The ETF and You: What Bitcoin’s Big News Means
The latest news in the Bitcoin space is one that has been in the making for four years: the Winklevoss’ twins Bitcoin ETF will soon be accepted, or rejected, by the Securities and Exchange Commission (the SEC). This decision will leave ripples in Bitcoin’s history, and it’s the first step to legitimizing Bitcoin’s acceptance with the general public. But first, let’s look at what an ETF is, and why they’re so important. Mutual and Exchange-Traded Funds Funds are important – it’s a building block towards a particular purpose. The most common type of fund – a retirement fund – is a sum of money for after we’ve entered retirement, allowing us to live comfortably in our older years.