If there's any one solid metric proving that the death of crypto has been greatly exaggerated, it's the number of access points for investors to buy crypto.
There are more than 150 crypto exchange-traded products globally, according to research firm ETFGI. Collectively, they hold nearly $11 billion in assets under management.
The U.S. accounts for three of them, ETFGI managing partner Deborah Fuhr tells Axios, speaking to how restrictive U.S. regulators are.
Why it matters: People want an easy, direct way to invest in crypto, like they invest in stocks and bonds, but regulators have yet to approve them.
So far, the Securities and Exchange Commission has only approved ETFs that hold bitcoin futures, which investors use to trade on the price they think bitcoin will strike, without actually owning any bitcoin.
Details: ETFs are vehicles that can hold virtually any asset, whether they are stocks, bonds or commodities like gold — but not for crypto, at least not directly, in the U.S.
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