An ETN will allow investors in Bulgaria to start trading crypto instruments that track the price rates of bitcoin and ethereum. Several European exchanges, such as Deutsche Börse and Euronext which introduced these instruments two years ago, now offer crypto related products available for trade. An ETN pays investors at maturity with the full value of the index minus a management fee.
This ETN will allow investors to invest into digital assets and cryptocurrencies but will not allow investors to hold their own private keys. This will give investors an option to have exposure to bitcoin and cryptocurrencies in any type of account including retirement accounts.
This offering comes after Bulgaria’s Finance Minister Asen Vasilev said that Bulgaria is exploring option to facilitate cryptocurrency payments in an interview with Bloomberg. Vasilev sees the crypto payment mechanism to be introduced in the “short to medium term” and added that the executive power in Sofia is discussing the matter with the Bulgarian National Bank and representatives of the country’s crypto industry.
At the BTC Times, we decided to responsibly cover news about altcoins from time to time, provided that we consider them relevant for Bitcoin or interesting for our readers. The goal of these articles will always be to inform, explain, clarify, debunk, and expose, sticking to the objective facts and qualified technical opinions, and never to promote, advertise, or legitimize "coins", "tokens", or other investment propositions.