Definition ∞ Fund units represent fractional ownership stakes in an investment fund, such as an exchange-traded fund (ETF) or a mutual fund. Each unit signifies a portion of the fund’s underlying assets and its overall value. Investors acquire or dispose of these units to gain exposure to a diversified portfolio.
Context ∞ In cryptocurrency news, fund units are frequently mentioned in relation to investment products that provide indirect exposure to digital assets, like Bitcoin ETFs. These units allow traditional investors to access crypto markets without directly holding the underlying assets. The creation and redemption of fund units reflect institutional demand for digital asset exposure.
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