ETF - What's that?
๐๐บ๐ฎ๐ด๐ถ๐ป๐ฒ ๐ฎ ๐๐ฎ๐๐ธ๐ฒ๐ : Think of a basket that you can fill with different things.
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๐๐ป๐๐ฒ๐๐๐บ๐ฒ๐ป๐ ๐๐ฎ๐๐ธ๐ฒ๐ : Now, instead of things, imagine you can put investments in this basket, like stocks, bonds, or even cryptocurrencies.
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๐ฆ๐ต๐ฎ๐ฟ๐ฒ๐ ๐ผ๐ณ ๐๐ต๐ฒ ๐๐ฎ๐๐ธ๐ฒ๐ : The basket is divided into many pieces, like a pizza. These pieces are called "shares."
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๐๐๐ ๐ฎ ๐ฆ๐น๐ถ๐ฐ๐ฒ (๐ฆ๐ต๐ฎ๐ฟ๐ฒ) : You can buy a slice of this investment basket, just like ordering a slice of pizza.
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๐๐ถ๐๐ฒ๐ฟ๐๐ฒ ๐๐ป๐๐ฒ๐๐๐บ๐ฒ๐ป๐ : When you own a slice of the basket, you own a bit of everything inside, like a small piece of all the investments in the basket.
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๐๐ฎ๐๐ ๐ง๐ฟ๐ฎ๐ฑ๐ถ๐ป๐ด : You can easily buy or sell these slices on the stock market, just like you do with regular stocks.
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got it?
๐๐๐ง๐๐ข๐๐ก ๐๐ง๐ :
A Bitcoin ETF is ๐น๐ถ๐ธ๐ฒ ๐ฎ ๐๐ฝ๐ฒ๐ฐ๐ถ๐ฎ๐น ๐ถ๐ป๐๐ฒ๐๐๐บ๐ฒ๐ป๐ ๐ฝ๐ถ๐๐๐ฎ slice that's all about Bitcoin
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๐บ๐ถ๐ฟ๐ฟ๐ผ๐ฟ ๐๐ต๐ฒ ๐ฝ๐ฟ๐ถ๐ฐ๐ฒ movements of Bitcoin
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๐๐ต๐ฎ๐ฟ๐ฒ๐ of a Bitcoin ETF = investing in Bitcoin's price without actually owning Bitcoin
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like ๐ฏ๐๐๐ถ๐ป๐ด ๐๐ต๐ฎ๐ฟ๐ฒ๐ ๐ผ๐ณ ๐ฎ ๐ฐ๐ผ๐บ๐ฝ๐ฎ๐ป๐ ๐ผ๐ป ๐๐ต๐ฒ ๐๐๐ผ๐ฐ๐ธ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ = like getting a slice of the Bitcoin pie without needing to bake
( ETF = exchange-traded fund )
