Криптовалютный ETF
Crypto ETF
An exchange-traded fund (ETF) listed on a stock exchange that tracks the price of a crypto asset. It gives investors exposure to cryptocurrency through a brokerage account without holding the coins.
What is Криптовалютный ETF (Crypto ETF)?
A crypto ETF is an exchange-traded investment fund whose shares trade on a stock exchange and track the price of one or more crypto assets. Investors buy fund shares through a regular broker, without opening a crypto wallet or managing private keys.
## How it works
The fund either holds the underlying asset directly (spot ETFs) or enters into futures contracts (futures ETFs), and issues exchange-traded shares whose price is linked to the value of the fund's assets. A custodian holds the coins, and the fund is managed by an asset management company that charges a management fee.
## Where it is used and what it affects
The product trades only in jurisdictions where the securities regulator has allowed it to be listed, so availability depends heavily on the country. For fintech companies and payment services, ETFs matter as a channel for accessing crypto assets through traditional accounts, and they are subject to the broker's KYC and AML requirements.
## Common mistakes
People confuse spot and futures ETFs: a futures product's returns can differ noticeably from the price of the underlying asset because of contract rolls. Investors also overlook the management fee, the spread between bid and ask prices, and the fact that a fund share is not the same as direct ownership of the coins.
FAQ
How is a crypto ETF different from buying coins on an exchange?
When you buy an ETF, you own a share of the fund, not the coins themselves, and you do not manage the keys. The trade takes place on the securities market in fiat currency, and management costs are reflected in the share price.
Can you lose more than you invested?
When you buy an unleveraged fund share, your loss is limited to the amount invested. Leveraged and inverse products increase the risk, so they need to be studied separately.
Is this the same as cryptocurrency?
No. An ETF is a security regulated under securities law, while a crypto asset is a digital token. The ETF price tracks the crypto asset but does not guarantee the same return.