Why is Blackrock a spot-bitcoin ETF?
I'm wondering why Blackrock is considered a spot-bitcoin ETF. Is it because it directly holds bitcoins instead of Bitcoin futures or other derivatives? How does it work?
Why is Blackrock launching a spot-bitcoin ETF?
Blackrock is launching a spot-bitcoin ETF due to the increasing demand and interest in cryptocurrencies, especially bitcoin. This move allows investors to gain exposure to Bitcoin without having to directly buy and store the cryptocurrency.