A Bitcoin ETF is a type of exchange-traded fund that allows large institutional investors to easily gain exposure to Bitcoin in a fully regulated format.
There is now an ETF linked to Bitcoin futures. ProShares, one of the leading providers of ETFs, will launch this new fund on the New York Stock Exchange.
The benefit of investing in a Bitcoin ETF is that you’re not actually investing in Bitcoin itself. Instead, you’re using the ETF as an investment vehicle, removing the need to know the ins and outs of the technicalities that come with cryptocurrencies.