New ETNs from CoinShares on Xetra track performance of cryptocurrencies including staking rewards

Release date: 26 Jan 2022 | Deutsche Börse Cash Market

New ETNs from CoinShares on Xetra track performance of cryptocurrencies including staking rewards ETNs on Polkadot and Tezos tradable in the trading currencies euro and US dollar

Since Wednesday, two more crypto ETNs issued by CoinShares are tradable on Xetra and Börse Frankfurt.

With the two Exchange Traded Notes (ETNs) from CoinShares, investors have easy access to the performance of the cryptocurrencies Polkadot and Tezos without having to set up crypto wallets. The products are physically collateralised by the respective cryptocurrency and are centrally cleared in trading by Deutsche Börse Group's central counterparty, Eurex Clearing AG.

In addition, the ETNs offer investors the opportunity to participate in further returns by staking the respective cryptocurrency. For this purpose, the cryptocurrency is deposited on the blockchain for the validation of transactions to receive a premium in the respective cryptocurrency in return. For the CoinShares Physical Staked Polkadot, this premium is 5 per cent, for the CoinShares Physical Staked Tezos it is 3 per cent per year. Furthermore, CoinShares has reduced the management fee to 0.0 per cent per year for the two ETNs.

Investors can trade the new ETNs in the trading currencies euro and US dollar on Xetra. Both trading currencies are listed under the same ISIN and can be selected by the respective exchange code.

Name

ISIN

Crypto currency

Xetra Ticker for the
trading currency

EUR

USD

CoinShares Physical Staked Polkadot

GB00BNRRFW10


Polkadot

CDOT

CDOU

CoinShares Physical Staked Tezos

GB00BMWB4803


Tezos

XTZS

XTZT

With the new offering, investors now have access to 38 crypto ETNs from eight providers on Bitcoin, Bitcoin Cash, Cardano, Ethereum, Litecoin, Polkadot, Solana, Stellar, Tezos and TRON as well as four baskets of cryptocurrencies. With an average monthly order book turnover of around €1 billion, Deutsche Boerse’s Xetra is also the market leader in trading crypto ETNs in Europe.

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