ETFs are traded on an exchange, like stocks, and track the performance of an underlying asset. They are popular because they allow investors to gain access to cryptocurrencies without having to purchase the underlying digital assets themselves. They are also cheaper to trade. The crypto market is hopeful that the approval of a spot bitcoin ETF will lead to a flood of mainstream money into the sector.
- SEC Likely to Approve Spot Bitcoin ETF in Next Few Months: JPMorgan
Written by Bankerage Published on October 20, 2023