What is a spot crypto ETF?
Could you please elaborate on what a spot crypto ETF is and how it differs from other investment vehicles in the cryptocurrency space? As a novice investor, I'm curious to understand the fundamentals of this type of financial product and how it can potentially provide exposure to the crypto market. Specifically, I'd like to know if it allows for direct ownership of the underlying cryptocurrencies or if it's a derivative product. Additionally, I'm interested in knowing the potential risks and rewards associated with investing in a spot crypto ETF.