
Exploring ETNs: A Gateway for Global Investors to Access Private Credit Opportunities
Exchange-Traded Notes (ETNs) provide Latin American investors with a unique opportunity to access high-yield private credit markets in North America. These debt securities deliver consistent income through interest payments from secured loans, adding stability to investment portfolios. ETNs enhance portfolio diversification, offer a hedge against market volatility, and ensure transparency and liquidity by being traded on regulated international exchanges. This makes them an appealing choice for global investors seeking reliable returns.

Q2 Direct Lending Market Observations
The direct lending market is shifting due to high interest rates and increased competition among large asset managers. First-lien lenders are seeing strong returns, while large-cap lending faces tighter margins and higher risks. Private equity firms are driving a surge in mergers and acquisitions, adapting to the prolonged high-rate environment. Investors are turning to clean-slate portfolios and focusing on the lower middle market to mitigate risks and capitalize on new opportunities.

Unlocking Potential: Harnessing Bitcoin as Collateral
Explore the evolving role of Bitcoin in the financial ecosystem as it becomes a versatile form of collateral. From margin trading and DeFi lending platforms to real estate loan portfolios, leveraging Bitcoin as collateral unlocks new lending opportunities and demonstrates its multifaceted flexibility. Read how Bitcoin collateral enhances income options for credit investors and introduces a secure and efficient way to guarantee loans, bridging traditional finance and digital assets.