Deutsche Börse welcomes 21Shares as new issuer

Release date: 02 Jul 2020 | Deutsche Börse Cash Market

Deutsche Börse welcomes 21Shares as new issuer

New crypto ETN offers easy access to Bitcoin

Since Thursday, the first cryptocurrency product issued by 21Shares has been tradable on Xetra and Börse Frankfurt.

With the 21Shares Bitcoin ETP, investors can participate in the performance of the cryptocurrency Bitcoin. The Exchange Traded Note (ETN) is physically backed by Bitcoin and has been admitted to the Regulated Market of the Frankfurt Stock Exchange. The ETN is centrally cleared via Eurex Clearing. Central clearing allows investors to benefit from significantly reduced risks in the settlement of transactions.

“With 21Shares, we gained a further innovative issuer for our segment. The listing expands our range of centrally cleared crypto products and offers an alternative to trading on unregulated crypto venues,” said Martin Reck, Managing Director Cash Market of Deutsche Börse.

Laurent Kssis, Managing Director at 21Shares AG says: “With the listing of our Bitcoin ETP on Xetra, we now want reach out to institutional investors Europe-wide. We are delighted, to give investors access to the best performing asset class of the last decade and we believe going forward bringing more innovation, through our simple, transparent, and regulated crypto ETP product suite.”


Name

Asset class

ISIN

Ongoing charges

Reference market

21Shares Bitcoin ETP

ETN

CH0454664001

1.49 per cent

Bitcoin

The product offering in Deutsche Börse's ETF and ETP segment currently comprises a total of 1,568 ETFs and 191 ETCs and ETNs. With this selection and an average monthly trading volume of around €13 billion, Xetra is the leading trading venue for ETFs and ETPs in Europe.



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