By Michael D. Borges | Crypto analyst and market commentator. Updated June 2024. Bitcoin ETF Explained: What the Approval Actually Changed A Bitcoin ETF is a fund traded on a stock exchange that tracks the price of Bitcoin, letting you gain exposure through a standard brokerage account without ever touching a wallet or managing private keys. The SEC approved the first US spot Bitcoin ETFs in January 2024, opening the asset class to pension funds, 401(k) accounts, and wealth managers…