Crypto ETF
Fund tracking crypto price — purchasable through traditional brokers.
A crypto ETF (Exchange-Traded Fund) is an investment fund that tracks the price of a cryptocurrency and trades on traditional exchanges (NYSE, Nasdaq) — just like stocks.
Advantages of ETF vs direct purchase:
•No need for crypto wallet or exchange
•Regulated instrument — greater institutional trust
•Within existing brokerage accounts (Fidelity, Schwab)
•More suitable for pension funds (IRA, 401k)
Bitcoin Spot ETF:
•Approved by SEC January 2024
•BlackRock IBIT, Fidelity FBTC, Invesco, VanEck
•Record inflows of $10+ billion in first weeks
•Major institutional legitimacy signal for BTC
Ethereum Spot ETF:
•Approved May 2024
•Lower inflows than BTC ETF
Grayscale (GBTC): original crypto "ETF" — trust, not ETF. Historically high discount to BTC price.