Definition ∞ Crypto Exchange-Traded Products are investment vehicles that allow investors to gain exposure to cryptocurrencies without directly owning the underlying digital assets. These products trade on traditional stock exchanges and track the price performance of one or more cryptocurrencies. They offer a regulated and accessible avenue for institutional and retail investors to participate in the crypto market.
Context ∞ The state of Crypto Exchange-Traded Products is presently marked by increasing regulatory scrutiny and growing demand for diverse offerings, particularly in major financial markets. A key discussion involves the approval process for spot Bitcoin and Ethereum ETFs in various jurisdictions, which could significantly broaden market access. Future developments are expected to include a wider array of crypto-backed ETPs and greater geographical availability.