I have also gifted my niece and nephew some bitcoin. They are a bit older than yours so every month I send them a snapshot of the current value of their accounts. I will also give them full access to their accounts when they turn 18 to do whatever they want with it. I think giving bitcoin to kids is a really cool thing to do.
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I think they will be very happy with you when they turn 18. Just make sure you give them good instruction not to share their keys with the world :)