Bulgarian Stock Exchange Adds Bitcoin- and Ethereum-Based ETNs to Listing

The Bulgarian Stock Exchange (BSE) added eight ETN based on Bitcoin and Ethereum to its list of tradable instruments. Money.bg reports.

In a press release, the BSE said it was following the example of European exchanges. The initiative is being implemented jointly with Deutsche Börse and market maker Tradegate.

The ETNs comply with regulatory requirements and will allow clients to invest in cryptocurrencies without the need to create and hold keys. The instruments are euro-denominated. Trading takes place during the BSE’s regular session.

“We are responding to the growing market interest in crypto instruments.” — said the head of the exchange, Manyu Moravenov.

According to the publication, earlier finance minister Asen Vasilev said that the country is studying options to implement a crypto-payments mechanism “in the short- and medium-term.” The issue is being discussed with the central bank and industry representatives.

Fidelity International has received a listing for a bitcoin-ETP on two European exchanges.

Subscribe to the ForkLog channel on YouTube!