05-27-2024, 04:51 PM
A Bitcoin ETF (Exchange-Traded Fund) is a financial product that tracks the price of Bitcoin, allowing investors to gain exposure to Bitcoin without directly owning it. Investors buy shares of the ETF, which holds Bitcoin as its underlying asset. This provides a convenient and regulated way to invest in Bitcoin through traditional brokerage accounts. For example, the Purpose Bitcoin ETF in Canada and the Grayscale Bitcoin Trust in the U.S. are popular Bitcoin ETFs offering investors indirect exposure to Bitcoin's price movements