Ether ETNs now trading on Nasdaq Stockholm

The issuer of the world’s first bitcoin exchange-traded notes (ETN) announced this week that the first Ether ETNs are now available for trading on Nasdaq Stockholm.

The announcement comes after many requests from investors, XBT Provider by CoinShares‘ Laurent Kssis said.

Laurent Kssis

“The listing of these two Ether ETNs is a major win for European investors who have been requesting these products for over a year now. As of today, if investors want hassle-free exposure to the price movements of ether, they simply call their broker or trade on their normal brokerage platform – that’s truly remarkable.”

The new ETNs are named CORINTH and COINETHE and respectively denominated in SEK and EUR. They are designed to track ether’s price as determined by an index rate made up of the daily average of the three most liquid of a select group of exchanges.

“We are happy to be able to provide investors with this new investment opportunity,” NASDAQ’s head of ETP services Europe Helena Wedin said. “Given the high interest we have experienced for the previous listings from XBT Provider it is exciting to now expand the offering into this unique exchange traded certificate.

“While it is important to acknowledge that exposure to an asset in its early stage of development, such as a digital currency, comes with a risk, trading Ether on Nasdaq Stockholm provides investors with the protection provided by a regulated infrastructure, well-known marketplace and accessibility through their ordinary brokers.”

“Today is a historical moment for Ethereum and ether as an asset; and for the future of crypto-assets,” CoinShares co-principal Ryan Radloff said. “It was a little over two years ago that the bitcoin ETNs began trading – offering investors exposure to bitcoin via an established exchange for the first time. Today, we are able to bring ether to the market and mark another major first. It is important to remember how far and how fast the space has matured in the less than eight years since this revolution began.”

CoinShares now represents six professional grade crypto-investment vehicles.

“We’ve stated before that as a group, CoinShares is committed to delivering world-class research and professional-grade access to crypto-assets,” CoinShares co-principal Daniel Masters said. “Today marks a critical step in delivering on that mission. This launch is the result of a tremendous amount of hard-work from the CoinShares team, key partners and our counterparts at Nasdaq.”

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