How Does a Bitcoin Spot ETF Work?

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Bitcoin ETF is an investment platform that allows investors to gain exposure to Bitcoin without having to own Bitcoin. Currently Bitcoin ETF can be traded on Nasdaq, Chicago Board Options Exchange (CBOE), New York Stock Exchange (NYSE) etc. The main problem with Bitcoin ETFs is that Bitcoin prices are inaccurate or have high fluctuations based on speculative futures contract trading. That is why the SEC initially rejected the Bitcoin ETF, although it was finally approved on Jan 10, 2023.
 
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