It often happens that ETCs are mistaken for ETFs, in reality, they have very different characteristics. ETCs, which stands for Exchange Traded Commodities, are characterised by not having an expiry date and David CarliI am a macroeconomic and financial analyst with over 30 years’ experience, including two years as a fund manager. I specialise in currencies and commodities, and I am the author of several successful books on trading, macroeconomics, and financial markets.