ETP (exchange-traded product)

What is an ETP? An exchange-traded product is a security that trades on a stock exchange like a regular share but tracks the price of an underlying asset, such as bitcoin, gold, or a basket of stocks. ETPs matter to crypto readers because they let you get price exposure to an asset through a normal brokerage account, without setting up a wallet or managing private keys. ETFs, ETNs, and exchange-traded commodities are all types of ETP, differing mainly in how they're structured legally and who bears the credit risk. For example, BlackRock's iShares Bitcoin Trust (IBIT) is an ETP that holds actual bitcoin and lets investors buy shares tracking its price on the Nasdaq, the same way they'd buy shares of Apple.