BlockBeats News, April 4th, First Trust launched the first Bitcoin Strategy ETF. First Trust is a well-known asset management company in the United States, focusing on providing a diverse range of investment products and services, mainly known for exchange-traded funds (ETFs), mutual funds, unit investment trusts (UITs), and other structured investment products.
The Bitcoin Strategy ETF is an exchange-traded fund (ETF) designed to provide investors with exposure to Bitcoin price movements through a specific investment strategy. This type of ETF typically achieves its objective by investing in Bitcoin-related financial instruments (such as futures contracts, options, or other derivatives) rather than directly purchasing and holding Bitcoin spot.
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