No. ETFs usually hold the underlying assets they track (like shares or bonds), so your main risk is how those assets perform. ETNs donโt hold the assets โ they are debt securities issued by a financial institution. That means you face two risks: the market risk of the cryptocurrency price moving up or down, and the counterparty risk that the ETN issuer might default or go insolvent.
Are crypto ETNs the same as ETFs?
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