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What exactly is a crude oil etf?
1. crude oil etf refers to a financial derivative product that tracks the fluctuation of spot crude oil price based on crude oil.

2. Large crude oil producers entrust physical crude oil to fund companies, and then fund companies publicly issue fund shares on exchanges based on this physical crude oil and sell them to various investors. Commercial banks act as fund custodians and physical custodians respectively, and investors can freely redeem the funds during their existence.