Physically backed Bitcoin ETFs, like Bitwise Bitcoin ETF, are safer than any other ETFs due to their unique accounting system, Core Scientific founder Darin Feinstein believes.
With the arrival of spot Bitcoin (BTC) exchange-traded funds (ETF), the traditional trade in the United States has obtained a unique investment tool with features that have never been seen before, according to one industry observer.
Spot, or physically-backed, Bitcoin ETFs are superior to other commodities-based ETFs like gold ETFs because a spot Bitcoin ETF verifiably holds BTC, according to Darin Feinstein, founder of multiple blockchain firms such as Core Scientific and Blockcap.
Unlike any other ETF, a spot Bitcoin ETF is running on an immutable ledger, which is the “best accounting system that's ever been available to humanity,” Feinstein said in an interview with Cointelegraph.
