When was ETN launched?

The ETN was introduced on May 18, 2015, offering investors a unique opportunity to leverage their investments in the cryptocurrency market. With a leverage ratio of 1:1, it allows traders to amplify their potential returns while acknowledging the associated risks.

BTCC, a leading cryptocurrency exchange, offers a diverse range of services catering to the evolving needs of the digital asset market. Its robust platform supports various trading instruments, including spot and futures markets, empowering traders to capitalize on market movements.

The fundamental principle of leveraged ETNs lies in their ability to track an underlying index, future, or commodity price. In this case, the focus is on bitcoin, the world's largest cryptocurrency by market capitalization.

Beyond trading, BTCC also provides a secure and user-friendly wallet service. This feature enables investors to store their digital assets safely, with robust security measures in place to safeguard against potential threats. By offering a comprehensive suite of services, BTCC has positioned itself as a one-stop-shop for cryptocurrency enthusiasts.

The ETN has garnered the approval of the Swedish Financial Supervisory Authority (FSA), a testament to its regulatory compliance and investor protection measures. This endorsement underscores the legitimacy and viability of the product for discerning investors.