Two Months To The 2nd Final Spot Bitcoin ETF Deadline: What’s Next?
The post Two Months To The 2nd Final Spot Bitcoin ETF Deadline: What’s Next? appeared on BitcoinEthereumNews.com. Invest in Bitcoin through Spot Bitcoin ETFs, which provide indirect exposure to Bitcoin without owning it. Learn about the advantages, history, major financial institutions filing for Spot Bitcoin ETFs, and how they work. Find out the potential impact of approving a Bitcoin ETF on the market. Bitcoin ETF Overview History of Bitcoin ETF Bitcoin ETFs have seen significant progress since the Winklevoss Bitcoin Trust submitted the first proposal in 2013. Despite facing rejections, the first Bitcoin ETF was listed on the Bermuda Stock Exchange in 2020. Canada launched its first Bitcoin ETF in 2021, followed by the approval of two more. The ProShares Bitcoin Strategy ETF became the first U.S.-listed Bitcoin ETF in 2021. Europe joined the market 2023 with Jacobi Asset Management launching Europe’s first Bitcoin ETF. Grayscale won an appeal against the SEC to convert their Bitcoin Trust into an ETF. More recently, Franklin Templeton filed for a Bitcoin ETF with the SEC in September 2023. Understanding Bitcoin ETFs Spot Bitcoin ETFs A Spot Bitcoin ETF, also known as a Bitcoin Physical ETF, is an investment fund that operates similarly to traditional ETFs. Its purpose is to provide investors with access to Bitcoin without owning it. 970×90.gif (970×90) Instead, the fund management company buys Bitcoin and issues shares in the ETF, representing ownership of the underlying Bitcoin. This allows investors to benefit indirectly from the value of Bitcoin while avoiding the risks associated with the crypto market. Difference from Bitcoin Futures ETFs Unlike Bitcoin Futures ETFs, which are linked to futures contracts traded on exchanges like the Chicago Mercantile Exchange (CME), Spot Bitcoin ETFs hold physical Bitcoin. This means that each share in the ETF represents a portion of actual Bitcoin, providing a direct exposure to the cryptocurrency. Spot Bitcoin ETFs closely track the price of Bitcoin. As…
The post Two Months To The 2nd Final Spot Bitcoin ETF Deadline: What’s Next? appeared on BitcoinEthereumNews.com.
Invest in Bitcoin through Spot Bitcoin ETFs, which provide indirect exposure to Bitcoin without owning it. Learn about the advantages, history, major financial institutions filing for Spot Bitcoin ETFs, and how they work. Find out the potential impact of approving a Bitcoin ETF on the market. Bitcoin ETF Overview History of Bitcoin ETF Bitcoin ETFs have seen significant progress since the Winklevoss Bitcoin Trust submitted the first proposal in 2013. Despite facing rejections, the first Bitcoin ETF was listed on the Bermuda Stock Exchange in 2020. Canada launched its first Bitcoin ETF in 2021, followed by the approval of two more. The ProShares Bitcoin Strategy ETF became the first U.S.-listed Bitcoin ETF in 2021. Europe joined the market 2023 with Jacobi Asset Management launching Europe’s first Bitcoin ETF. Grayscale won an appeal against the SEC to convert their Bitcoin Trust into an ETF. More recently, Franklin Templeton filed for a Bitcoin ETF with the SEC in September 2023. Understanding Bitcoin ETFs Spot Bitcoin ETFs A Spot Bitcoin ETF, also known as a Bitcoin Physical ETF, is an investment fund that operates similarly to traditional ETFs. Its purpose is to provide investors with access to Bitcoin without owning it. 970×90.gif (970×90) Instead, the fund management company buys Bitcoin and issues shares in the ETF, representing ownership of the underlying Bitcoin. This allows investors to benefit indirectly from the value of Bitcoin while avoiding the risks associated with the crypto market. Difference from Bitcoin Futures ETFs Unlike Bitcoin Futures ETFs, which are linked to futures contracts traded on exchanges like the Chicago Mercantile Exchange (CME), Spot Bitcoin ETFs hold physical Bitcoin. This means that each share in the ETF represents a portion of actual Bitcoin, providing a direct exposure to the cryptocurrency. Spot Bitcoin ETFs closely track the price of Bitcoin. As…
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