HOW DO CRYPTOCURRENCY EXCHANGE TRADED FUNDS WORK (ETFs).
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Before cryptocurrencies, ETFs traded in stock markets by tracking the price of an asset and give it support.
Today ETFs are also supporting the trade of cryptocurrencies. ETFs invest in a crypto portfolio linked to their insruments.
ETFs are good for you as an investor because you can get exposure to cryptocurrencies through ETF brokerage without yourself buying and holding or storing the crypto asset. All the work is left to the ETF, thereby, reducing your risks of loses.
Like for the USA market, the Securities and Exchange Commission - SEC, approved 11 spot cryptocurrency ETFs in January 2024.
ETFs makes it possible for you to get crypto assets without yourself directly being involved like we do on exchanges.
Research more about ETFs and how you can get involved as well
