ETNs (Exchange-Traded Notes) are unsecured debt securities that track the price of a digital asset but do not hold the underlying asset.
Quote
Sources
FCA clears path for UK retail crypto ETF trading-kind of
Referenced by
Crypto exchange traded note (cETN) is an unsecured debt instrument that tracks the price of a digital asset without holding it, whereas a crypto exchange traded fund (cETF) is a fund that directly holds digital assets
Crypto news
Claim