Federal regulators have approved Bitcoin Exchange-Traded Funds (ETFs), allowing investors to gain exposure to the crypto market without owning bitcoin directly. Major firms like Fidelity and BlackRock are offering these products. Analysts suggest potential gains but caution about volatility, fraud risks, and mismanagement issues in the crypto industry. A Bitcoin ETF could attract over $14 billion in the first year, potentially leading to a 74% price increase. Deutsche Bank forecasts price rises due to increased institutional investment in Bitcoin ETFs. However, concerns about market maturity and stability persist. The SEC approved ETFs but emphasized caution due to crypto-associated risks. Ultimately, investors considering Bitcoin ETFs should consider the role a potentially risky asset should play in their wider portfolio, analysts said.