Cryptocurrency exchange traded fund is an ETF that tracks a single cryptocurrency or a basket of different digital currencies, and has similar benefits to a traditional ETF—including lower cost of ownership and greater diversification.
A cryptocurrency exchange traded fund (ETF) is a fund consisting of cryptocurrencies. While most ETFs track an index or a basket of assets, a cryptocurrency ETF tracks the price of one or more digital tokens. Based on investor sales or purchases, the share price of cryptocurrency ETFs fluctuates on a daily basis. Just like common stocks, they are also traded on a daily basis.
