Definition ∞ Commodity-Backed ETPs are Exchange Traded Products that derive their value from an underlying physical commodity, such as gold or oil. These financial instruments allow investors to gain exposure to commodity prices without directly holding the physical asset. In the digital asset space, this concept extends to products backed by cryptocurrencies, offering regulated access to digital assets.
Context ∞ The introduction and regulatory approval process for commodity-backed ETPs, particularly those linked to Bitcoin or Ethereum, consistently generate significant financial news. These products represent a bridge between traditional finance and the digital asset market, potentially increasing institutional participation and market liquidity. Their availability can influence market sentiment and price discovery for the underlying digital assets.
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