BlockState’s Crypto ETN launch imminent
Exciting news for European investors, or all those with access to European exchanges. As BlockState’s Co-Founder Paul Claudius revealed in a conversation today, the firm’s first Exchange Traded Note (ETN) is set to launch on a major European exchange by the end of the month.
With the necessary infrastructure built, CTF15 is expected to be the first product of a holistic range of ETNs/ETPs that create access to the crypto ecosystem for retail and institutional investors alike. The CTF 15 is a passive crypto asset investment product that tracks the largest 15 crypto assets, weighted by their market capitalization and rebalanced on a monthly basis. The CTF15 will be easily accessible with an ISIN, and will be fully compliant with EU regulation, e.g. PRIIP.
BlockState also has created a non-profit organization in Switzerland (“Verein”) that will provide industrial-strength pricing information to the investment community. Blockchain’s new ETN will be the first product taking advantage of this infrastructure.
Blockstate itself is expected to be one of the first, if not the first Equity Token Offering (ETO) on Neufund when they list during Q4/2018.
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