Bitcoin ETFs in US approved. What about Europe?
While Americans have seen the adoption of Bitcoin (BTC) spot and futures ETFs, the situation in Europe is different. Bitcoin ETFs have been a hot topic for many months, as the approval of ETFs based on actual Bitcoin in the U.S. could potentially lead to an influx of funds from Wall Street institutions, possibly pushing the price of Bitcoin to new heights. How do Bitcoin ETFs work? Like traditional ETFs, Bitcoin ETFs are issued by financial institutions that invest in Bitcoin and manage the fund on behalf of investors. A Bitcoin ETF can be structured in various ways. For example, it may hold Bitcoin futures or “physical” Bitcoin as the underlying asset, managed by the ETF issuer on behalf of the investor. Source: iShares In the case of funds with a Bitcoin base, the issuing institution buys BTC and holds it. Subsequently, it issues shares of the fund on a securities exchange, tracking the asset’s price. Investors directly own a portion of the underlying Bitcoin, ...