Published on October 11th, 2017 | by bitcoin0
Ethereum: The investment product open for trading on NASDAQ exchange
A first-of-its-kind investment product focused on ethereum is now open to investors on the Nasdaq Stockholm exchange.
Announced today, CoinShares, headed by former JPMorgan Chase trader Daniel Masters, is launching an exchange-traded note (ETN) for ether, the cryptocurrency that powers the ethereum blockchain.
Investors in the product can realize their profits (or losses) by selling their ether ETN in the open market.
Still, with the ether ETNs only available on Nasdaq Stockholm, the mechanisms are being exclusively marketed to European investors.
Masters said this is for regulatory reasons, noting that anyone whose brokers had access to Nasdaq Stockholm will still be able to purchase the product.