“The SEC just approved spot bitcoin ETFs. Here’s what investors should know.”
January 19, 2024
“…ETFs are pooled investments, like a mutual fund, but that trade on stock exchanges like a stock or bond and that track a specific index, sector or asset class.
A spot bitcoin ETF allows investors to gain direct exposure to bitcoin without holding it. Unlike regular bitcoin ETFs, in which bitcoin futures contracts are the underlying asset, bitcoins are the underlying asset of a spot bitcoin ETF… Investors are betting that the emergence of spot bitcoin ETFs will pump billions of dollars into the digital currency by making it easier and less intimidating to invest…”
https://finance.yahoo.com/news/sec-just-approved-spot-bitcoin-211311426.html