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ETFs group arbitrary assets into something that can be traded like a stock. So the closest comparison would be something like a gold ETF, which lets you buy and
by ThrustVectoring 10y ago
ETFs group arbitrary assets into something that can be traded like a stock. So the closest comparison would be something like a gold ETF, which lets you buy and sell something like you would a stock with gold's approximate price. A Bitcoin ETF would let you buy and sell something like you would a stock with Bitcoin's approximate price.
It's basically a wrapper class that lets people interact with things as if they were stocks.