Some (coin) called ETF has suddenly shown up in my Binance ledger. Does anyone know where it's coming from? I tried googling and all I could find was something about the Winkleviss Twins' new Exchange-Traded Fund? Do the two things have anything to do with each other?
"An ETF is an investment fund that tracks an underlying index, asset, or basket of assets, and itself trades like a common stock. An ETF for Bitcoin would provide investment and trading opportunities for players who don’t want to deal with buying and storing cryptocurrency directly.
For more traditional, wary investors a Bitcoin ETF would be an ideal solution as the entity offering the ETF, not the ETF investor, is responsible for the ownership and security of the underlying cryptocurrency." and yes it was launched by the Winkleviss Twins'.
