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Exchange-Traded Notes (ETN) are investment instruments traded on the stock exchange, the presence of ETN crypto allows traditional financial actors to also invest in crypto without having to physically own crypto. ETN crypto is basically a debt instrument (notes) so it is similar to a crypto ETF.
If you buy ETN crypto/Bitcoin through a regular stock investment account, you only receive paper (notes) with a certain maturity date. from the issuer guaranteed by the custodian bank. If the price of Bitcoin goes up, the value of the ETN Bitcoin will also go up and vice versa. So ETN Bitcoin holders not only get interest but also capital gain/loss from the value of the ETN.
If you buy ETN crypto/Bitcoin through a regular stock investment account, you only receive paper (notes) with a certain maturity date. from the issuer guaranteed by the custodian bank. If the price of Bitcoin goes up, the value of the ETN Bitcoin will also go up and vice versa. So ETN Bitcoin holders not only get interest but also capital gain/loss from the value of the ETN.