Quick reference card: ETF creations and redemptions
ETF shares trade in two markets: ordinary investors buy and sell existing shares on exchanges, while authorized participants (APs) create and redeem shares with the issuer in the primary market.
Before buying an ETF, check its fees, trading volume, and typical premium or discount. Don’t judge it by its name alone.
Spot Bitcoin ETF shares are backed by $BTC actually held by the issuer. Currently 74604.23.