Television.

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