Nasdaq Stockholm has announced that 21Shares has listed its first ii physically backed exchange-traded notes (ETN) on the Swedish trading platform.

The 2 instruments listed, with Bitcoin (BTC) and Ether (ETH) as underlying assets, correspond a new segment for ETNs — a type of unsecured debt security that tracks an underlying index of equities and trades on a major commutation.

According to the annunciation, the new ETNs volition provide investors access to investment opportunities in cryptocurrencies such as Bitcoin and Ether.

Helena Wedin, European caput of exchange-traded products at Nasdaq, said that exchange-traded notes let one to invest in not-traditional avails while maintaining the transparency of a regulated market. She added, "We are happy to launch this new segment at Nasdaq Stockholm with 21Shares as the first issuer."

According to the press release, most traditional banks and brokers allow investors to trade all ETNs listed on Nasdaq Stockholm. This is a first that opens up new possibilities to investors interested in investing in cryptocurrencies but who are uncomfortable doing then on unregulated exchanges.

Related: ETN vs. ETF: Which Is the Investor'southward Dream?

The cryptocurrency marketplace has experienced a steep rise in valuation throughout the previous year. Despite some recent price dips, involvement in cryptocurrencies continues to be high.

One reason for this sustained interest may be the possibility of increased institutional investment in the market. As institutional investment in cryptocurrencies increases, we'll probable see more than products such as ETNs existence listed on regulated exchanges. Every bit reported past Cointelegraph in September, VanEck introduced Solana (SOL) and Polkadot (DOT) ETNs on Deutsche Boerse's Xetra.