What is Bitcoin? How does blockchain work? Straightforward mine cryptocurrency? We are completely chuffed to enable you to respond these questions with our immediate guides in Defined share.
rn”,”seo_description”:”What is Bitcoin? How does blockchain work? Straightforward mine cryptocurrency? We are completely chuffed to enable you to respond these questions with our immediate guides in Defined share.”},”words_count”: 742,”description”:” Crypto enthusiasts and the authorities delight in long contended over the Bitcoin ETF. Let’s explore Bitcoin assign of residing vs futures ETFsrn “,”creator”:{“id”: 1332,”title”:”Max Moeller”,”url”:”max-moeller”,”twitter”:””,”google_plus”:””,”checklist”:””,”gender”:”male”,”description”:”Max is a cryptocurrency journalist with an affinity for video games and emerging technology. After leaving school to initiate a writing occupation, he wrote his first article on blockchain and fell down the rabbit gap. Max has been printed in numerous blockchain and crypto associated magazines, doing his very most sensible to educate all americans on this nascent technology.”,”facebook”:””,”email”:”maxwell.m@cointelegraph.com”,”linkedin”:””,”created_at”:”2021-07-28 20: 00: 24″,”updated_at”:”2021-11-23 17: 19: 00″,”deleted_at”:null,”avatar”:”https://cointelegraph.com/resources/img/icons/author_male.jpg”,”hash”:”aHR0cHM6Ly9jb2ludGVsZWdyYXBoLmNvbS9hdXRob3JzL21heC1tb2VsbGVy”,”relativeUrl”:”https://cointelegraph.com/authors/max-moeller”,”user_id”: 1332,”language_id”:1,”name”:”Max Moeller”,”desc”:”Max is a cryptocurrency journalist with an affinity for video games and emerging technology. After leaving school to initiate a writing occupation, he wrote his first article on blockchain and fell down the rabbit gap. Max has been printed in numerous blockchain and crypto associated magazines, doing his very most sensible to educate all americans on this nascent technology.”,”seo_title”:””,”seo_description”:””,”enabled”:1,”show_in_authors”:0,”show_in_experts”:0},”category_id”: 65,”audio”:”https://s3.cointelegraph.com/audio/84784.8f4e0efd-94ea-459d-b1bc-8f7ebbfaece9.mp3″,”tags”: [{“name”:”Bitcoin”,”uri”:”/tags/bitcoin”,”super”:1,”page_title”:”Bitcoin News”},{“name”:”ETF”,”uri”:”/tags/etf”,”super”:0,”page_title”:”ETF News”},{“name”:”Futures”,”uri”:”/tags/futures”,”super”:0,”page_title”:””}],”tag_title”:”Bitcoin”,”date”:”APR 16, 2022″,”badge”:{“title”:”Defined”,”label”:”default”},”qty”: 207,”stats_pixel”:”“,”stats_pixel_url”:”https://zoa.cointelegraph.com/pixel?postId=84784®ionId=1″,”shares”: 44,”infographic”:false,”backed”:false,”defined”:accurate,”press_release”:false,”show_referral”:false,”social_description”:” An ETF is one in every of the more aged financial investment automobiles which delight in but to completely combine themselves into the crypto ecosystem. Whereas we’ve viewed our pretty share of Bitcoin futures ETFs, we’ve but to sight a assign of residing Bitcoin ETF. What’s the adaptation? “,”social_translators”:{“clipboard_popup_label”:”Hyperlink copied”,”socialWechatFooterError”:”WeChat error”,”socialWechatFooterText”:”WeChat share”,”socialWechatHeaderText”:”WeChat share”},”social_shares”:{“post_id”: 84784,”post_url”:”https://cointelegraph.com/defined/bitcoin-assign of residing-vs-futures-etfs-key-differences-defined”,”post_titles”:{“routine”:”Bitcoin assign of residing vs. futures ETFs: Key differences defined”,”twitter”:”Bitcoin assign of residing vs. futures ETFs: Key differences defined”},”post_text”:{“routine”:”Bitcoin assign of residing vs. futures ETFs: Key differences defined”,”twitter”:”Bitcoin assign of residing vs. futures ETFs: Key differences defined https://cointelegraph.com/defined/bitcoin-assign of residing-vs-futures-etfs-key-differences-defined by the usage of @cointelegraph”},”accounts”:{“twitter”:”@cointelegraph”}},”socials”:{“facebook”:{“url”:”https://www.facebook.com/sharer/sharer.php?u=https%3A%2F%2Fcointelegraph.com%2Fexplained%2Fbitcoin-assign of residing-vs-futures-etfs-key-differences-defined”,”depend”:null,”immediate”:”fb”,”fa”:”facebook”},”twitter”:{“url”:”https://twitter.com/intent/tweet?text=Bitcoin+assign of residing+vs.