#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.