Canary and Bitwise to Launch First US Altcoin ETF

The collaboration introduces the nation’s first exchange-traded fund focused on altcoins, marking a new phase in regulated crypto investment options.

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Terms & Concepts
  • Altcoin ETF: An exchange-traded fund that tracks a basket or index of cryptocurrencies other than Bitcoin, offering regulated market exposure to alternative digital assets.
  • Exchange-Traded Fund (ETF): A type of investment fund traded on stock exchanges, holding assets such as stocks, commodities, or cryptocurrencies.
  • Altcoin: A general term for any cryptocurrency other than Bitcoin, including tokens and coins with varying functions and blockchain networks.