The widely popular QQQ ETF is going to have Bitcoin baked into it

Investing
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MicroStrategy, symbol MSTR, which is a leveraged Bitcoin play, has been accepted into the NASDAQ 100 index, and therefore will automatically appear in the ETFs and Mutual Funds which follow that index, like QQQ, QQQM, TQQQ, QLD.

So if you’ve been told that index funds are “safe”, know that it always depends on what’s in the index, and in this case, the NASDAQ organization is taking a very weird turn. Maybe it should be renamed “NASCAR 100”. Personally, I’d use Schwab’s SCHG US Large Cap Growth ETF instead of QQQ. It’s more sedate, but at this time it’s not holding MSTR because it uses an index called “Dow Jones U.S. Large-Cap Growth Total Stock Market Index”… but not the same as the Dow 30 or the Dow Jones Industrial Average. Dow Jones makes lots of indices, not just the one famous one DJIA.

MicroStrategy shares jump as bitcoin proxy will join Nasdaq-100 index and ‘QQQ’ ETF

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I don’t think I would panic too much @ochotona as the initial weighting of MSTR is projected to be less than 0.5% of the index. I do also like SCHG as a growth oriented ETF…but if you wanted a little BTC exposure, you can now get that with the Qs.

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I own a little QQQ. My brother is a broker and I asked him about it. He has never said that any fund is “safe”, but he did warn that it can be very volatile. I have had it about a year and during that time I was up $5,000, then it dropped so I was only up by $2,000 now it’s up by almost $8,000. It is a small part of my portfolio…small enough that if it went to zero it wouldn’t put a burden on my retirement. But it’s best to not look at it all the time because if big moves downward give you ulcers, it’s not for you.