"Bitcoin through the clouds; reaches historic highs."

Bitcoin marked another historic high. The price of the most popular cryptomoney on the market was at $4,548.57 per unit, after climbing to $4,640.04 during the session. This year, the virtual currency (which has a market value of $77.14 billion dollars) accrues a yield of 371 percent. Yesterday, Saxo Bank added two Exchange Traded Notes (ETN) to its offering available to customers who can now gain exposure to bitcoin.

TNCs were designed to follow the bitcoin movement against the dollar. Bitcoin Tracker One is marketed in Swedish krona and Bitcoin Tracker Euro is traded in euro. Both ETNs are issued by XBT Provider AB and traded on the Nasdaq OMX (Stockholm)", according to an article in The Street. An ETN is a note similar to a bond whose principal follows the performance of a given index. Like all other debt instruments, it represents a promise by the issuer to repay the principal.

But unlike other fixed-income securities, an ETN does not issue any coupon and has no maturity date. On the contrary, the principal will fluctuate depending on the performance of the benchmark, less commissions, according to a morningstar. com article. We have followed the development of cryptomoney and have monitored and commented on its rapid development,"said Claus Nielsen, head of markets at Saxo Bank.