FULL QUESTION:
Hi Ric, I loved your book “… About Crypto” and enrolled in your Investors Track course yesterday.
What does “spot” bitcoin refer to, and how are the “spot bitcoin” ETFs approved Jan. 10, 2024 different than the numerous digital asset ETFs cited in your book and the DACFP website?

ANSWER:
”Spot” means “the price right now” – as opposed to bitcoin futures ETFs, which are investments based on the future prices. And these new spot bitcoin ETFs differ from crypto ETFs in that they all buy bitcoin; the others buy stocks of companies engaged in the crypto industry.