Focus: Crypto-ETNs

Crypto ETNs on Xetra: growing variety on a regulated trading venue

Trading in cryptocurrencies is becoming increasingly popular among institutional and private investors. In June 2020, Deutsche Börse became the first exchange worldwide to launch trading in centrally cleared crypto products. Investors now have access to a continuously growing number of ETNs through six providers tracking Bitcoin, Bitcoin Cash, Ethereum and Litecoin. With an average monthly order book turnover of around €1 billion, Deutsche Börse’s Xetra trading venue is the European market leader in crypto ETN trading.

The advantages of Crypto ETNs:

  • As the products are traded on-exchange, investors no longer have to turn to unregulated trading venues to invest in cryptocurrencies. 
  • With Xetra, they can rely on the largest exchange-based ETF trading venue in Europe with an accordingly high level of liquidity and the highest regulatory standards.
  • Investors do not need to set up their own crypto wallets or cryptographic keys because the products are traded on-exchange.
  • Investors also benefit from significantly reduced risks due to central clearing of the trades, handled by Eurex Clearing, Deutsche Börse Group’s central counterparty.

Crypto ETNs on Xetra


Name des Produktes


Emittent


Underlying


ISIN

Xetra Symbol

CoinShares Physical Bitcoin

CoinShares

Bitcoin

GB00BLD4ZL17

BITC

CoinShares Physical Ethereum

CoinShares

Ethereum

GB00BLD4ZM24

CETH

CoinShares Physical Litecoin

CoinShares

Litecoin

GB00BLD4ZP54

CLTC

Iconic Funds Physical Bitcoin ETP

Iconic

Bitcoin

DE000A3GK2N1

XBTI

21Shares Bitcoin ETP

21Shares AG

Bitcoin

CH0454664001

21XB

21Shares Short Bitcoin ETP

21Shares AG

Bitcoin

CH0514065058

21XS

BTCetc - Bitcoin Exchange Traded Crypto

ETC Issuance GmbH

Bitcoin

DE000A27Z304

BTCE

VanEck Vectors Bitcoin ETN

VanEck ETP AG

Bitcoin

DE000A28M8D0

VBTC

WisdomTree Bitcoin

WisdomTree

Bitcoin

GB00BJYDH287

WBIT

21Shares Bitcoin Cash ETP

21Shares AG

Bitcoin Cash

CH0475552201

21XC

21Shares Ethereum ETP

21Shares AG

Ethereum

CH0454664027

21XE

ETHetc – ETC Group Physical Ethereum ETP

ETC Issuance GmbH

Ethereum

DE000A3GMKD7

ZETH

VanEck Vectors Ethereum ETN

VanEck ETP AG

Ethereum

DE000A3GPSP7

VETH

WisdomTree Ethereum

WisdomTree

Ethereum

GB00BJYDH394

WETH

LTCetc - ETC Group Physical Litecoin

ETC Issuance GmbH

Litecoin

DE000A3GN5J9

ELTC

Monthly Crypto ETN order book turnover (in €m)


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