+futures+ETFs%3A+Key+differences+defined https%3A%2F%2Fcointelegraph.com%2Fexplained%2Fbitcoin-assign of residing-vs-futures-etfs-key-differences-defined by the usage of @cointelegraph”,”depend”:null,”immediate”:”tw”,”fa”:”twitter”},”telegram”:{“url”:”https://telegram.me/share/url?url=https%3A%2F%2Fcointelegraph.com%2Fexplained%2Fbitcoin-assign of residing-vs-futures-etfs-key-differences-defined &text=Bitcoin+assign of residing+vs.+futures+ETFs%3A+Key+differences+defined”,”depend”:null,”immediate”:”tg”,”fa”:”paper-plane”},”whatsapp”:{“url”:”https://api.whatsapp.com/send?text=Bitcoin+assign of residing+vs.+futures+ETFs%3A+Key+differences+defined&href=https%3A%2F%2Fcointelegraph.com%2Fexplained%2Fbitcoin-assign of residing-vs-futures-etfs-key-differences-defined”,”depend”:null,”immediate”:”wu”,”fa”:”whatsapp”},”gplus”:{“url”:”https://plus.google.com/share?url=https%3A%2F%2Fcointelegraph.com%2Fexplained%2Fbitcoin-assign of residing-vs-futures-etfs-key-differences-defined”,”depend”:null,”immediate”:”gplus”,”fa”:”google-plus”},”reddit”:{“url”:”https://www.reddit.com/submit?url=https%3A%2F%2Fcointelegraph.com%2Fexplained%2Fbitcoin-assign of residing-vs-futures-etfs-key-differences-defined&title=Bitcoin+assign of residing+vs.+futures+ETFs%3A+Key+differences+defined”,”depend”:null,”immediate”:”reddit”,”fa”:”reddit-alien”},”linkedin”:{“url”:”https://www.linkedin.com/shareArticle?mini=accurate&url=https%3A%2F%2Fcointelegraph.com%2Fexplained%2Fbitcoin-assign of residing-vs-futures-etfs-key-differences-defined&title=Bitcoin+assign of residing+vs.+futures+ETFs%3A+Key+differences+defined”,”depend”:null,”immediate”:”li”,”fa”:”linkedin”}},”hide_disclaimer”:false,”elink”:”https://cointelegraph.com”,”etitle”:”Cointelegraph”,”elogo_x2″:”https://photos.cointelegraph.com/photos/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9hYjAzYTJhMmNlOWEyMWRjMWYwOTYxZDkxNzMxYzhiYS5wbmc=.png”,”elogo_x1″:”https://photos.cointelegraph.com/photos/260_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9hYjAzYTJhMmNlOWEyMWRjMWYwOTYxZDkxNzMxYzhiYS5wbmc=.png”,”elogo_svg”:false,”affirm material”: [{“id”:3320,”post_id”:84784,”title”:”What is a Bitcoin ETF?”,”content”:”
A Bitcoin exchange-traded fund (ETF) allows buyers to invest in Bitcoin without buying the actual asset. This investment method streamlines the buying process, enabling users to circumvent signing up for an exchange or dealing with crypto wallets.
nn
In traditional investing, an ETF is a form of investment that tracks the price of either an asset or a group of assets. ETFs represent an easy way to invest in multiple assets concurrently without actually holding said assets.
nn
In Bitcoin’s case, a Bitcoin ETF is an asset that simply tracks the price of Bitcoin. By investing in a Bitcoin ETF, users can still profit from Bitcoin’s gains without going through the process of acquiring Bitcoin, such as signing up for an exchange and going through various verification methods.
nn
That said, the Bitcoin ETF, in and of itself, is quite limited. The first so-called Bitcoin ETF, the ProShares Bitcoin Strategy ETF (BITO), launched in October 2021. However, this ETF doesn’t invest directly in the asset, but in Bitcoin futures contracts as an alternative.
nnn”,”created_at”:”2022-04-16 12:38:34″,”updated_at”:”2022-04-26 09:39:41″,”sort”:1,”translations”:{“id”:3313,”explained_post_id”:3320,”title_en”:”What is a Bitcoin ETF?”,”content_en”:”
A Bitcoin exchange-traded fund (ETF) allows buyers to invest in Bitcoin without buying the actual asset. This investment method streamlines the buying process, enabling users to circumvent signing up for an exchange or dealing with crypto wallets.
nn
In traditional investing, an ETF is a form of investment that tracks the price of either an asset or a group of assets. ETFs represent an easy way to invest in multiple assets concurrently without actually holding said assets.
nn
In Bitcoin’s case, a Bitcoin ETF is an asset that simply tracks the price of Bitcoin. By investing in a Bitcoin ETF, users can still profit from Bitcoin’s gains without going through the process of acquiring Bitcoin, such as signing up for an exchange and going through various verification methods.
nn
That said, the Bitcoin ETF, in and of itself, is quite limited. The first so-called Bitcoin ETF, the ProShares Bitcoin Strategy ETF (BITO), launched in October 2021. However, this ETF doesn’t invest directly in the asset, but in Bitcoin futures contracts as an alternative.
