Although investors have yet to see the approval of the long-anticipated Bitcoin ETF, there is now another option that may allow for both traditional investors and institutions to invest through retail brokerage accounts.

As first reported by Bloomberg, retail investors in the US can now purchase an Exchange Traded Note (ETN) called Bitcoin Tracker One under the ticker CXBTF through many traditional brokerage accounts. The ETN has been around since 2015, but until now has only been traded on the Nasdaq Stockholm exchange in Sweden.

The ETN likely won’t act as a replacement for an ETF, but it could allow many traditional individual investors to diversify their portfolio with Bitcoin through the note. The ETN is offered by a company called CoinShares Holdings, whose CEO, Ryan Radloff, recently spoke about the ETN’s introduction to the US, saying:

“Everyone that’s investing in dollars can now get exposure to these products, whereas before, they were only available in euros or Swedish krona…Given the current climate on the regulatory front in the U.S., this is a big win for Bitcoin,” and adding that he does “see this as a competitive product…Our products historically have not traded at a premium and are liquid.”

ETNs are significantly different than ETFs in their structure, the main difference being that ETNs are debt instruments backed by their issuer. Regardless of their structure, an ETN still tracks Bitcoin’s price, and is a better option than the currently available Grayscale Bitcoin Investment Trust, which trades at a major premium over Bitcoin.

The notes are all backed by physical Bitcoin purchased by a subsidiary of CoinShares Holdings. Due to the decrease in Bitcoin’s pricing since the beginning of the year, the notes have lost over 50% of their value.