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Daily Xrp News - Videos

XRP ETP Launches Tomorrow! xRapid Volume Kicking In! Bitcoin Battling Critical Resistance. Q1 Review

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14 Comments

  1. That Amun XRP ETP is an ETN (Exchange Traded Note). ETN don't typically hold the asset they are usually a debt security where the money goes on the bank's balance sheet. But their website says "Amun holds the underlying crypto assets in cold storage equal to 100% of the value of the notes at all times." To me, that is kind of confusing if it holds the crypto assets in cold storage then why are they referring to it as a note?

    https://www.bloomberg.com/quote/AXRP:SW
    https://www.investopedia.com/terms/e/etn.asp
    https://www.amun.com/en/products/axrp/

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