nnn”,”title_es”:””,”content_es”:”nnn”,”title_cn”:”什么是比特币ETF？”,”content_cn”:”
比特币交易所交易基金(ETF)允许买家在不购买实际资产的情况下投资比特币。这种投资方法简化了购买过程，用户无需注册交易所或使用加密钱包即可参与。
nn
在传统投资中，ETF是一种跟踪一种资产或一组资产价格的投资形式。ETF代表了一种同时投资多种资产的简单方式，而无需实际持有上述资产。
nn
以比特币为例，比特币ETF是一种只跟踪比特币价格的资产。通过投资比特币ETF，用户仍然可以从比特币的收益中获利，而无需经过购买比特币的过程，如注册交易所和通过各种验证方法。
nn
也就是说，比特币ETF本身是非常有限的。首只所谓的比特币ETF是ProShares比特币策略ETF (BITO)，于2021年10月推出。然而，这只ETF并不直接投资于该资产，而是投资比特币期货交易所交易基金作为替代投资，这使得ProShares提供的ETF更加“虚假”。
nnnn”,”title_de”:””,”content_de”:”nnn”,”title_fr”:””,”content_fr”:”nnn”,”title_it”:””,”content_it”:”nnn”,”title_ar”:””,”content_ar”:”nnn”,”title_br”:””,”content_br”:”nnn”,”title_jp”:””,”content_jp”:”nnn”,”created_at”:”2022-04-16 12:38:34″,”updated_at”:”2022-04-26 09:39:41″,”title_kr”:””,”content_kr”:”nnn”,”title_tr”:””,”content_tr”:”nnn”}},{“id”:3321,”post_id”:84784,”title”:”What is a Bitcoin futures ETF?”,”content”:”
The majority of Bitcoin futures ETFs hold Bitcoin futures contracts. Futures contracts provide users the ability to bet on Bitcoin’s price, having them agree to buy or sell Bitcoin at a specific price on a set date.
nn
A Bitcoin futures ETF is an exchange-traded fund that owns Bitcoin futures contracts, which are an agreement in which one will buy or sell Bitcoin at a specified price on a pre-determined date. For example, when buying via the ProShares Bitcoin Strategy ETF, an investor is buying into a fund that holds futures contracts. However, the ETF ensures the user can avoid investing in futures themselves, and can instead trade BITO like they would a traditional stock.
nn
Futures contracts are generally used for speculative or hedging purposes. Sure, one could simply just buy any amount of Bitcoin at any time without ProShares but a futures ETF ensures that users can invest in digital assets and Bitcoin futures contracts without inconveniencing themselves via exchanges.
nn
This method also costs less in fees when compared to most crypto exchanges. However, a futures ETF doesn’t involve investing in Bitcoin at its spot price, which is why some enthusiasts might not consider the offering a “real” crypto adoption.
nn
Also, companies that offer a Bitcoin futures ETF may charge annual fees, which can leave many wanting an alternative ETF option in which to invest.
nnn”,”created_at”:”2022-04-16 12:39:03″,”updated_at”:”2022-04-26 09:39:36″,”sort”:2,”translations”:{“id”:3314,”explained_post_id”:3321,”title_en”:”What is a Bitcoin futures ETF?”,”content_en”:”
The majority of Bitcoin futures ETFs hold Bitcoin futures contracts. Futures contracts provide users the ability to bet on Bitcoin’s price, having them agree to buy or sell Bitcoin at a specific price on a set date.
nn
A Bitcoin futures ETF is an exchange-traded fund that owns Bitcoin futures contracts, which are an agreement in which one will buy or sell Bitcoin at a specified price on a pre-determined date. For example, when buying via the ProShares Bitcoin Strategy ETF, an investor is buying into a fund that holds futures contracts. However, the ETF ensures the user can avoid investing in futures themselves, and can instead trade BITO like they would a traditional stock.
nn
Futures contracts are generally used for speculative or hedging purposes. Sure, one could simply just buy any amount of Bitcoin at any time without ProShares but a futures ETF ensures that users can invest in digital assets and Bitcoin futures contracts without inconveniencing themselves via exchanges.
nn
This method also costs less in fees when compared to most crypto exchanges. However, a futures ETF doesn’t involve investing in Bitcoin at its spot price, which is why some enthusiasts might not consider the offering a “real” crypto adoption.
nn
Also, companies that offer a Bitcoin futures ETF may charge annual fees, which can leave many wanting an alternative ETF option in which to invest.
nnn”,”title_es”:””,”content_es”:”nnn”,”title_cn”:”什么是比特币期货ETF？”,”content_cn”:”
比特币期货ETF为用户提供了押注比特币价格的能力，让他们同意在特定日期以特定价格买卖比特币。
nn
比特币期货ETF是一种协议，约定将在预先确定的日期以特定价格购买或出售比特币。例如，当通过ProShares比特币策略ETF购买比特币时，投资者可以与ProShares签订合同，在6月15日购买1万美元的比特币，而不管当天比特币的实际价值如何。
nn
既然BTC存在波动性，为什么人们会选择在未来的某一天购买比特币呢？因为他们有理由相信到那时比特币的价格会更低，而且整个过程是由平台而不是用户来完成的。此外，交易员也可以做空该资产，并创建卖出合约。
nn
当然，人们可以在没有ProShares的情况下，在任何时间购买任何数量的比特币，但期货ETF确保了用户可以投资数字资产，而不会通过交易所给自己带来不便。与大多数加密货币交易所相比，这种方法的费用也更低。然而，期货ETF并不涉及以现货价格投资比特币，这就是为什么一些爱好者可能认为这并没有提供“真正的”加密货币采用。
nn
此外，提供比特币期货ETF的公司可能会收取年费，以保持合约和账户的开放。而且，这些ETF有时可能无法准确跟踪比特币的价格。这些问题让许多人想要选择另一种ETF来投资。
nnnn”,”title_de”:””,”content_de”:”nnn”,”title_fr”:””,”content_fr”:”nnn”,”title_it”:””,”content_it”:”nnn”,”title_ar”:””,”content_ar”:”nnn”,”title_br”:””,”content_br”:”nnn”,”title_jp”:””,”content_jp”:”nnn”,”created_at”:”2022-04-16 12:39:03″,”updated_at”:”2022-04-26 09:39:36″,”title_kr”:””,”content_kr”:”nnn”,”title_tr”:””,”content_tr”:”nnn”}},{“id”:3322,”post_id”:84784,”title”:”How does a Bitcoin ETF work?”,”content”:”
A spot Bitcoin ETF provides the same streamlined investment capabilities as a Bitcoin futures ETF, but it only allows users to invest at Bitcoin’s spot price rather than a future value.
