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Understanding Bitcoin ETFs A Bitcoin ETF (Exchange-Traded Fund) allows investors to gain exposure to Bitcoin without directly owning it. There are two main types of Bitcoin ETFs: spot ETFs and futures ETFs. Spot Bitcoin ETF: This type of ETF holds actual Bitcoin as the underlying asset. The performance of the ETF is directly tied to the real-time price of Bitcoin. Futures Bitcoin ETF: This ETF invests in Bitcoin futures contracts, which are agreements to buy or sell Bitcoin at a future date for a predetermined price. The value of the ETF depends on the futures market conditions.