Bitcoin ETFs Will Further Boost The Cryptocurrency

Bitcoin ETFs have hit the market and they’re all the rage. Why though? Let’s find out.

ETF stands for Exchange Trade Funds. As an investor, you can either go for a short term investment — where your investments can be converted into cash easily in a short span of time, or you can go for long term investments like stocks and commodities, where you hold you investments for long and wait for them to grow to a targeted value.

Through ETFs though, one can buy or sell funds throughout the day. These are basically a basket of marketable securities that can be used as an investment. The value of ETFs depend on their market index, and the person investing in ETF owns a share in the underlying assets within that particular index. ETFs are similar to mutual funds but traded like a common stock on the stock exchange.

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