ETN could be the new way for investors?
Bitcoin-based ETN (exchange traded note) which is listed on Nasdaq Stockholm exchange is being quoted in dollars since Wednesday, under the ticker CXBTF.
CEO of CoinShares Holdings, Ryan Radloff 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. Given the current climate on the regulatory front in the U.S., this is a big win for Bitcoin,❞
Working out the difference between ETN & ETF
• ETNs are close cousins to ETFs (exchange traded funds), but there are some key differences.
• ETNs are structured products that are issued as senior debt notes, while ETFs represent a stake in an underlying commodity.
• ETNs are more like bonds in that they are unsecured. ETFs provide investments into a fund that holds the assets it tracks, like stocks, bonds or gold.
Image: Google.com
Source: Cryptonews
Edited by: akintech9