What is an exchange traded fund (ETN)?
Could you elaborate on the concept of an Exchange Traded Note (ETN)? As an investor with an interest in financial instruments, I'm curious about the underlying mechanism of an ETN. Specifically, how does it differ from a traditional bond or an exchange-traded fund (ETF)? What are the key risks associated with investing in ETNs? And how do they typically perform in different market conditions? I'd appreciate a concise yet comprehensive explanation of this financial product.
What is a 21shares bitcoin ETN (ETN)?
Could you please elaborate on what a 21shares Bitcoin Exchange Traded Note (ETN) entails? Specifically, I'm interested in understanding the mechanics behind this financial instrument. Does it function similarly to a traditional exchange-traded fund (ETF), or does it differ significantly? Furthermore, what are the key risks and potential rewards associated with investing in a 21shares Bitcoin ETN? Lastly, how does the pricing and trading of this ETN work in comparison to buying and selling Bitcoin directly? Thank you for your insights.