nn
A spot Bitcoin ETF brings all the benefits of a futures ETF, such as investing in Bitcoin without using an exchange, paying less in fees than on a crypto exchange, and streamlining the process overall. But a spot ETF invests in Bitcoin on the spot.
nn
That’s right, a spot ETF invests in Bitcoin at its spot price, meaning buyers will be holding Bitcoin within the fund, similar to buying a stock. Enthusiasts view a spot ETF as a more legitimate method of investment because a spot ETF involves holding Bitcoin.
nn
However, as of now, there’s no such thing as an actual Bitcoin spot ETF due to the industry’s nascent nature. Crypto industry pundits often fight for a firm to establish a Bitcoin spot ETF as they believe that markets will take Bitcoin seriously after a spot ETF has been established.
nnn”,”created_at”:”2022-04-16 12:39:26″,”updated_at”:”2022-04-26 09:39:36″,”sort”:3,”translations”:{“id”:3315,”explained_post_id”:3322,”title_en”:”How does a Bitcoin ETF work?”,”content_en”:”
A spot Bitcoin ETF provides the same streamlined investment capabilities as a Bitcoin futures ETF, but it only allows users to invest at Bitcoin’s spot price rather than a future value.
nn
A spot Bitcoin ETF brings all the benefits of a futures ETF, such as investing in Bitcoin without using an exchange, paying less in fees than on a crypto exchange, and streamlining the process overall. But a spot ETF invests in Bitcoin on the spot.
nn
That’s right, a spot ETF invests in Bitcoin at its spot price, meaning buyers will be holding Bitcoin within the fund, similar to buying a stock. Enthusiasts view a spot ETF as a more legitimate method of investment because a spot ETF involves holding Bitcoin.
nn
However, as of now, there’s no such thing as an actual Bitcoin spot ETF due to the industry’s nascent nature. Crypto industry pundits often fight for a firm to establish a Bitcoin spot ETF as they believe that markets will take Bitcoin seriously after a spot ETF has been established.
nnn”,”title_es”:””,”content_es”:”nnn”,”title_cn”:”比特币ETF如何运作？”,”content_cn”:”
比特币现货ETF提供了与比特币期货ETF相同的简化投资能力，但它只允许用户以比特币的现货价格而不是未来价值进行投资。
nn
比特币现货ETF具备期货ETF的所有优点，比如无需通过交易所投资比特币，比加密交易所支付更少的费用，以及整体流程的简化。但现货ETF会按现货价格投资比特币。
nn
没错，现货ETF以现货价格投资比特币，这意味着买家将在合约期内持有比特币。爱好者认为现货ETF是一种更合法的投资方式，因为现货ETF涉及持有比特币。
nn
然而，由于加密货币行业尚未成熟，目前还没有真正的比特币现货ETF。加密货币行业的专家经常争取让公司可以建立比特币现货ETF，因为他们相信，在现货ETF建立后，市场会认真对待比特币。
nn
nnnn”,”title_de”:””,”content_de”:”nnn”,”title_fr”:””,”content_fr”:”nnn”,”title_it”:””,”content_it”:”nnn”,”title_ar”:””,”content_ar”:”nnn”,”title_br”:””,”content_br”:”nnn”,”title_jp”:””,”content_jp”:”nnn”,”created_at”:”2022-04-16 12:39:26″,”updated_at”:”2022-04-26 09:39:36″,”title_kr”:””,”content_kr”:”nnn”,”title_tr”:””,”content_tr”:”nnn”}},{“id”:3323,”post_id”:84784,”title”:”The fight for a Bitcoin spot ETF”,”content”:”
The Bitcoin spot ETF does not yet exist, with crypto companies proposing various concepts to the Securities and Exchange Commission (SEC) over the years. However, a few companies have legitimized the Bitcoin futures ETF.
nn
Crypto companies have fought to legitimize a Bitcoin spot ETF in the United States for years, but the SEC has yet to give in despite its recent two allegedly “crypto-positive” chairmen.
nn
For instance, Jay Clayton, who was head of the SEC from May 4, 2017, to December 23, 2020, is a fan of Bitcoin as a store of value. However, no proposal convinced Clayton that a Bitcoin ETF of any kind was ready. That said, BITO is registered under the Investment Company Act of 1940, meaning it does not require explicit approval from the SEC in order to commence operations.
