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For those looking at this article with their head tilted like a confused dog (i. e. me): "An exchange-traded fund (ETF) is an investment fund traded on stock e
by matt4077 10y ago
For those looking at this article with their head tilted like a confused dog (i. e. me):
"An exchange-traded fund (ETF) is an investment fund traded on stock exchanges, much like stocks."
So this would a fund that buys bitcoin with the money it gets by issuing shares, with its price essentially following the bitcoin exchange rate. You could invest in bitcoin and leave all the technical and security aspects to the fund's management. It may also allow investing in bitcoin in situations where it wasn't previously possible for (for example) regulatory reasons. I'm unfamiliar with the specifics, but these 401k's come to mind (feel free to correct me if I'm wrong).
Please don't invest all of your pension savings in bitcoin.
Thx,
<someone who would consider it unethical to leave you to starve even if it's the fault of your moronic decisions earlier in life>