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Are crypto ETNs the same as ETFs?

Updated over 3 weeks ago

No. ETFs usually hold the underlying assets they track (like shares or bonds), so your main risk is how those assets perform. ETNs donโ€™t 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.

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