How does Bitcoin ETF (BTCC) work?

1 answers

• Dec 25, 2021 · 3 years ago
  Bitcoin ETF (BTCC) is a product offered by BYDFi that allows investors to trade Bitcoin on a regulated exchange. It works by tracking the price of Bitcoin and allowing investors to buy and sell shares of the ETF based on that price. The ETF holds Bitcoin as its underlying asset, so the value of the shares is directly tied to the price of Bitcoin. The purpose of Bitcoin ETFs is to provide a convenient and secure way for investors to trade Bitcoin, without the need to directly own and store Bitcoin themselves. This makes it easier for investors to participate in the Bitcoin market, especially for those who are not familiar with the technical aspects of Bitcoin storage and security.
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