Why I would Invest In a Bitcoin ETF?
@koolgal:
🌟🌟🌟A new era has dawned with the approval of the first ever spot Bitcoin ETFs on Wednesday and trading begun in earnest on Thursday. There were 11 ETFs that opened for trading on Thursday and the trading volume was USD 4.7 billion, far exceeding the USD 4 billion that analysts had been expecting. What is a Spot Bitcoin ETF and why is it a game changer for the crypto markets? A Bitcoin ETF is an investment fund that tracks the performance of Bitcoin. It is a way for small investors like me to gain access to the value of Bitcoin without direct owning it. A Bitcoin ETF increases the credibility of Crypto as an asset class whereas in the past, Bitcoin maybe regarded as dicey and unreliable. It also means that I do not have to worry about storage of my Bitcoin