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
Block Proposer in Ethereum
The validator pseudo-randomly selected to propose and broadcast a new block during a specific 12-second slot in Ethereum's proof-of-stake consensus mechanism.
Tether
The company issuing USDT, a leading USD-pegged stablecoin, focused on blockchain-based financial solutions.
BTC Credit Hurdle (MSTR)
The BTC ARR% needed to achieve investment-grade BTC Credit under Strategy's framework.
Cryptocurrency
Digital currencies and assets secured by cryptography and operating on decentralized blockchain networks without central authority.
BTC Gain
The number of Bitcoin added to Strategy's holdings attributable to its BTC Yield over a specified period.
Asks (sell orders)
Orders from sellers indicating the price and quantity at which they are willing to sell a digital asset.