As with most things in digital assets, there was absolute chaos surrounding the announcement. The Securities and Exchange Commission was left red-faced after a social media post was released prematurely — prompting dramatic swings in BTC markets.

But what are spot Bitcoin ETFs, and why is their debut on the stock market so significant for Bitcoin? Here, we’ll tell you everything you need to know.

What is a Spot Bitcoin ETF?

Exchange-traded funds are already pretty common — they trade on stock exchanges and issue shares. Generally speaking, ETFs allow investors to gain exposure to assets without requiring to own them directly.

For example, someone interested in…

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