Crypto Markets Rally as US Investors get Exposure to Bitcoin ETN

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Cryptocurrency markets are tentatively posting green numbers again after a disastrous start to August. Has the price just stopped letting blood or is the announcement of a Bitcoin ETN becoming available to US investors driving the minor upswing?Swedish Bitcoin ETN Available to US TradersA lot of this summer’s conversation in the Bitcoin community has been about the many Bitcoin ETFs that have been proposed to the US SEC. Of course, the regulator is yet to approve the much-lauded financial product and voices in the space are now saying that 2019 seems a more reasonable time frame.However, US investors hoping to get exposure to Bitcoin through an established institution needn’t get despondent whilst they wait for what many feel is now inevitable. Starting Wednesday, they can buy Bitcoin exchange-traded notes (ETN).The new product for US investors is called Bitcoin Tracker One. It isn’t a recent development but the ability to