ETF, or Exchange Traded Fund, is a type of investment fund that trades on stock exchanges, similar to a stock.
ETFs securitize specific assets through physical backing, allowing investors to gain exposure to the underlying assets simply by purchasing shares issued by the fund provider.
A Bitcoin ETF refers to an exchange-traded fund that holds Bitcoin as its underlying asset. When users buy a Bitcoin spot ETF, they are essentially investing in Bitcoin, but they do not actually hold the cryptocurrency themselves. As of now, there is no true Bitcoin spot ETF available.
