1.etf is trading index open fund, etf is an open fund that can be listed on the exchange, and lof fund is listed to open fund.

2.lof is a fund type initiated by China. The subscription and redemption of ETFs can only be carried out on the exchange, and only on-site transactions can be carried out. Lof can be carried out on both the exchange and the consignment outlets.

3.etf adopts "physical purchase and physical redemption". Investors purchase a basket of stocks and redeem a basket of stocks. lof fund may purchase a basket of stocks and lof redeems real cash.