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.
You can trade ETNs in exactly the same way as stocks, and you won’t need to open a cryptocurrency exchange account.
The underlying coins are owned by the ETNs, which use a Tier 1 custodian – Xabo – to hold the cryptocurrency.
Crypto markets can be extremely volatile, but as ETNs aren’t traded on leverage, your losses are never amplified.
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.
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.
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.
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
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