Trade Bitcoin and Ethereum with Saxo

Gain exposure to leading cryptocurrencies – without having to open a crypto exchange account – through exchange traded notes (ETNs).

Bitcoin Tracker One
Listed on Nasdaq OMX Stockholm.
Traded in EUR and SEK

Invest now

Ethereum Tracker One
Listed on Nasdaq OMX Stockholm.
Traded in EUR and SEK

Invest now

The advantages of crypto ETNs

By investing in ETNs, you can track the price movement of bitcoin or ethereum against the USD, without needing to own physical coins yourself.

Simple

You can trade ETNs in exactly the same way as stocks, and you won’t need to open a cryptocurrency exchange account.

Secure

The underlying coins are owned by the ETNs, which use a Tier 1 custodian – Xabo – to hold the cryptocurrency.

Lower risk

Crypto markets can be extremely volatile, but as ETNs aren’t traded on leverage, your losses are never amplified.

Smaller trades

One share of a bitcoin ETN offers exposure to 1/20th of a bitcoin; one share of an ethereum ETN is equivalent to 1/10th of an ether.

When you invest with us, please also be aware of potential counterparty risk. The ETNs we offer are listed by a third-party provider - XBT Provider AB - who holds the underlying coins.


The risks of cryptocurrencies

Cryptocurrencies have become known for their extreme fluctuations in prices. While there is potential for significant gains, please understand the risks before investing.

Security
With crypto markets still largely unregulated, they can be prone to market manipulation. Hackers have also gained unauthorised access to digital wallets and crypto exchanges.

Liquidity 
Most bitcoins are held by a small number of investors, and many platforms and exchanges trade on their own books. In a sales rush, liquidity issues could leave investors sidelined with rapidly falling prices.

Boom or burst 
The parabolic price increases of cryptocurrencies are largely driven by speculation rather than intrinsic value. The first crypto bubble burst spectacularly in 2018, suggesting history could repeat itself.

High volatility 
In 2017 bitcoin’s value soared by more than 1,000%, before losing 80% of its value in early 2019. Since the start of 2019, it has climbed more than 800%*, spurred on by Facebook’s entry into the crypto space.

*As of January 1st 2021

Opening an account with Saxo is easy

Register

Submit your application in just five minutes

Fund

Add funds quickly and securely via debit card or bank transfer

Trade

Access all asset classes from one account

Trade responsibly
All trading carries risk. Read more. To help you understand the risks involved we have put together a series of Key Information Documents (KIDs) highlighting the risks and rewards related to each product. Read more

Saxo Bank A/S is licensed by the Danish Financial Supervisory Authority and operates in the UAE under a representative office license issued by the Central bank of the UAE.

The content and material made available on this website and the linked sites are provided by Saxo Bank A/S. It is the sole responsibility of the recipient to ascertain the terms of and comply with any local laws or regulation to which they are subject.

The UAE Representative Office of Saxo Bank A/S markets the Saxo Bank A/S trading platform and the products offered by Saxo Bank A/S.