U.S. Investors Can Now Buy The Swedish Exchange-Traded BTC Note

2018-8-16 13:55

Due to the continuous downfall in its valuations, the cryptocurrency market has failed to keep investors attracted to this space as the euphoria has been at an all-time low. Well, it is quite justifiable that will such a sharp fall in the Bitcoin as well as the entire altcoin sector, investors are not willing to burn their fingers in this falling market.

Moreover, the arrival of regulated investment products like Bitcoin ETF hold little hope for now, and so does the entry of institutional players in the cryptocurrency market. However, there’s still some positive news for the investors who have been eagerly waiting for the Bitcoin ETFs.

Although not exchange-traded-funds, Bitcoin investors will now be able to buy exchange-traded-note starting Wednesday, August 15. Bloomberg reports that the exchange note called as the Bitcoin Tracker One is technically listed and regulated in Sweden and has been quoted in U.S. Dollars under the CXBTF tickers.

The Bitcoin exchange-traded-note (ETN) has been available on the Nasdaq Stockholm exchange since 2015 and now makes inroads in the U.S. crypto markets allowing its local investors to invest in Bitcoin without actually buying them. Ryan Radloff, the chief executive officer of CoinShares Holdings Ltd., the parent of the company that offers the ETN, said:

“Everyone that’s investing in dollars can now get exposure to these products, whereas before, they were only available in euros or Swedish krona.” Continuing, he said, “Given the current climate on the regulatory front in the U.S., this is a big win for Bitcoin.”

Unlike the ETFs, the exchange-traded-notes (ETNs) are debt instruments that are backed by the issuers like the banks. The Bitcoin Tracker One ETN can work as an alternative to Grayscale’s Bitcoin Investment Trust as they trade at a significantly lower rate in comparison to the Greyscale products. Radloff said: “I do see this as a competitive product. Our products historically have not traded at a premium and are liquid.”

The post U.S. Investors Can Now Buy The Swedish Exchange-Traded BTC Note appeared first on CoinSpeaker.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 70869.61 (+0.19%)
Объем 24H $36.508b
Изменеия 24h: 1.75 %, 7d: 4.86 %
Cегодня L: $70430.58 - H: $71286.19
Капитализация $1396.695b Rank 1
Цена в час новости $ 6356.17 (1014.97%)

investors btc bitcoin note exchange-traded swedish buy

Источник: coinspeaker.com

investors btc → Результатов: 126


Swedish ‘Bitcoin Tracker One’ Launched, Allows US Investors to Buy Exchange-Traded BTC Note

Purchase Bitcoin, But Without Purchasing Bitcoin? Bitcoin Tracker One Launches An Exchange-Traded Note The cryptocurrency market has not been secretive about the damage happening in their industry. Hundreds, if not thousands, of tokens have suffered losses that could drive them into the ground, and they are hanging on by a thread. With this kind of […]

2018-8-16 23:09


Bitcoin [BTC] Price Records Gains After Last Week’s Bloodbath- Bull Trap?

Bitcoin is back trading above the $7000 mark today after a week of steep losses. $6850 has effectively acted as support, but with today’s rise being on low volume, the big question is whether this rise will be short-lived or whether it could be the start of the bull market for which traders and investors have […] Bitcoin [BTC] Price Records Gains After Last Week’s Bloodbath- Bull Trap? was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-8-7 16:18


Фото:

Ripple Sees Use-Case Debut As DCEX Becomes First XRP-Based Exchange

Blockchain exchange tech company Alphapoint has announced registration is open for DCEX exchange, the first platform to use the Ripple XRP token as its base currency. DCEX To Open In ‘Coming Weeks’ In a press release July 30, the company announced DCEX, which caters to retail and institutional investors, would commence trading “in the coming weeks.

2018-7-31 19:00


Ethereum [ETH]’s Vitalik Buterin shrugs off need for Bitcoin [BTC] ETFs, market is resilient

The last week was filled with speculation, despair, and relief for Bitcoin [BTC] investors. The market went on a rollercoaster ride on the coattails of ETF speculation. However, even as news of the Winklevoss Twins’ ETF proposal being rejected drove the price down, the market quickly showed resilience and regained past prices. In the light […]

2018-7-31 16:24


Фото:

Gallup Poll: 26% of U.S. Investors ‘Intrigued’ By Bitcoin (BTC)

Bitcoin (BTC)–Potential adoption for the top ranked cryptocurrency by market capitalization looks a whole lot better following the release of a new Gallup poll. Quarter of Investors Interested in Bitcoin On Friday, the results of a Wells Fargo/Gallup poll revealed that while only a small percentage of Americans are currently invested in Bitcoin, over a […] The post Gallup Poll: 26% of U.

2018-7-29 22:42


Фото:

UPDATE: Bitcoin Bulls Push BTC Price Back Above $8200

Bitcoin (BTC)–Investors in cryptocurrency, particularly the original coin BTC, have had an interesting week. While the currency managed to grow nearly 35% over the past two weeks, signaling what appeared to be the end of 2018’s prolonged bear cycle, the run was put to an abrupt halt following news of the Winklevoss twins’ bid for […] The post UPDATE: Bitcoin Bulls Push BTC Price Back Above $8200 appeared first on Ethereum World News.

2018-7-28 22:48


Bitcoin [BTC] still at future regulatory risk? Tom Lee discusses

On July 24th, Fundstrat’s Head of Research, Thomas Lee was featured on CNBC Futures Money for his opinion on the recently charged bull-run by Bitcoin. The market strategy expert discussed the Bitcoin year-end price target, emerging possibilities from the regulators’ end and the institutional investors’ next move in the wake of an ETF. On being asked […]

2018-7-26 02:10


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru