Questions tagged [exchange-traded note]

Nicola Wed Jul 17 2024 | 7 answers 1648

Could you please elaborate on the concept of a Bitcoin Exchange-Traded Note? As a finance and cryptocurrency practitioner, I'm curious to understand how it differs from traditional investments. Specifically, I'd like to know how these notes are issued, what their pricing mechanisms are, and if they provide investors with a direct ownership of Bitcoin or just a derivative exposure. Additionally, I'm interested in the risks associated with investing in these notes, including market volatility and potential regulatory issues.