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There’s Now an Exchange-Traded Bitcoin Note That American Investors Can Buy

  • Swedish exchange-traded note easier for U.S. traders to buy
  • Bitcoin Tracker One similar to an American depositary receipt
Bloomberg business news
Bitcoin ETF Fans Might Find Satisfaction in Sweden

If you want to buy Bitcoin without actually buying Bitcoin, you now have another way to own the controversial digital currency.

No, it’s not the U.S. exchange-traded fund investors have been touting as a catalyst for demand for the embattled virtual money. It’s an exchange-traded note, and starting Wednesday, investors can buy it more easily even though it’s technically listed and regulated in Sweden. The product, called Bitcoin Tracker One, is now quoted in U.S. dollars under the ticker CXBTF, helping brokerages offer it to American investors. It started trading on the Nasdaq Stockholm exchange in 2015.