nn
Either way, Clayton’s successor, Gary Gensler, approved ProShares’ BITO. Other ETF proposals, including those from Valkyrie and Van Eck, have also seen approval. That said, one company, Grayscale, might be the first to implement a Bitcoin spot ETF.
nn
Grayscale, which holds the world’s only SEC-approved, publicly-traded Grayscale Bitcoin Trust (GBTC), proposed its Bitcoin spot ETF to the SEC in 2016. The group shortly withdrew its application in 2017 due to a stalemate in the conversation. Similar to BITO, however, GBTC does not explicitly need SEC approval to commence operations. Rather, GBTC is now offered to accredited investors, and shares may be traded over the counter after a defined holding period.
nn
As of March 2022, Grayscale remains committed to converting GBTC to the world’s first Bitcoin spot ETF, even threatening to sue the SEC if its latest attempts don’t go through. In opposition, the SEC claims that market manipulation is its largest holdup to a Bitcoin spot ETF approval.
nnn”,”created_at”:”2022-04-16 12:39:51″,”updated_at”:”2022-04-26 09:39:36″,”sort”:4,”translations”:{“id”:3316,”explained_post_id”:3323,”title_en”:”The fight for a Bitcoin spot ETF”,”content_en”:”
The Bitcoin spot ETF does not yet exist, with crypto companies proposing various concepts to the Securities and Exchange Commission (SEC) over the years. However, a few companies have legitimized the Bitcoin futures ETF.
nn
Crypto companies have fought to legitimize a Bitcoin spot ETF in the United States for years, but the SEC has yet to give in despite its recent two allegedly “crypto-positive” chairmen.
nn
For instance, Jay Clayton, who was head of the SEC from May 4, 2017, to December 23, 2020, is a fan of Bitcoin as a store of value. However, no proposal convinced Clayton that a Bitcoin ETF of any kind was ready. That said, BITO is registered under the Investment Company Act of 1940, meaning it does not require explicit approval from the SEC in order to commence operations.
nn
Either way, Clayton’s successor, Gary Gensler, approved ProShares’ BITO. Other ETF proposals, including those from Valkyrie and Van Eck, have also seen approval. That said, one company, Grayscale, might be the first to implement a Bitcoin spot ETF.
nn
Grayscale, which holds the world’s only SEC-approved, publicly-traded Grayscale Bitcoin Trust (GBTC), proposed its Bitcoin spot ETF to the SEC in 2016. The group shortly withdrew its application in 2017 due to a stalemate in the conversation. Similar to BITO, however, GBTC does not explicitly need SEC approval to commence operations. Rather, GBTC is now offered to accredited investors, and shares may be traded over the counter after a defined holding period.
nn
As of March 2022, Grayscale remains committed to converting GBTC to the world’s first Bitcoin spot ETF, even threatening to sue the SEC if its latest attempts don’t go through. In opposition, the SEC claims that market manipulation is its largest holdup to a Bitcoin spot ETF approval.
nnn”,”title_es”:””,”content_es”:”nnn”,”title_cn”:”比特币现货ETF的争夺”,”content_cn”:”
比特币现货ETF还不存在，加密货币公司多年来向美国证券交易委员会(SEC)提出了各种提案。不过，一些公司已经合法化了比特币期货ETF。
nn
多年来，加密货币公司一直在努力使比特币现货ETF在美国合法化，但美国证券交易委员会(SEC)仍然没有让步，尽管SEC最近有两位据称是“看好加密货币”的主席。
nn
例如，2017年5月4日至2020年12月23日期间担任美国证券交易委员会(SEC)主席的杰伊·克莱顿(Jay Clayton)是认为比特币保值的粉丝。然而，没有任何提议让克莱顿相信推出比特币ETF的时机已到。克莱顿的继任者加里·詹斯勒(Gary Gensler)批准了ProShares的BITO。
nn
包括Valkyrie和Van Eck在内的其他ETF提案也得到了批准。也就是说，灰度公司(Grayscale)可能是第一家实施比特币现货ETF的公司。
nn
灰度持有世界上唯一经SEC批准的公开交易的灰度比特币信托基金(GBTC)，该公司于2016年向SEC提出了比特币现货ETF。由于谈判陷入僵局，该组织很快在2017年撤回了申请。
nn
截至2022年3月，灰度仍致力于将GBTC转换为世界上第一个比特币现货ETF，甚至威胁称，如果其最新尝试未能通过，将起诉SEC。与此相反，SEC称，操纵市场是其对比特币现货ETF批准的最大阻碍。
nnnn”,”title_de”:””,”content_de”:”nnn”,”title_fr”:””,”content_fr”:”nnn”,”title_it”:””,”content_it”:”nnn”,”title_ar”:””,”content_ar”:”nnn”,”title_br”:””,”content_br”:”nnn”,”title_jp”:””,”content_jp”:”nnn”,”created_at”:”2022-04-16 12:39:51″,”updated_at”:”2022-04-26 09:39:36″,”title_kr”:””,”content_kr”:”nnn”,”title_tr”:””,”content_tr”:”nnn”}},{“id”:3324,”post_id”:84784,”title”:”Are spot Bitcoin ETFs better than futures?”,”content”:”
Bitcoin spot ETFs and Bitcoin futures ETFs both have their pros and cons.
