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🔥 London Stock Exchange will launch trading #Bitcoin & #Ethereum #ETN on May 28
ETN is Exchange-Traded Notes, which operates almost the same as #ETF but is legally distinct. Simply put, when you invest in an ETF, you are investing in a fund that buys and holds assets, and you own a portion of those assets through your purchase of the ETF.
An ETN is more like a bond, where you deposit money and they use it to buy assets, while recording that they owe you a corresponding amount and that debt increases as the asset they buy increases in price .
When you sell ETN it means you collect debt, when you sell #spot ETF it means you want to sell your assets.
ETN is Exchange-Traded Notes, which operates almost the same as #ETF but is legally distinct. Simply put, when you invest in an ETF, you are investing in a fund that buys and holds assets, and you own a portion of those assets through your purchase of the ETF.
An ETN is more like a bond, where you deposit money and they use it to buy assets, while recording that they owe you a corresponding amount and that debt increases as the asset they buy increases in price .
When you sell ETN it means you collect debt, when you sell #spot ETF it means you want to sell your assets.
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