MarketPR
Index-fund investors who deliberately avoided $BTC exposure are on the cusp of owning something wilder.
SpaceX — Elon Musk's aerospace venture — registers three times the volatility of bitcoin, and many advisors and money managers holding broad index funds are set to become its owners, whether they sought that risk profile or not.
The route in is passive; the risk is anything but. The Passive Trap The implicit promise of broad index investing is market exposure without active selection. That promise is now under pressure.
Advisors who steered clients away from crypto on volatility grounds face the prospect of explaining a holding that, by the measure of price swings, makes $BTC look tame.
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