SPY tracks the value of the SPDR S&P 500 ETF Trust, an exchange-traded fund that tracks the S&P 500 index of large-cap US stocks. This is a synthetic perpetual market on Lighter, a separate venue from CoinBeaver's other SPY listing with its own price, funding rate, and liquidity.

SPY is listed as a Lighter synthetic perpetual market. Prices track traditional-asset exposure synthetically and do not represent ownership of the underlying shares, ETFs, commodities, or cash instruments. Educational market data only — not investment advice.

Sector tags: Equity Indices.