nn
While spot Bitcoin ETFs are certainly more “legitimate” than Bitcoin futures ETFs as they involve actually buying Bitcoin, it’s hard to say which is better.
nn
After all, a Bitcoin futures ETF might not involve buying in at Bitcoin’s spot price, but it streamlines the buying process and allows investors to bet on the market whether they choose to short it or otherwise. In that same vein, some Bitcoin futures ETFs struggle to accurately track Bitcoin’s price, and many charge annual fees. BITO, on the other hand, has accurately tracked the price of Bitcoin futures since its inception.
nn
Conversely, a Bitcoin spot ETF, according to many Bitcoin enthusiasts, will bring “legitimacy” to the asset as it’s allowing users to invest in Bitcoin without actually holding it — and doing so at Bitcoin’s actual price point.
nnn”,”created_at”:”2022-04-16 12:40:13″,”updated_at”:”2022-04-26 09:39:36″,”sort”:5,”translations”:{“id”:3317,”explained_post_id”:3324,”title_en”:”Are spot Bitcoin ETFs better than futures?”,”content_en”:”
Bitcoin spot ETFs and Bitcoin futures ETFs both have their pros and cons.
nn
While spot Bitcoin ETFs are certainly more “legitimate” than Bitcoin futures ETFs as they involve actually buying Bitcoin, it’s hard to say which is better.
nn
After all, a Bitcoin futures ETF might not involve buying in at Bitcoin’s spot price, but it streamlines the buying process and allows investors to bet on the market whether they choose to short it or otherwise. In that same vein, some Bitcoin futures ETFs struggle to accurately track Bitcoin’s price, and many charge annual fees. BITO, on the other hand, has accurately tracked the price of Bitcoin futures since its inception.
nn
Conversely, a Bitcoin spot ETF, according to many Bitcoin enthusiasts, will bring “legitimacy” to the asset as it’s allowing users to invest in Bitcoin without actually holding it — and doing so at Bitcoin’s actual price point.
nnn”,”title_es”:””,”content_es”:”nnn”,”title_cn”:”BTC现货ETF比期货ETF更好吗？”,”content_cn”:”
比特币现货ETF和期货ETF各有利弊。虽然比特币现货ETF肯定比期货ETF更“合法”，因为它涉及实际购买比特币，但很难说哪种更好。
nn
毕竟，比特币期货ETF可能不会以比特币的现货价格买入，但它简化了买入过程，允许投资者在市场上押注，无论他们选择做空还是其他方式。出于同样的原因，一些比特币期货ETF难以准确跟踪比特币的价格，许多ETF还对与该公司签订合约收取年费。
nn
相反，根据许多比特币爱好者的说法，比特币现货ETF将为这种资产带来“合法性”，因为它允许用户在不实际持有比特币的情况下投资比特币——而且是按比特币的实际价格进行投资。
nnnn”,”title_de”:””,”content_de”:”nnn”,”title_fr”:””,”content_fr”:”nnn”,”title_it”:””,”content_it”:”nnn”,”title_ar”:””,”content_ar”:”nnn”,”title_br”:””,”content_br”:”nnn”,”title_jp”:””,”content_jp”:”nnn”,”created_at”:”2022-04-16 12:40:13″,”updated_at”:”2022-04-26 09:39:36″,”title_kr”:””,”content_kr”:”nnn”,”title_tr”:””,”content_tr”:”nnn”}},{“id”:3325,”post_id”:84784,”title”:”How many Bitcoin ETFs are there?”,”content”:”
There are various companies offering Bitcoin ETFs, and each is available on their own respective exchanges.
nn
This article previously mentioned the ProShares BITO Bitcoin futures ETF, which currently holds around $1 billion in investments. BITO is listed on the New York Stock Exchange (NYSE Arca).
nn
Another Bitcoin ETF is the Valkyrie Bitcoin Strategy ETF. Also offering Bitcoin futures ETFs, Valkyrie is listed on Nasdaq with the BTF ticker. Then, we have the VanEck Bitcoin Strategy ETF. Providing users with exposure to Bitcoin futures ETFs, the VanEck Bitcoin Strategy ETF is listed on the CBOE exchange with the XBTF ticker.
nn
nThere are currently only these three Bitcoin futures ETFs listed on the market: BITO, BTF, and XBTF. Which ETF is best is up to the user, of course, as they’re available on different exchanges, which can vary in rates.
nnn”,”created_at”:”2022-04-16 12:40:34″,”updated_at”:”2022-04-26 09:39:36″,”sort”:6,”translations”:{“id”:3318,”explained_post_id”:3325,”title_en”:”How many Bitcoin ETFs are there?”,”content_en”:”
There are various companies offering Bitcoin ETFs, and each is available on their own respective exchanges.
nn
This article previously mentioned the ProShares BITO Bitcoin futures ETF, which currently holds around $1 billion in investments. BITO is listed on the New York Stock Exchange (NYSE Arca).
