What is a bitcoin exchange-traded fund (ETF)?

REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights Jan 10 (Reuters) - The U.S. Securities and Exchange Commission (SEC) on Wednesday approved the first U.S. exchange-traded fund (ETF) that tracks the price of bitcoin, in a major victory for the digital asset industry which has been trying for a decade to launch such a product

How much money did bitcoin exchange-traded funds trade?

Jan 11 (Reuters) - U.S.-listed bitcoin exchange-traded funds (ETFs) saw $4.6 billion worth of shares trade hands as of Thursday afternoon, according to LSEG data, as investors jumped into the landmark products approved by the U.S. securities regulator on Wednesday.

What is a bitcoin futures ETF?

The first bitcoin futures ETF was approved in October 2021, helping send the volatile bitcoin to an all-time high of $69,000 in November 2021. Spot ETFs directly track the price of the cryptocurrency, while futures-based ETFs follow the price of bitcoin futures contracts.