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The Swedish Bitcoin Exchange Traded Fund is Larger than 80% of US ETFs

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According to Eric Balchunas, Senior ETF Analyst for Bloomberg, the Bitcoin Exchange Traded Fund (ETN) is superior at around 80% of the duds: The Bitcoin ETN of Sweden is now bigger and exchanges more than 80% of the American ETFs. It has reached $ 700 million today, while exchanging $ 220 million this week (crazy for Sweden). #BTC

– Eric Balchunas (@EricBalchunas) November 30, 2017

Why is the popularity of Swedish Bitcoin ETN increasing?

XBT Provider, the Bitcoin ETN listed on Nordic Nasdaq, a major Swedish stock exchange, is currently one of three methods of investing in Bitcoin via a strictly regulated market aside from Bitcoin Investment Fund (GBTC) of Grayscale Investment and derivatives, options and Bitcoin futures approved by LedgerX US Commodities and Futures Trading Commission (CFTC)

Earlier this year, billionaire investor and NBA owner in Dallas . Mavericks Mark Cuban revealed at the New Establishment Summit of Vanity Fair in Los Angeles that he has officially invested in Bitcoin via XBT Provider in Sweden.

"It's interesting because there are a lot of assets whose value is just based on supply and demand. There is no intrinsic value because you have no real property rights and no voting rights.You just have the ability to buy and sell these shares.Bitcoin is the same thing. Its value is based on demand .In September, immediately after JPMorgan's CEO, Jamie Dimon, offered an unfounded conviction on Bitcoin, it was revealed that JPMorgan Securities traded Bitcoin on behalf of its customers via depositary accounts on the Nasdaq Nordic, using the supplier Bitcoin Bitcoin XBT

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Prominent investors such as Cuban and large-scale investment firms are limited to invest via stock markets and investment platforms strictly regulated. Therefore, while it is possible for Cuban and other investors to buy Bitcoin with personal savings on Bitcoin brokers and stock exchanges, with a large portfolio, it is difficult to invest directly in Bitcoin.

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Tools for Increasing

Several major Bitcoin brokerages, including the $ 1.6 billion Coinbase company, have launched platforms for institutional and private investors. Coinbase Custody, for example, allows investors to allocate at least $ 10 million in Bitcoin. As Brian Armstrong, CEO of Coinbase, wrote:

"Coinbase Custody is only available to institutional investors with a minimum of $ 10 million in deposits." Armstrong added that Coinbase already stores billions of dollars in deposits. Digital assets on behalf of customers and merchants of the firm.

"We can use as a conservation solution."

Already store billions of dollars worth of "Digital assets on behalf of our customers." We serve thousands of institutions through our GDAX product, the leading digital currency exchange in the United States, "said Armstrong, adding that $ 10 billion in institutional cash expect to be invested in Bitcoin. "According to some estimates, there is $ 10 billion of institutional money waiting to invest in digital currency today. "

After the launch of Bitcoin futures markets by CBOE and CME, two of the world's largest stock market financial markets, the volume of regulated investment instruments Bitcoin such as ETN on Nordic Nasdaq and GBTC will increase, as the demand for the traditional financial market increases over time.

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