EtNs are not safe , and no central bank is safe either . The value of any currency and reserve depends on global acceptance and demand . Why do you think many governments are keeping gold reserves ? . Any structured product that has underlying debt attached to is risky . No matter what the fund managers n advisers tell you .
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Have to agree with Navala, they are not safe. Even the crooks at the IMF admitted yesterday that 9 of the world's most strategic banks are unsafe.... including Barclays. It is interesting to see Ethereum being adopted mainstream but if you have any choice then buy the asset itself rather than hold it within any fund. If however you can't access your money (trapped within a self-directed pension fund, etc) then the ETN maybe worth a look... but only if you can't free your cash from the pension trap.