Skip to main content

Can Gunbot Be Used to Trade Bitcoin ETFs?

· One min read

Gunbot is built for automated trading on cryptocurrency exchanges. It does not trade Bitcoin ETFs.

Clarification on Bitcoin ETFs

Bitcoin ETFs track the price of Bitcoin and are traded on traditional stock exchanges. This differs from crypto spot trading, which involves trading the assets on cryptocurrency exchanges.

Gunbot's Trading Capabilities

Gunbot does not support the trading of Bitcoin ETFs. Gunbot is built for automated trading in cryptocurrency spot and futures markets.

Impact of Bitcoin ETFs on Market Dynamics

Even though Gunbot cannot trade ETFs, ETF-driven market activity can affect crypto spot and futures prices. You can monitor those market shifts when tuning your strategies.