Top stock Fund Europe stock began trading notes on cryptocurrency
Source:
The Largest exchange traded Fund (ETF) Europe NV Flow Traders started to trade the exchange notes on Bitcoin and Ethereum. The company is the world's first openly declared trade exchange-traded notes (ETN) on cryptocurrencies, reports . However, it remains open for one more question – how much we need to wait until the first cryptocurrency ETF?
theETN for Bitcoin and Ether became a reality
The Difference between ETN and ETFs not so much. The first allows you to purchase a share of the Fund owning the assets. But investment in the ETN is more like investing in bonds. Flow Traders are trading the exchange notes on Bitcoin and Ethereum, which were launched by the company XBT Provider in 2015 and 2017 respectively. XBT officially works in Sweden with assets of more than a billion dollars.
News about the cryptocurrency ETN listing on a regulated stock exchange are perhaps the most important since the launch of futures on Bitcoin in 2017. On the other hand, is another wonderful tool for institutional investors to the market.
Many analysts the sharp rise in capitalization of the stock market after the appearance of large investors. Tools like futures, ETN and ETF could be the next important step in the development of the whole industry. ETF on Bitcoin, most likely, to a sharp rise in price of crypto-currencies.
Further the company's strategy said the chief Executive Director of Flow Traders Dennis Dijkstra.
People underestimate the crypt. This is an important thing, it will soon be adjusted. Players of the stock market is much more professional than most people think. On the issue of cryptocurrencies are interested institutional investors. We know this because we get from them are constant requests for cooperation.
And while the ETN at the end of November became a reality, the first ETF on Bitcoin may appear in the near future. While the SEC rejects all requests for the creation of such a Fund.
Top stock Fund Europe stock began trading notes on cryptocurrencies appeared first on Two Bitcoin.
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