XTB launches crypto ETNs, offering European traders alternative routes to Bitcoin investments amid ETF limitations.

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Publicly traded XTB forex broker reacts to the increasing cryptocurrency trading by introducing three exchange-traded notes (ETNs) in Europe. These ETNs provide European traders another option to invest in digital assets, an alternative to the lack of broader adoption of Bitcoin ETFs.

The bring-in of Bitcoin ETFs has contributed to the surge in the attention cryptocurrencies are receiving from potential investors. Nevertheless, European traders have encountered such problems as not being able to buy these instruments directly.

The Polish broker has come up with two Bitcoin-based ETNs and one ETN on a basket of top ten cryptocurrencies. Through this move, investors can take advantage of broad portfolio strategies utilizing the growing popularity of cryptocurrencies.

From the viewpoint of Filip Kaczmarzyk, a member of the XTB forex broker Management Board, the purpose of the product is to meet investors' requests and demand for crypto investments as new regulations currently halt European ETFs.

The decision by this FSA-regulated broker of its forthcoming product line-up to add ETNs is a clear indication of its strategic focus on adapting to the changing market demands and providing more than just forex CFD trading.

In addition, the year-end plan of this low-spread broker is to expand its products, focusing on passive investments, social trading, and web applications that include AI technology.

This fast-execution broker just published their last financial results for 2023, and it seems they have a persistent growth record as their number of active clients and revenue is increasing.

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