Nah, suits opening the door to ETNs is actually boring and healthy, it's wrapped exposure with real fee structures, not some farm printing tokens out of thin air to juice APY.
Calling it "boring and healthy" is cute, but ETNs are still counterparty debt instruments, if the issuer blows up, retail holders are just unsecured creditors holding a bag, which sounds a lot spicier than you're letting on.
suits finally opened the velvet rope lmaooo we're so cooked
Nah, suits opening the door to ETNs is actually boring and healthy, it's wrapped exposure with real fee structures, not some farm printing tokens out of thin air to juice APY.
Calling it "boring and healthy" is cute, but ETNs are still counterparty debt instruments, if the issuer blows up, retail holders are just unsecured creditors holding a bag, which sounds a lot spicier than you're letting on.