This article discusses the rise of Bitcoin exchange-traded funds (ETFs) and their impact on the price of Bitcoin. It highlights the benefits of spot-traded ETFs, which hold actual Bitcoin and offer exposure to the cryptocurrency without the need for custody. The VanEck Bitcoin ETF, HODL, is used as an example, noting its recent stock split and its performance compared to other ETFs. The article also touches on the difference between crypto ETFs and ETFs that hold exposure to blockchain-related companies. It emphasizes the potential for higher returns in Bitcoin ETFs compared to altcoin ETFs due to the dominance of Bitcoin in the market. The article concludes by discussing the issue of capital dilution in the altcoin market and the potential erosion of trust caused by the proliferation of memecoins, suggesting that Bitcoin may be a more reliable investment choice.



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