Forget the Bitcoin ETF, an ETN Already Allows US Investors to Invest in BTC

The Bitcoin ETF has been one of the biggest stories of 2018 in the crypto space. However, a similar product already exists and with it, investors in U.S. markets are able to allocate more funds into the Bitcoin market using normal brokerage accounts. Exchange-Traded Notes (ETNs) in Sweden Over the past several months, nine companies have applied to the U.S. Securities and Exchange Commission (SEC) to operate a Bitcoin exchange-traded fund (ETF) in the U.S. stock market. The Chicago Board Options Exchange (Cboe) and VanEck Bitcoin ETFs are said to have the highest probability of being approved by the SEC by early 2019. ETFs are publicly tradable instruments listed on the stock market, which allows investors to trade assets and commodities with their brokerage accounts. Through ETFs, investors in the stock market can invest in commodities like copper and gold, for example. Investors in the cryptocurrency sector–including BKCM founder

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