Definition ∞ Spot crypto exchange products are financial instruments that allow investors to gain exposure to the immediate market price of cryptocurrencies. These products, such as spot Bitcoin ETFs, track the real-time price of the underlying digital asset, enabling investors to buy or sell at current market rates. They provide a regulated and accessible way to invest in cryptocurrencies without directly holding the digital assets themselves. Their value directly corresponds to the spot market price of the crypto asset.
Context ∞ The approval and launch of spot crypto exchange products are significant milestones for the digital asset industry, attracting traditional investors. News reports frequently cover regulatory decisions regarding these products, particularly spot Bitcoin ETFs in major markets. Debates often focus on market surveillance, price manipulation concerns, and the adequacy of investor protection within these offerings.