Stockholm Stock Exchange launches World First Bitcoin linked note

Stockholm Stock Exchange has today launched a Bitcoin based security that allows investors to speculate on Bitcoins value without physically owning the currency.

The Stockholm Stock Exchange (OMX), owned by NASDAQ, stated the product, Bitcoin Tracker One (short name BITCOIN XBT), is the world’s first Bitcoin Tracker to be traded on a regulated exchange.

The launch follows close on the heels of Grayscale Investments launch of their Bitcoin Investment Trust, an open ended trust invested exclusively in Bitcoin and whose value derives solely from the movement in the Bitcoin market.

Both of these products have beaten to market the long-announced Bitcoin ETF proposed by the Winklevoss Twins, the Winklevoss Bitcoin Trust, which still has not published a launch date.

The tracker will be traded in SEK (Swedish Krona) and is issued by XBT Provider, part of the KNC Group.

2 Comments

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