Nasdaq Stockholm has announced that 21Shares has listed their first two physically backed exchange-traded notes (ETNs) on the Swedish trading platform. The two instruments listed, with Bitcoin (BTC) and Ether (ETH) as underlying assets, represent a new segment for ETNs — a type of unsecured debt security that tracks an underlying index of equities and trades on a major exchange. According to the announcement, the new ETNs will provide investors access to investment opportunities in cryptocurrencies such as Bitcoin and Ether. Helena Wedin, European head of exchange traded products at Nasdaq, says that exchange-traded notes allow one to invest in …

Cryptocurrencies have quickly emerged as one of the hottest investment vehicles of the past decade, gaining traction first from retail traders, as seen in 2017, and now from institutional investors. From being a domain of bedroom coders to a growing financial sector with over $2 trillion in market capitalization, the crypto space has seen a sudden surge in value and continues to attract huge interest from investors. While crypto assets have proven to be valuable, volatility remains a top concern, especially for institutional players. Sure, any investor can buy some cryptocurrencies and profit from their rising value. However, investing in …

The second Bitcoin (BTC) futures-linked exchange-traded fund in the United States began trading on the Nasdaq, opening at a price of $25.52 per share. According to the Nasdaq, digital asset manager Valkyrie’s Bitcoin Strategy ETF, the second exchange-traded fund allowing U.S. investors direct exposure to cryptocurrency futures, opened at a price of $25.52 per share of BTF before dropping 3.3% to reach $24.66 at the time of publication. The exchange-traded fund is aimed at tracking the value of BTC futures listed on the Chicago Mercantile Exchange, or CME. "This Bitcoin Strategy ETF is a major leap forward for this asset …

The United States Securities and Exchange Commission, or SEC, may soon approve an application from crypto-asset manager Valkyrie for a Bitcoin (BTC) exchange-traded fund, or ETF, with the shares to be listed on the Nasdaq Stock Market. According to an Oct. 15 notice from the SEC, the agency has accepted the registration request for shares of Valkyrie’s Bitcoin Strategy ETF for listing on Nasdaq. In a letter from Nasdaq’s vice president of listing qualifications, Eun Ah Choi — filed the same day — the exchange said Valkyrie’s Bitcoin ETF shares had been certified. Related: New tickers and ARK filing shows …

United States Bitcoin mining company Stronghold Digital Mining will list almost six million shares in an initial public offering (IPO) on the Nasdaq. Stronghold plans to list 5,882,352 Class A common stock shares priced between $16 and $18 under the ticker “SDIG.” Taking the average proposed offering price puts the IPO at around $100 million. The Kennerdell, Pennsylvania-based firm first filed with the Securities and Exchange Commission for a Nasdaq IPO in July. It will fund an almost 900% expansion in capacity in the coming year. The final prospectus has already been filed with the SEC, but it has yet …

The value of MicroStrategy’s massive Bitcoin (BTC) holdings has surpassed what most S&P 500 companies hold in their cash treasuries. The Nasdaq-listed enterprise software firm purchased an additional 5,050 Bitcoin for about $242.9 million, raising the value of its 114,042 BTC holdings to nearly $5.3 billion. That comes out to be higher than what 80% of non-financial S&P 500 companies hold in their cash coffers, as per data compiled by Bloomberg. Cash spending up among corporations MicroStrategy made buying Bitcoin its official corporate strategy in 2020, with its celebrated CEO, Michael Saylor, calling the move a defense against the U.S. …

Coinbase, the largest cryptocurrency exchange in the United States, is planning to raise $1.5 billion via a debt offering, the company officially announced Monday. The Nasdaq-listed crypto exchange is looking to use the capital raised to further grow the company’s balance sheet for general corporate purposes as well as potential investments and acquisitions of other companies, products or technology, Coinbase said. The closing of the offering is subject to market and other conditions, the firm noted. The new raise specifically aims to offer a $1.5-billion aggregate principal amount of the company’s senior notes due 2028 and 2031, which will be …

Tokenized stocks have had a shaky few months from a regulatory perspective, but that seemingly hasnt stopped legacy financial giants and decentralized finance (DeFi) advocates from inking new deals. Bloomberg reported today that Nasdaq, Finnhub and Tiingo will be providing their price feeds to DeFiChain, a DeFi platform built on the Bitcoin network. DeFiChain offers trading in tokenized stocks that correspond to the underlying price of major listed firms such as Tesla, Amazon and Apple. The tokenized stocks, similar to a now-retracted offering rolled out by Binance earlier this year, can be purchased in fractions without requiring investors to purchase …

Coinbase stock rebounded during the early U.S. trading hours on Aug.11 after it beat Wall Street forecasts for sales and revenues in the second quarter. The cost to purchase one COIN share surged 4.7% to $282.34 at the New York opening bell. Later, bids for COIN rose to as high as $294 before pulling back to the current price at $279.72. Strong Q2 earnings for Coinbase Coinbase reported better-than-expected earnings in the second quarter of 2021and a net revenue of $2.3 billion. That came out to be 27% higher than the previous quarter and 1,042% up on a year-over-year basis. …

After making unwanted headlines with its disappointing initial public offering (IPO) debut on Nasdaq last week, shares in stock and cryptocurrency trading app Robinhood have seen wild volatility in recent days. In an ironic twist that saw the price of HOOD stocks soar by as much as 82% in one day, the app that has so often been the beneficiary of frenzied meme stock trading itself began to resemble the latest online craze. Since its debut on Nasdaq on July 29, HOOD is up 102% and is trading at $70.39 at the time of writing, down just slightly from its …

Shares of cryptocurrency-friendly trading app Robinhood dropped more than 8% in its public Nasdaq debut on Thursday, marking one of the worst initial public offering (IPO) debuts of its size. Robinhood’s HOOD stock tumbled 8.4% below the IPO price in the company’s first trading session on Thursday, dropping from $38 to $34.82. The company went public on Nasdaq at a $32 billion valuation to see its market capitalization fall to $29 billion after the HOOD stock ended the session below $35. According to data compiled by Bloomberg, the company’s first trading day marked the worst debut on record among 51 …

Argo Blockchain, a U.K. publicly traded company focused on crypto mining, has begun the process of applying for an initial public offering in the United States. According to a confidential draft registration statement filed Tuesday with the U.S. Securities and Exchange Commission, or SEC, Argo has proposed a dual-listing and initial public offering of American Depositary Shares, expected to occur in the third quarter of 2021. The company said the timing could depend on the SEC completing its review process and other conditions in the market. Argo said the number of shares expected to be offered as well as the …