Before spot bitcoin ETFs launched (and even before futures bitcoin ETFs), crypto equity ETFs helped build early appetite for crypto. They were the first real taste of bitcoin that investors could get in their traditional brokerage accounts. This picks-and-shovels approach offered a simple way to get exposure to bitcoin — but it wasn't direct ownership. And once spot bitcoin ETFs arrived, crypto equity ETFs moved out of the spotlight. Still, crypto equity ETFs have their own investment case — notably crypto ...