What is a Bitcoin Spot ETF?

#ETF stands for Exchange Traded Fund, which is a type of investment fund similar to stocks and can be traded on a stock exchange.

ETFs use a form of physical collateral to securitise specific assets.

Investors only need to purchase shares of the fund issued by the institution, which allows them to indirectly hold the corresponding product of the investments it represents.

When users purchase a #Bitcoin spot ETF, they are essentially purchasing Bitcoin, but they are not actually holding Bitcoin directly.