At least Virtune’s Bitcoin ETP (Exchange Traded Product) is available on Nordnet, and it is physically backed.
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The article below explains how Bitcoin remained surprisingly stable, even though uncertainty related to the situation in Iran is making the markets nervous.
Investors are following the weekend’s negotiations, as a de-escalation of the situation could increase risk appetite. Bitcoin’s stability suggests that some investors already see it as a kind of safe haven, rather than just a volatile crypto. 
On the technical front, Bitcoin is currently pressing against the upper end of its multi-month range. Market participants are laser-focused on the $80,000 level, which has emerged as the decisive psychological and technical barrier for the next phase of the bull market.
“BTC has been in an uptrend during April, but it is coming up to some important high-timeframe levels,” note market analysts. A convincing break and sustained hold above $80,000 would be required to shift the high-timeframe momentum back in favor of the bulls.
Conversely, should the asset face rejection at this level due to negative developments in the diplomatic talks, immediate support is situated in the $72,000 region, with further foundational support identified near $65,000.
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Paywall, but this much can be seen for free:
The market price of the cryptocurrency Bitcoin has risen in recent days to nearly the $80,000 mark, which has not been crossed since January. It is a quiet recovery that is not based on market hype, but rather on the covering of short positions and continuous purchases by one company, Strategy.
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This morning’s social media buzz: Michael Saylor announced yesterday that the company might sell a small amount of Bitcoin to cover dividend payments. The purpose of the sale would also be to “send a message to the market.” Until now, Saylor has declared that the company would never sell its BTC holdings.
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Well, you still can’t really pay bills or dividends with Bitcoin.
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LATEST: White House crypto adviser Patrick Witt says a Strategic Bitcoin Reserve announcement is coming “in the next few weeks.”
The lack of a Strategic Bitcoin Reserve has been the biggest disappointment for many Bitcoin maxis regarding the Trump administration.
I still find it hard to believe that the United States will start buying Bitcoins with tax dollars; instead, the reserve will likely be formed from seized Bitcoins.
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That probably can’t be done, but with the Trump administration, you never really know. However, the best way would be to hoard Bitcoins now while the prices are down. Then, at some point, just announce that the United States has acquired 1,000,000 Bitcoins for the reserve.
That topic was also touched upon yesterday on the Thinking Crypto podcast when Cody Carbone was a guest. He works at the interface of regulatory bodies regarding crypto matters. Apparently, the Trump administration is trying to find/develop some actual means to grow that reserve. Buying directly with tax money might be difficult, but for example, allocating tariff revenue streams to purchase Bitcoin could be possible. Or, for instance, mining in the name of the state. Apparently, the desire is very strong nonetheless.
And in the same discussion, they naturally talked about the Clarity Act and upcoming bills. It is becoming very likely that the Clarity Act will pass this June, or by early autumn at the latest. And the following bills would concern the taxation of cryptos.
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IMO, one major obstacle there is political risk. If a significant investment is made in Bitcoin and the price happens to plummet right before an election, it provides the Democrats with a perfect weapon to attack with.
For example, in the case of Intel, previously granted subsidies were converted into an ownership stake in the company. Even if Intel’s stock price had fallen, that could always have been justified as supporting American jobs, etc. It’s hard to see that as a major political risk.
I doubt the Democrats would challenge a decision to, for instance, acquire more gold for the reserves either, but Bitcoin is a different story.
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Are you referring to these midterms or the next presidential election? Probably not much will have time to happen with that before the midterms, and even if they somehow managed to buy those Bitcoins for the reserve, the price likely wouldn’t fluctuate enough to be used as a weapon. And in the next presidential election, it won’t matter anymore, as Trump will have served his term and both parties will have new candidates. In that sense, it’s quite safe for Trump to push that, and he has nothing but to gain from it.
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Nevertheless, it is still a decision made by a Republican Party president — the rest of the party machinery cannot simply distance itself from it. The cabinets are full of pro-crypto people, and Vance will certainly be a candidate strongly endorsed by Trump in the next election. It’s hard to imagine, at least at this stage, that the final Republican candidate wouldn’t have Trump’s backing.
Personally, I believe that one limiting factor is the political risk associated with that decision. Time will tell if they go through with it regardless, and if so, whether that risk materializes or not.
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