Exchange Traded Notes (ETNs) issued by 21Shares and ETC Group on the cryptocurrencies Ethereum and Bitcoin Cash have become available to investors on Xetra.
It comes as Deutsche Börse grows its range of innovative, centrally cleared crypto ETNs, with its latest products being physically backed and listed on the Regulated Market of the Frankfurt Stock Exchange.
Stephan Kraus, Head of Deutsche Börse’s ETF segment commented: “Cryptocurrencies are a rapidly growing market segment. With the expansion to Ethereum and Bitcoin Cash, we are now offering further investment opportunities to trade crypto products efficiently in a regulated on-exchange environment. This means investors no longer have to turn to unregulated crypto venues or set up their own crypto wallets.”
“Central clearing of the products significantly reduces the settlement risks and thus enables many professional investors to invest in crypto products.”
Last June, Deutsche Börse launched the world’s first centrally cleared Bitcoin ETN on Xetra. The product has been heavily traded by both private and institutional investors and was recently the highest-volume product in the ETF & ETP segment on Xetra for some days.