Nasdaq Stockholm lists Bitcoin and Ether exchange-traded notes

[waybesuricata]

Nasdaq Stockholm has announced that 21Shares has listed its first two physically backed exchange-traded notes (ETN) on the Swedish trading platform.

The two instruments listed, with Bitcoin (BTC) and Ether (ETH) as underlying assets, represent a new segment for ETNs — a type of unsecured debt security that tracks an underlying index of equities and trades on a major exchange.

According to the announcement, the new ETNs will provide investors access to investment opportunities in cryptocurrencies such as Bitcoin and Ether.

Helena Wedin, European head of exchange-traded products at Nasdaq, said that exchange-traded notes allow one to invest in non-traditional assets while maintaining the transparency of a regulated market. She added, “We are happy to launch this new segment at Nasdaq Stockholm with 21Shares as the first issuer.”

According to the press release, most traditional banks and brokers allow investors to trade all ETNs listed on Nasdaq Stockholm. This is a first that opens up new possibilities to investors interested in investing in cryptocurrencies but who are uncomfortable doing so on unregulated exchanges.


Source and continuation of news:  https://cointelegraph.com/news/nasdaq-stockholm-lists-bitcoin-and-ether-exchange-traded-notes