Bitcoin ETN refers to the transaction bills of the Bitcoin exchange. By tracking the price trend of the whole market, users are allowed to participate in the whole investment process, regardless of the security of Bitcoin, but the price needs to rise and fall within a period of time to fulfill the original financial commitment.

I didn't know much about this information at that time. Later, my friend went to the training class of Fufu College of Finance and Economics and listened to their lectures. They said that Bitcoin ETF is more like an ordinary investment, set up with a fixed price index and also set up in a trust mode. 1 * * * is divided into three subjects, namely, the sponsor, the trustee and the custodian. After signing the contract, they will perform their respective duties.

Nowadays, the first batch of Bitcoin ETFs have been approved for issuance, which will greatly change the public's overall view on the regulatory risks of encrypted assets, thus having a certain positive impact on Bitcoin.