nn
Another Bitcoin ETF is the Valkyrie Bitcoin Strategy ETF. Also offering Bitcoin futures ETFs, Valkyrie is listed on Nasdaq with the BTF ticker. Then, we have the VanEck Bitcoin Strategy ETF. Providing users with exposure to Bitcoin futures ETFs, the VanEck Bitcoin Strategy ETF is listed on the CBOE exchange with the XBTF ticker.
nn
nThere are currently only these three Bitcoin futures ETFs listed on the market: BITO, BTF, and XBTF. Which ETF is best is up to the user, of course, as they’re available on different exchanges, which can vary in rates.
nnn”,”title_es”:””,”content_es”:”nnn”,”title_cn”:”现在有哪些比特币ETF？”,”content_cn”:”
目前有多家公司提供比特币ETF，都在各自的交易所上市。
nn
虽然现存的比特币ETF只有期货ETF，但人们仍有多种比特币ETF可供选择。这篇文章之前提到了ProShares BITO比特币期货ETF，目前持有约10亿美元的投资。BITO在芝加哥商品交易所(CME)上市。
nn
另一个比特币ETF是Valkyrie比特币策略ETF。Valkyrie也提供比特币期货ETF，在纳斯达克上市，交易代码为BTF。还有VanEck比特币策略ETF，为用户提供比特币期货ETF敞口。VanEck比特币策略ETF在芝加哥期权交易所(CBOE)上市，股票代码为XBTF。
nn
市场上还有其他各种比特币期货ETF，但上文提到的目前最受欢迎。当然，哪种ETF是最好的，取决于用户，因为它们在不同的交易所上市，价格可能各不相同。
nnnn”,”title_de”:””,”content_de”:”nnn”,”title_fr”:””,”content_fr”:”nnn”,”title_it”:””,”content_it”:”nnn”,”title_ar”:””,”content_ar”:”nnn”,”title_br”:””,”content_br”:”nnn”,”title_jp”:””,”content_jp”:”nnn”,”created_at”:”2022-04-16 12:40:34″,”updated_at”:”2022-04-26 09:39:36″,”title_kr”:””,”content_kr”:”nnn”,”title_tr”:””,”content_tr”:”nnn”}}],”is_partner_material”:false,”commentsSection”:{“schemaEntityUrl”:”//cointelegraph.com/defined/bitcoin-assign of residing-vs-futures-etfs-key-differences-defined”,”list”: [],”amount”:0,”i18n”:{“addComment”:”Add a instruct…”,”amountOnePostfix”:”Comment”,”amountPostfix”:”Feedback”,”destroy”:”Break”,”delete”:”Delete”,”edit”:”Edit”,”errorBig”:”Comment text can now not be longer than 2000 characters”,”errorDuplicate”:”Duplicate instruct”,”errorSmall”:”Comment text ought to be now not now not up to 2 characters long”,”hideButton”:”Cover feedback”,”noComments”:” “,”commentOnModeration”:”Touch upon moderation”,”postComment”:”Post”,”respond”:”Reply”,”showAllComments”:”Indicate All Feedback”,”showButtonPostfix”:”feedback”,”showButtonPrefix”:”Indicate”,”signIn”:”Register”,”substitute”:”Exchange instruct”,”commentWasDeleted”:”This instruct has been deleted”}},”associated”: 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A Bitcoin change-traded fund (ETF) enables patrons to put money into Bitcoin with out buying the categorical asset. This investment means streamlines the buying process, enabling users to avoid signing up for an change or going by crypto wallets.
In aged investing, an ETF is a originate of investment that tracks the price of both an asset or a crew of resources. ETFs signify a truly easy technique to put money into more than one resources concurrently with out the truth is preserving said resources.
In Bitcoin’s case, a Bitcoin ETF is an asset that simply tracks the price of Bitcoin. By investing in a Bitcoin ETF, users can composed income from Bitcoin’s gains with out going by the process of acquiring Bitcoin, equivalent to signing up for an change and going by numerous verification methods.
That said, the Bitcoin ETF, in and of itself, might be very restricted. The major so-known as Bitcoin ETF, the ProShares Bitcoin Formulation ETF (BITO), launched in October 2021. Alternatively, this ETF doesn’t invest straight within the asset, but in Bitcoin futures contracts as an alternative.
The majority of Bitcoin futures ETFs pick Bitcoin futures contracts. Futures contracts provide users the flexibility to wager on Bitcoin’s model, having them agree to buy or promote Bitcoin at a instruct model on a direct date.
A Bitcoin futures ETF is an change-traded fund that owns Bitcoin futures contracts, that are an settlement in which one will earn or promote Bitcoin at a specified model on a pre-positive date. As an example, when buying by the usage of the ProShares Bitcoin Formulation ETF, an investor is buying into a fund that holds futures contracts. Alternatively, the ETF ensures the user can pick far from investing in futures themselves, and might as an alternative alternate BITO admire they’d a aged stock.
Futures contracts have a tendency to be ancient for speculative or hedging beneficial properties. Obvious, one might per chance simply pretty earn any amount of Bitcoin at any time with out ProShares but a futures ETF ensures that users can put money into digital resources and Bitcoin futures contracts with out inconveniencing themselves by the usage of exchanges.
