Morningstar's Guide to Digital Asset Funds
How Has SEC Approval of Spot Bitcoin ETFs Reshaped the Digital Asset Fund Market in the US?
The January 2024 approval of spot bitcoin ETFs marked a turning point for cryptocurrencies. For the first time, major asset managers—including BlackRock and Fidelity—could offer regulated, exchange-traded access to bitcoin directly. The response from investors was immediate: spot bitcoin ETFs reached $48 billion after only one month of trading.
Morningstar's Guide to Digital Asset Funds maps the full scope of a category that has grown from 43 funds to 158 in just two years, with total assets recently reaching $126 billion. The report examines how these volatile funds differ by structure, cost, underlying asset, and operational quality—differences that matter far more here than in most traditional asset categories.
Download the full report to learn about the unique features of digital asset funds—and how to identify which ones carry hidden risks.
