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GeldmitKopf@cashwithhead
10Lun
The ETF in the USA is not a debt security but a normal asset that must also be managed separately as a special asset. The difference with us is that the asset is not on the balance sheet of the company and is therefore not exposed to insolvency.
ETPs are bonds and only give you the right to the asset. However, if the company goes bankrupt, you may not be able to claim everything
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GeldmitKopf@cashwithhead
10Lun
@cashwithhead Does this mean that the classic ETf is safer than an ETP or ETN?
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GeldmitKopf@cashwithhead
10Lun
@cashwithhead Also, an ETF in Germany may not consist of only one security in the USA already
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GeldmitKopf@cashwithhead
10Lun
@cashwithhead ETP means ETC. ETP is just the generic term for the products, sorry.
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Marcel O.@Marcel3008
10Lun
@cashwithhead hi, thank you for your explanation

So back then I bought a product that was relatively close to the current one, but had significantly more risk
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GeldmitKopf@cashwithhead
10Lun
@Marcel3008 Put simply, you could say that. You can't buy BTC ETFs in Germany anyway. In addition, many ETCs are hedged separately, so they don't have to be less secure. 👍
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