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
What is your opinion about Crypto ETPs? Interesting alternative to crypto trading that is simple and sustainable? Which issuers are there besides 21shares and Coinshares?
