American investors August 15, you can buy exchange traded notes (ETN) on bitcoin through online brokers, banks or consultants, as reported by the website The Daily Hodl. Although the product from CoinShares called Bitcoin Tracker One (CXBTF) is traded on the Swedish stock exchange Nasdaq Stockholm and is governed by the laws of this country, the listing is now done in US dollars.
This proposal gives investors wary of direct investment in bitcoin, the opportunity to enter the market.
The head of the company CoinShares Holdings Ryan Radloff told Bloomberg:
Now anyone can invest dollars may apply to these products, whereas in the past they were available only in Euro or Swedish crowns. Given the current situation in the us in terms of position regulators, this is a significant victory for bitcoin.
ETN was listed on Nasdaq Stockholm in 2015 and since then it is available to European investors. They can be purchased via XBT Provider, a subsidiary of the company CoinShares buying real bitcoins on behalf of their clients. In exchange traded notes already invested more than $1 billion.
Due to the downturn in the market BitcoinTracker for One year dipped to 50%, but now that a financial instrument has the opportunity to attract new customers and to strengthen its position.
By the way, an American entrepreneur and billionaire mark Cuban said last fall that have invested in bitcoins through ETN.
Meanwhile, the fate of another financial instrument, bitcoin ETF still in limbo: the American Commission on securities and exchange Commission (SEC) promises to make a decision on that application until the end of September. However, some influential members of the cryptocurrency community to claim that the ETF will be more trouble than good.