Bitcoin exchange-traded funds (ETFs) have emerged as a popular investment vehicle, holding nearly $135 billion in total assets. They allow investors to buy shares that track the price of Bitcoin without needing to navigate the complexities of crypto exchanges. However, this convenience comes with significant trade-offs. Investors are bound by stock market trading hours, meaning they cannot react to market changes outside these hours. Additionally, owning ETF shares does not equate to owning actual Bitcoin, as investors cannot redeem shares for the physical asset. Regulatory protections for Bitcoin ETFs are also less stringent than those for traditional mutual funds, raising concerns about safety. The competitive landscape has driven down management fees, with BlackRock controlling 53% of the market. As more individuals seek exposure to Bitcoin through ETFs, understanding these nuances is crucial for making informed investment decisions.