"World's First Bitcoin Certificate On A Regulated Exchange" ""The first day of trading is expected to be May 18th, 2015."
"After speaking to Nanok about this a minute ago, it seems like this ETN (Exchange-Traded Note) will be fully backed, i.e. every investment will generate a corresponding purchase of BTC on some exchange.
This should push the price up, since hedge funds are finally able to invest in BTC. Yay!!"