What is the difference between Bitcoin ETP and Bitcoin?

ETP stand for Exchange Traded Products and are securities that track an index, underlying securities, or other financial instruments.

You can track ETPs on exchanges similar to stocks meaning their prices fluctuate daily and intraday. However, ETPs prices are derived from the underlying investment that they track.

They offer exposure to the cryptocurrency market without the concerns of custody or owning the underlying asset. ETP investors are entitled to the underlying cryptocurrency.