ETF
Exchange-Traded Funds that hold baskets of assets and trade on stock exchanges, providing regulated exposure to digital assets.
What is ETF?
An Exchange-Traded Fund (ETF) is an investment fund that holds a basket of assets and trades on stock exchanges like individual shares. Bitcoin and Ethereum ETFs are prominent, providing regulated exposure to these digital assets without direct ownership.
Spot Bitcoin ETFs, approved by the U.S. SEC in January 2024, directly hold Bitcoin, tracking its real-time spot price, with major funds like BlackRock’s IBIT and Grayscale’s GBTC managing billions in assets. Spot Ethereum ETFs, approved in 2024, similarly track ETH.
Additionally, Bitcoin futures ETFs issue publicly traded securities that track the price movements of Bitcoin futures contracts, managed through a subsidiary acting as a commodity pool, offering investors leveraged or speculative exposure without direct Bitcoin ownership.
Related Terms
OP Stack and OP Superchain
The modular, open-source framework for building Ethereum Layer 2 chains, forming the interconnected Superchain ecosystem.
Solana Account Owner
The Solana program (smart contract) that has exclusive authority to modify a specific account’s data or state on the Solana blockchain.
Pendle
A DeFi protocol for tokenizing and trading future yields from digital assets, enabling users to separate principal from yield for fixed-rate strategies and speculation.
Oracle
A mechanism that provides real-world data to blockchains for use in smart contracts.
Open Interest
The total value of outstanding perpetual swap contracts on a Perp DEX.
Price Chart
A graphical representation of a digital asset's historical price movements over customizable timeframes.