Bitcoin and Exchange-Traded Funds (ETFs) can seem complex, but they’re simpler than you might think!
Table of Contents
Bitcoin 101:
Bitcoin is a digital currency, also known as cryptocurrency. Unlike traditional currencies, it operates without a central authority, like a bank or government. It’s created through a process called ‘mining’ and can be used for online transactions or as an investment.
ETFs Explained:
An ETF is like a basket of stocks, bonds, or commodities. It’s traded on the stock market, just like a regular stock. A Bitcoin ETF, therefore, would be a fund that holds Bitcoin, allowing investors to buy shares in the ETF and indirectly invest in Bitcoin without buying the cryptocurrency directly.
