Nasdaq Stockholm Lists Bitcoin and Ethereum Exchange Traded B | Cryptocurrency Bitcoin NEWS
Nasdaq Stockholm Lists Bitcoin and Ethereum Exchange Traded Bonds
Nasdaq Stockholm announced that 21Shares has placed the first two Physically Backed Exchange Traded Notes (ETNs) on the Swedish trading platform.
These two instruments, whose underlying assets are Bitcoin (BTC) and Ether (ETH), represent a new segment for ETN - a type of unsecured debt security that tracks the underlying stock index and is traded on a major exchange.
According to the announcement, the new ETNs will provide investors with access to investment opportunities in cryptocurrencies (Bitcoin and Ether).
Helena Vedin, head of Europe for exchange-traded products at Nasdaq, said exchange-traded bonds allow investors to invest in non-traditional assets while maintaining transparency in the regulated market.
Most traditional banks and brokers allow investors to trade all ETNs listed on Nasdaq Stockholm, according to the press release. This is the first step that opens up new opportunities for investors interested in investing in cryptocurrencies, but who experience the inconvenience of trading on unregulated exchanges.
Throughout the past year, the cryptocurrency market has experienced a sharp rise in value. Despite the recent drop in prices, interest in cryptocurrencies remains high.
One of the reasons for the sustained interest may be the possibility of increasing institutional investment in this market. As institutional investment in cryptocurrencies grows, we are likely to see more products such as exchange-traded bonds listed on regulated exchanges. VanEck listed the Solana (SOL) and Polkadot (DOT) exchange-traded bonds on Deutsche Boerse's Xetra in September, Cointelegraph reports.
