Nasdaq Stockholm announced that 21Shares has listed the first two ETNs (ETDs) on its Swedish trading platform.

The two listed instruments, with bitcoin (BTC) and ether (ETH) as their underlying assets, represent a new segment for ETNs, a type of unsecured debt that tracks the underlying index of stocks and trading on a major exchange.

According to the announcement, the new ETNs will provide investors with access to investment opportunities in cryptocurrencies such as Bitcoin and Ether.

Helena Wieden, head of Nasdaq’s European Exchange Products Division, said exchange notes allow investors to invest in unconventional assets while keeping the regulated market open. “We are delighted to launch this new segment at Nasdaq Stockholm with 21Shares as our first issuer,” she added.

According to the press release, most banks and traditional brokers allow investors to trade all ETN accounts listed on Nasdaq Stockholm. This is the first thing that opens up new opportunities for investors who are interested in investing in cryptocurrencies, but do not feel comfortable on unregulated exchanges.

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The cryptocurrency market has experienced a sharp rise in value over the previous year. Despite the recent drop in prices, interest in cryptocurrencies remains high.

One of the reasons for this continued interest may be the possibility of increasing institutional investment in the market. As institutional investment in cryptocurrencies increases, we are likely to see more products like ETNs on regulated exchanges. As Cointelegraph reported in September, VanEck Solana (SOL) and Polkadot (DOT) have both submitted ETNs on Deutsche Boerses Xetra.

Source: CoinTelegraph