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Yes, it's much like a mutual fund but rather than holding stocks and bonds it holds crypto and like with an ordinary mutual fund you have no direct control over the assets held.They don't actually provide real Bitcoin. It's a derivative. Can't transfer what you don't have. It's like "paper gold". Buy gold stock and there is only pixie dust and no real gold. Gold under the mattress is real, otherwise, it's a derivative. With Bitcoin, no personal keys, no Bitcoin.
