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Bitcoin Exchange-Traded Funds (Bitcoin ETFs): What You Need To Know; What Are Bitcoin Exchange-Traded Funds?
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ndtv.comBitcoin ETF does not allow investors to hold and trade assets like Bitcoins on bigger trading platforms.
The first Bitcoin futures exchange-traded fund (ETF) was launched at the New York Stock Exchange in October this year. While Bitcoin ETF is backed by real Bitcoin, Bitcoin futures ETFs are backed by futures contracts. ETFs are regulated financial products that represent a wide range of assets. Given the growing popularity of ETFs and Bitcoins, it was only a matter of time when the two spheres would meet. A Bitcoin ETF allows people to gain investment exposure to the cryptocurrency's prices without directly participating in the Bitcoin market. At the time of writing, Bitcoin was trading at Rs. 54.35 lakhs.
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