What is ETF of bitcoin?

Bitcoin exchange-traded funds (ETFs) are investment vehicles that track the value of Bitcoin. They can be bought, sold, and traded on traditional stock market exchanges instead of cryptocurrency trading platforms. Bitcoin ETFs allow investors to get exposure to the enticing potential of BTC without having to directly own it or safely store it. Currently, Bitcoin ETFs can only hold Bitcoin futures contracts or stocks of companies and other ETFs with exposure to cryptocurrency. The Security and Exchange Commission (SEC) continues to evaluate whether it will ultimately approve ETFs that own Bitcoin directly. As of January 2024, there are seven Bitcoin ETFs approved by the SEC for trading in the United States. However, more than 20 additional Bitcoin ETF filings are awaiting approval from the SEC, some of which are for funds that directly own Bitcoin. It’s important to note that the SEC has not yet approved spot Bitcoin ETFs, which would allow investors to buy and sell actual Bitcoin. However, U.S. asset managers remain hopeful that the securities regulator will permit the trading of spot Bitcoin ETFs.