#加密ETF申请热潮涌现 1. What is a Bitcoin ETF? A Bitcoin ETF is an investment fund that allows investors to invest in Bitcoin indirectly without actually owning the cryptocurrency itself. It operates in a similar way to a gold ETF. Investors can participate in Bitcoin price fluctuations by purchasing ETF shares without having to worry about the complexity of owning and storing cryptocurrencies. Therefore, Bitcoin ETFs are traded on stock exchanges, providing investors with a convenient way to access the cryptocurrency market. The purpose is to reflect the price of Bitcoin itself, rather than holding mixed assets. When investors buy shares of a Bitcoin ETF, they are actually investing in a fund whose goal is to track changes in the Bitcoin market price.
2. What is a Bitcoin spot ETF?
Bitcoin ETFs include futures ETFs and spot ETFs. Bitcoin futures ETFs are based on Bitcoin futures contracts rather than directly holding Bitcoin. Bitcoin spot ETFs are exchange-traded funds with Bitcoin spot as the underlying asset. This means that it directly holds Bitcoin and tracks its market price, providing investors with a compliant and convenient way to access the Bitcoin market without directly purchasing or managing Bitcoin itself. Therefore, investors in spot ETFs have their gains or losses directly reflected in Bitcoin price changes.