Dive into the differences between buying Bitcoin in a peer-to-peer transaction on an exchange and investing in Bitcoin ETFs.
Transactions for spot Bitcoin via exchange-traded funds (ETFs) were a distant dream in 2013 when the Winklevoss twins submitted the first application for an ETF tracking the cryptocurrency’s price.
Over 10 years later, in 2024, the United States Securities and Exchange Commission approved the first batch of spot Bitcoin (BTC) ETF applications from a mix of crypto native and traditional financial institutions. The approvals, however, led to questions about the differences between buying Bitcoin in a peer-to-peer transaction on an exchange and investing in Bitcoin ETFs.
What is the difference between owning Bitcoin ETFs and owning Bitcoin? Like Bitcoin, do ETFs offer profits? All of these questions and more are answered in Cointelegraph’s new video, Legends & Myths about Bitcoin ETFs Debunked, which breaks down the most common misconceptions about Bitcoin ETFs.
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Source: https://cointelegraph.com/news/fact-check-the-myths-surrounding-bitcoin-etfs