The term "Bitcoin ETF" is often used interchangeably with "exchange-traded fund," but technically, a Bitcoin ETF is a subcategory of ETFs that specifically track the price of Bitcoin.
iBIT and FBTC are two exchange-traded funds (ETFs) that provide exposure to the Bitcoin cryptocurrency.
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Both are traded on stock exchanges, allowing investors to buy and sell them throughout the day.
iBIT is launched by BlackRock, and FBTC is offered by Fidelity.
Both have gathered significant assets under management since their inception in January 2024.