Bitcoin (BTC) ETNs Owner Mulls New Crypto Exchange‐Traded Products


Swedish XBT Provider, which owns several virtual coin‐based financial instruments on the NASDAQ Stockholm stock exchange, has announced a plan for a new basket of cryptocurrency exchange‐traded products (ETPs) and new markets, Bloomberg reported on Sunday. The decision came a week after the US Securities and Exchange Commission (SEC) temporarily suspended trading of two of the company’s main products, the exchange‐traded notes (ETNs) Bitcoin Tracker One and Ether Tracker One.

XBT Provider did not reveal more details about the upcoming ETPs. The new instruments will include five to ten virtual currencies because the market is looking for ‘blended exposure’ to cryptos, the company’s CEO Laurent Kssi told Bloomberg. They will be launched in Sweden at the end of the year.

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