This means also charges less in prices when when in contrast with most crypto exchanges. Alternatively, a futures ETF doesn’t cling investing in Bitcoin at its assign of residing model, which is why some enthusiasts might per chance now not pick in thoughts the offering a “true” crypto adoption.
Also, companies that offer a Bitcoin futures ETF might per chance model annual prices, that might per chance leave many wanting an substitute ETF option in which to invest.
A assign of residing Bitcoin ETF presents the a similar streamlined investment capabilities as a Bitcoin futures ETF, then all over again it completely enables users to invest at Bitcoin’s assign of residing model as adverse to a future payment.
A assign of residing Bitcoin ETF brings the whole advantages of a futures ETF, equivalent to investing in Bitcoin with out utilizing an change, paying less in prices than on a crypto change, and streamlining the process total. However a assign of residing ETF invests in Bitcoin on the assign of residing.
That’s honest, a assign of residing ETF invests in Bitcoin at its assign of residing model, meaning patrons will likely be preserving Bitcoin all over the fund, such as buying a stock. Enthusiasts explore a assign of residing ETF as a more first rate process of investment on account of a assign of residing ETF entails preserving Bitcoin.
Alternatively, as of now, there’s no such thing as an true Bitcoin assign of residing ETF attributable to the alternate’s nascent nature. Crypto alternate pundits in general fight for an organization to build a Bitcoin assign of residing ETF as they deem that markets will draw end Bitcoin severely after a assign of residing ETF has been established.
The Bitcoin assign of residing ETF would now not but exist, with crypto companies proposing numerous ideas to the Securities and Alternate Commission (SEC) over the years. Alternatively, a pair of companies delight in legitimized the Bitcoin futures ETF.
Crypto companies delight in fought to legitimize a Bitcoin assign of residing ETF within the United States for years, however the SEC has but to give in no matter its fresh two allegedly “crypto-positive” chairmen.
As an example, Jay Clayton, who used to be head of the SEC from Might per chance presumably even just 4, 2017, to December 23, 2020, is a fan of Bitcoin as a retailer of payment. Alternatively, no proposal contented Clayton that a Bitcoin ETF of any kind used to be ready. That said, BITO is registered under the Funding Company Act of 1940, meaning it would now not require instruct approval from the SEC in give away to initiate operations.
Both plan, Clayton’s successor, Gary Gensler, accredited ProShares’ BITO. Other ETF proposals, along with these from Valkyrie and Van Eck, delight in also viewed approval. That said, one company, Grayscale, also can very properly be the principal to implement a Bitcoin assign of residing ETF.
Grayscale, which holds the sector’s completely SEC-accredited, publicly-traded Grayscale Bitcoin Have faith (GBTC), proposed its Bitcoin assign of residing ETF to the SEC in 2016. The crew rapidly withdrew its utility in 2017 attributable to a stalemate within the dialog. Much like BITO, then all over again, GBTC would now not explicitly need SEC approval to initiate operations. Reasonably, GBTC is now supplied to accredited merchants, and shares will likely be traded over the counter after an outlined preserving interval.
As of March 2022, Grayscale stays committed to changing GBTC to the sector’s first Bitcoin assign of residing ETF, even threatening to sue the SEC if its most recent makes an strive don’t fight by. In opposition, the SEC claims that market manipulation is its largest holdup to a Bitcoin assign of residing ETF approval.
Bitcoin assign of residing ETFs and Bitcoin futures ETFs both delight in their pros and cons.
Whereas assign of residing Bitcoin ETFs are no doubt more “first rate” than Bitcoin futures ETFs as they cling the truth is buying Bitcoin, it’s laborious to claim which might be very most sensible.
After all, a Bitcoin futures ETF might per chance now not cling buying in at Bitcoin’s assign of residing model, then all over again it streamlines the buying process and enables merchants to wager within the marketplace whether or now not they earn to immediate it or in any other case. In that very same vein, some Bitcoin futures ETFs fight to accurately computer screen Bitcoin’s model, and heaps model annual prices. BITO, then all over again, has accurately tracked the price of Bitcoin futures since its inception.
Conversely, a Bitcoin assign of residing ETF, per many Bitcoin enthusiasts, will bring “legitimacy” to the asset as it’s allowing users to put money into Bitcoin with out the truth is preserving it — and doing so at Bitcoin’s true model level.
There are heaps of companies offering Bitcoin ETFs, and each is presently available on their very delight in respective exchanges.
This text previously talked about the ProShares BITO Bitcoin futures ETF, which within the intervening time holds round $1 billion in investments. BITO is listed on the Contemporary York Inventory Alternate (NYSE Arca).
One other Bitcoin ETF is the Valkyrie Bitcoin Formulation ETF. Also offering Bitcoin futures ETFs, Valkyrie is listed on Nasdaq with the BTF ticker. Then, now we delight in the VanEck Bitcoin Formulation ETF. Offering users with exposure to Bitcoin futures ETFs, the VanEck Bitcoin Formulation ETF is listed on the CBOE change with the XBTF ticker.
There are within the intervening time completely these three Bitcoin futures ETFs listed within the marketplace: BITO, BTF, and XBTF. Which ETF might be very most sensible is up to the user, useless to claim, as they’re readily available on completely different exchanges, that might per chance vary in rates.
