Trade Bitcoin and Ether through ETNs with Saxo Bank
We offer you access to two Exchange Traded Notes (ETNs) that track the movement of Bitcoin and Ethereum against the USD (BTC/USD and ETH/USD).
Compared to buying and selling actual coins on cryptocurrency exchanges, ETNs offer a number of advantages to investors:
You can buy and sell ETNs just like stocks, without needing to own the physical cryptocurrency or open an exchange account.
The ETNs own the underlying physical coins and aren’t traded on leverage, which would amplify your risk.
Smaller trade size
One Bitcoin ETN share provides exposure to approximately 1/20th of a Bitcoin, while one Ether ETN share provides exposure to approximately 1/10th of Ether.
The ETN trackers use Xapo – a tier 1 custodian – to hold the cryptocurrencies.