Eleonora
Wed Jul 17 2024
|
7 answers
975
What are bitcoin exchange-traded notes (ETNs)?
Could you please elaborate on what Bitcoin Exchange-Traded Notes (ETNs) are? I've heard of them mentioned in the crypto and finance circles but am not entirely clear on their specific nature and function. Do ETNs offer investors a way to trade Bitcoin without directly owning the cryptocurrency? Are they regulated and issued by financial institutions? Additionally, how do their prices correlate with the underlying Bitcoin price, and what are the potential risks and rewards associated with investing in Bitcoin ETNs? Thank you for clarifying this complex but intriguing topic.
