#BitwiseBitcoinEFT Searching a bit and thanks to an AI I found this:

The Bitwise Bitcoin ETF was proposed by the company Bitwise Asset Management. The idea of a Bitcoin ETF (exchange-traded fund) has existed since interest in cryptocurrencies began to grow. The first significant attempt was in 2013, but the U.S. Securities and Exchange Commission (SEC) has rejected multiple applications over the years due to concerns about market manipulation and the lack of regulation in cryptocurrencies.

But in 2020, Bitwise achieved approval for its ETF, although it was not a traditional Bitcoin ETF, but a fund that invests in stocks of companies related to Bitcoin and other cryptocurrencies.

The applications of the Bitwise Bitcoin ETF are many: it allows investors to gain exposure to the Bitcoin market without having to buy and store the cryptocurrency directly. Some applications include:

It also makes it easier for institutions to invest in Bitcoin without dealing with the complexities of custody.

It offers investors the possibility to diversify their portfolios with cryptocurrency-related assets.

It allows retail investors to access the cryptocurrency market through traditional brokerage accounts.

Among its advantages, it stands out that:

Being regulated, it provides an additional level of security for investors.

Investors do not need to worry about the direct management of cryptocurrencies.

ETFs are required to provide regular reports on their assets and performance.

But as with everything, there are disadvantages; there may be fees associated with the ETF that would not exist if Bitcoin were purchased directly.

Similarly, the performance of the ETF may not fully reflect the price of Bitcoin due to its structure and investments in other stocks.

Finally, changes in regulation may affect the operation of the ETF.