Like the suggestion of everyone instead of buying a Bitcoin ETF, why not just consider of buying an actual Bitcoin that you can hold out of these exchanges?
I'm still confused as to how they work, are they like stocks or bonds?
There's not that much difference on it. It's like that you're buying but not from the crypto exchanges but from the traditional exchanges.
Bitcoin ETFs are exchange-traded funds that track the value of Bitcoin and trade on traditional market exchanges rather than cryptocurrency exchanges. They allow investors to invest in Bitcoin without having to go through the hassle of using a cryptocurrency exchange while providing leverage to its price.