Bulgarian Stock Exchange Launches 8 Crypto ETNs – Finance Bitcoin News - BitcoinEthereumNews.com
Bulgarians can now invest in crypto assets through their countrys stock market. The Bulgarian Stock Exchange has recently launched eight ETNs based on two digital currencies, bitcoin and ethereum, following the example set by leading European platforms that support such products. Crypto-Based ETNs Offered to Bulgarian Investors Bulgarian Stock Exchange (BSE) has started trading crypto instruments tracking the price rates of bitcoin (BTC) and ethereum (ETH). “Investors looking for suitable inovative crypto products may now freely trade in eight crypto exchange-traded notes (ETNs),” according to an anouncement published this past Thursday. With their launch, the Bulgarian stock market follows in the footsteps of major European exchanges such as Deutsche Börse and Euronext, which introduced these instruments two years ago, the BSE noted in the press release. Commenting on the development, BSE Executive Director Prof. Dr. Manyu Moravenov stated: With the new products of BSE International, we meet the increased market interest in crypto instruments. We are pleased to be able today to offer an alternative asset for trading in cryptocurrencies, making the process easier and simpler for all interested investors. The ETNs will allow investors to put money into digital assets without the need to create and own crypto wallets and cryptographic keys, Moravenov elaborated.