NASDAQ Stockholm Exchange Launches Bitcoin and Ethereum ETN Products

The Nasdaq Stockholm Exchange announced that 21Shares has announced the first two ETN products that are physically supported on the Swedish trading platform.

These two new ETN products are based on Bitcoin (BTC) and ETHer (ETH) compliance and represent the new area of ​​ETN products. These are unsecured expenses that track commodities measured and traded on major stock exchanges. .

According to the announcement, the new ETN product will offer investors the opportunity to invest in cryptocurrencies such as BTC and ETH.

Helena Wedin, European head of commodities trading on the Nasdaq exchange, says ETN commodities allow people to invest in real estate is not always the case when managing transparency in corporate governance. industry. He added: "We are very happy to present this new article on Nasdaq Stockholm. 21Shares is the first editor."

According to media reports, most banks and traditional investors allow investors to buy all ETN devices from Nasdaq Stockholm. It is the first step that opens up new potential for investors interested in investing in cryptocurrencies but not in investing in illegal exchanges.

The cryptocurrency market has seen an increase in investment in recent years. Despite recent price drops, interest in cryptocurrencies remains high.

One reason may be that business investment in the industry may increase. As companies increase their investments in crypto, more and more commodities, such as ETN products, will be listed in currency controls. As Cointelegraph reported in September, VanEck listed Solana (SOL) and PolkaDOT (DOT) as ETN products in Xetra by Deutsche Börse.