A Bitcoin ETF, or exchange-traded fund, is a type of investment fund that tracks the price of Bitcoin. It allows investors to buy and sell shares in the fund on a stock exchange.
The ETF aims to mirror the performance of Bitcoin, providing investors with a way to gain exposure to the cryptocurrency without actually owning it. This can be an attractive option for investors who want to invest in Bitcoin through their brokerage accounts, as it can be more convenient and familiar than purchasing and storing the cryptocurrency directly. However, as of now, the U.S. Securities and Exchange Commission (SEC) has not approved a Bitcoin ETF for trading on public exchanges.
Please refer to: https://www.cftc.gov/LearnAndProtect/AdvisoriesAndArticles/BitcoinFuturesETF.html