What it is
An exchange-traded product, or ETP, is a general term for investment vehicles that trade on stock exchanges, similar to individual stocks. This category includes exchange-traded funds (ETFs), exchange-traded notes (ETNs), and exchange-traded commodities (ETCs). ETPs offer investors exposure to various asset classes, such as equities, bonds, commodities, or cryptocurrencies, without directly owning the underlying assets. Their prices fluctuate throughout the trading day based on market supply and demand.
ETPs are known for their liquidity, transparency, and cost-efficiency compared to traditional mutual funds. For crypto markets, ETPs allow investors to gain exposure to digital assets through regulated financial products, circumventing the complexities of direct crypto ownership and storage. Bitcoin ETPs have been available in Europe for years, while the U.S. market saw its first spot Bitcoin ETF approval in 2024, expanding access for retail investors.
Why it matters
ETPs provide a regulated, liquid, and accessible way for retail investors to gain exposure to a wide range of assets, including cryptocurrencies.
Reviewed under editorial standardsUpdated September 26, 2026Not investment advice