Sweden is the first country to offer a regulated exchange-traded note for bitcoin and ether, attracting blockchain companies in need of liquidity. This move could be the beginning of many more countries developing their own cryptocurrency exchanges as new markets open up.
Nasdaq Stockholm has listed two cryptocurrency exchange-traded notes. The “cryptocurrency etf list” is a list of the cryptocurrencies that are being traded on Nasdaq Stockholm.
21Shares has launched its first two physically backed exchange-traded notes (ETNs) on Nasdaq Stockholm, according to the Swedish trading platform.
The two instruments described constitute a new sector for ETNs, which are unsecured debt securities that follow an underlying index of equities and trade on a major exchange and include Bitcoin (BTC) and Ether (ETH) as underlying assets.
The new ETNs, according to the statement, would provide investors access to cryptocurrency investment options such as Bitcoin and Ether.
Exchange-traded notes, according to Helena Wedin, Nasdaq’s European head of exchange traded products, enable investors to participate in non-traditional assets while keeping the transparency of a regulated market. “We are pleased to debut this new sector at Nasdaq Stockholm with 21Shares as the first issuer,” she continues.
Most conventional banks and brokers, according to the news release, enable investors to trade all ETNs listed on Nasdaq Stockholm. This is a first, opening up new options for those who want to engage in cryptocurrencies but are hesitant to do so on unregulated exchanges.
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Throughout the preceding year, the cryptocurrency market saw a significant increase in value. Despite recent price drops, there is still a lot of interest in cryptocurrencies.
The likelihood of more institutional participation in the market might be one explanation for the ongoing interest. As institutional interest in cryptocurrency grows, more products like ETNs will likely be offered on regulated exchanges. VanEck launched Solana and Polkadot ETNs on Deutsche Boerse’s Xetra, as Cointelegraph revealed in September.
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