Sweden Launches Fully-Regulated Bitcoin ETN for US Investors

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With emerging regulations coming into place, institutional solutions to cryptocurrency investing are on the rise. Launched Aug. 15, U.S. investors are now able to invest in a fully-regulated Bitcoin ETN. Big Win for Bitcoin, Crypto Crowds Wall Street XBT Provider AB has released an exchange-traded note (ETN), called Bitcoin Tracker One, to U.S. investors, reports Bloomberg. XBT Provider AB is a majority-owned subsidiary of CoinShares Holdings Ltd. Initially launched in 2015, Bitcoin Tracker One (CXBTF) is listed on the Nasdaq Stockholm Exchange and was previously only available for trading in euros and the Swedish krona. The Bitcoin ETN is now quoted in U.S. dollars, making it available to American investors. Similar to buying an American depositary receipt, traders can purchase Bitcoin Tracker One as a foreign-listed asset available for exchange in U.S. dollars. In an interview with Bloomberg, Ryan Radloff, CEO of CoinShares Holdings, said: “Everyone that’s investing in dollars