Nasdaq Stockholm Lists BTC & ETH Exchange-Traded Notes

The number of digital asset-based exchange-traded products in Europe continues to expand as the next year draws nearer. Recently, Nasdaq Stockholm declared that 21Shares has listed its first two physically backed ETNs on the Swedish trading platform.

The aforementioned instruments listed, with Bitcoin and Ether as underlying assets, represent a new segment for Exchange Traded Notes. Notably, Exchange Traded Notes are a category of unsecured debt security that follows an underlying index of equities and trades on a key exchange.

As per the announcement, the new Exchange Traded Notes will provide investors admittance to investment opportunities in digital assets like BTC and ETH.

The European head of exchange-traded products at Nasdaq, Helena Wedin mentioned that exchange-traded notes permit one to invest in non-traditional assets while preserving the transparency of a regulated market. She further added,

“We are happy to launch this new segment at Nasdaq Stockholm with 21Shares as the first issuer.”

As per the press release, most conventional banks and brokers permit investors to trade all Exchange Traded Notes listed on Nasdaq Stockholm. This is a primary event that opens up new prospects to investors interested in investing in virtual assets but who are not comfortable doing so on unregulated cryptocurrency exchanges.

The digital asset market has faced a steep surge in valuation throughout the last year. In spite of a couple of recent price dips, interest in digital assets continues to be high.