Bitcoin Tracker One is an Exchange Traded Note quoted in US dollars. It is similar to buying an American depositary receipt. It is not an Exchange Traded Fund (ETF) but an Exchange Traded Note (ETN). Traders will see a foreign-listed asset in U.S. dollars. Bitcoin Track One trades are executed in dollars, but all settlement, clearing, and custody takes place in the Swedish market.
The Bitcoin Tracker One and Grayscale’s Bitcoin Investment Trust are the currently available financial instruments for mimicking the performance of bitcoin without having to actually hold Bitcoin. Holding Bitcoin runs the risk of being hacked.