Bitcoin Tracker One ETN Starts Trading on Nasdaq Stockholm

A few weeks back, Bitcoin Tracker One was authorized to be the first bitcoin-based security available for trading on a regulated exchange. Its exchange-traded note (ETN) is now being traded on Nasdaq Stockholm. "NASDAQ OMX Stockholm decides to officially list 1 Exchange Traded Note issued by XBT Provider AB with effect from 2015-05-18," XBT Provider AB announced. "We are proud to offer the world's first "Bitcoin tracker" to be traded on a regulated exchange." XBT Provider AB is a public limited liability company formed in Sweden and incorporated under Swedish law, with statutory seat in....

The disappearing distances between the Bitcoin and mainstream finance markets were further noticed when Stockholm's finance watchdog Finansinspektionen agreed to bring Bitcoin Tracker One - a Bitcoin-based security - on a local regulated exchange; thereby enabling the digital currency's entry into Sweden's NASDAQ. Following the authorization by the concerned authority, Bitcoin Tracker One ended up becoming the first digital currency-based security to have been launched on a NASDAQ regulated exchange. It is created by the Stockholm's leading Bitcoin trading firm XBT Provider. According to....

XBT Provider AB announced today the authorization of Bitcoin Tracker One, the first bitcoin-based security available on a regulated exchange, Bloomberg reports. Bitcoin Tracker One is an "Exchange Traded Note" (ETN) designed to provide investors with convenient access to the returns of the underlying asset, U. S. dollar (USD) per bitcoin, less investor fees. Bitcoin Tracker One is authorized by Sweden's financial supervisory authority, and will be admitted to trading on Nasdaq Stockholm. The average dollar exchange rate of bitcoin from the most liquid exchanges provides the underlying....

Monday morning was another watershed moment in Bitcoin history as the digital currency broke new ground in Sweden. Finansinspektionen, Sweden's controlling authority for finance, gave permissions for Stockholm's own Bitcoin-based tracker XBT Provider to be released in a public launch last month on the Nasdaq Stockholm exchange. Trading on the exchange began this morning. World's First Bitcoin Security on a Regulated Exchange. This new venture is the work of Swedish firm KnC Miner AB, a company that has generated $75 million of working capital since opening in 2013, and creating a new data....

Bringing Bitcoin to major financial exchanges has proven to be quite fruitful for the adoption of virtual currency. Various Bitcoin ETF’s are in the process of launching on Nasdaq, but the European counterpart — called Nasdaq Nordic — might beat them to the punch. If XBT Provider has a say in the matter, they will launch Bitcoin Tracker EUR on Nasdaq....