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by loveparade 974 days ago
> Is it just a vehicle to trade Bitcoin (as in a single cryptocurrency; BTC) on a normal stock exchange?

Yes

> Is it an index-weighted portfolio of BTC and other (e.g. Ethereum)?

No

> Does the fund actually own BTC or is it technically a derivative like a synthetic (regular) ETF?

Yes, a spot ETF is backed by "physical" Bitcoin

1 comments

How is it "physical" when it is only an IOU from Coinbase?
Retail stocks are usually held in street name. That system seems to be working.