Cryptocurrency Q&A
What does EFT mean for Bitcoin?
What does EFT mean for Bitcoin?
Raffaele
Fri Dec 06 2024
|
5 answers
1069
I've heard the term EFT related to Bitcoin but I'm not sure what it means. Could someone explain what EFT signifies in the context of Bitcoin and how it affects the cryptocurrency?
5 answers
SumoHonorable
Sun Dec 08 2024
A Bitcoin futures exchange-traded fund (ETF) is a financial instrument that allows investors to gain exposure to the price movements of bitcoin futures contracts through publicly traded securities.
Was this helpful?
383
43
PulseWind
Sun Dec 08 2024
The ETF operates by having an investment company set up a subsidiary, which functions as a commodity pool. This subsidiary manages a portfolio of bitcoin futures contracts on behalf of the ETF's investors.
Was this helpful?
43
20
Raffaele
Sat Dec 07 2024
By investing in the ETF, individuals and institutions can gain indirect exposure to the price movements of Bitcoin futures without having to directly purchase and hold the underlying futures contracts.
Was this helpful?
351
63
Leonardo
Sat Dec 07 2024
The ETF provides a convenient and accessible way for investors to diversify their portfolios and hedge against potential risks associated with traditional asset classes.
Was this helpful?
203
32
ZenBalance
Sat Dec 07 2024
BTCC, a top cryptocurrency exchange, offers a range of services that cater to the needs of both retail and institutional investors. Its services include spot trading, futures trading, and a wallet service that allows users to securely store their digital assets.
Was this helpful?
89
74
