#BitwiseBitcoinETF A Bitcoin ETF is an exchange-traded fund that tracks the price of Bitcoin, providing indirect exposure to the cryptocurrency. There are two main types:
1. Bitcoin futures ETFs - track Bitcoin futures contracts (e.g. ProShares BITO).
2. Spot ETFs - track the price of Bitcoin directly (available in Canada, but not yet approved in the US).
Advantages:
• Easy to trade.
• Increased regulation.
• No need to manage cryptocurrencies.
Disadvantages:
• Higher costs.
• No direct ownership of Bitcoin.
It is a convenient option for exposure to Bitcoin, especially for traditional investors.