A New Door Opens for US Investors as they get Exposure to Bitcoin ETN

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A New Door Opens for US Investors as they get Exposure to Bitcoin ETN and Forgets Bitcoin ETF
While the entire crypto space has been tired of waiting for a decision by the U.S. Securities Exchange Commission (SEC) on an upcoming bitcoin exchange-traded fund (ETF) now have an alternative a Bitcoin ETN.

The introduction of BTC ETN trading capability in the United States could be seen as a soft opening for the much sought after Bitcoin exchange-traded fund (ETF). In which the SEC has far remained unmoved in its reticence concerning issuing approval for any BTC ETF.

Swedish company XBT Provider, a subsidiary of UK-based company Global Advisors Limited, has created an exchange-traded note (ETN) called ‘Bitcoin Tracker One’ that can be traded directly with U.S. dollars via the ticker CXBTF.  It started trading on the Nasdaq Stockholm exchange in 2015.

According to Bloomberg, starting Wednesday American investors will now have access to Bitcoin Tracker One, and BTC ETN.

Fundstrat’s Thomas Lee announced his excitement at the new listing via Twitter and pointed out the better return on investment.

Read More: https://news.bitzamp.com/a-new-door-opens-for-us-investors-as-they-get-exposure-to-bitcoin-etn-and-forgets-bitcoin-etf/