Bitcoin ETFs Explained — A 2025 Investor’s GuideExchange-traded funds have been around since 1993, but it took three decades-and dozens of denied applications—before U.S. regulators finally approved a spot Bitcoin ETF in January 2024. Now, just 18 months later, these products have attracted more than US $9 billion in net inflows, according to Bloomberg data, and frequently trade more volume than the largest gold funds. This guide distils what investors need to know in 2025: how Bitcoin ETFs work, why they matter, and the risks that still lurk beneath the ticker symbols.
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