Bitcoin Exchange Product ETN Now Accessible to US Citizens – Cryptovest

Tracker One, an exchange-traded note (ETN) focused on Bitcoin (BTC), is now available in US dollars, enabling US investors to gain exposure to this cryptocurrency investment product. This development comes amid the US Securities and Exchange Commission’s (SEC) consistent rejection of various Bitcoin exchange-traded fund (ETF) proposals. As a result, ETNs are increasingly being considered a viable alternative by crypto investors, including notable figures like Thomas Lee.

Owned by CoinShares, Tracker One has been listed on the NASDAQ Stockholm Exchange since 2015 but has only recently added the option for US dollar transactions. While it operates under Swedish legal jurisdiction, the product can be accessed by investors outside Sweden, particularly as a foreign debt instrument on the US over-the-counter (OTC) market.

Ryan Radloff, the CEO of CoinShares Holdings, highlighted the significance of this development, stating that now anyone investing in US dollars can access these products, which were previously limited to euros or Swedish krona.