Deutsche Börse welcomes CoinShares as new issuer of crypto ETNs
Deutsche Börse welcomes CoinShares as new issuer of crypto ETNs
Easy access to the performance of Bitcoin, Ethereum & Litecoin / Products with physical collateralisation / Central clearing reduces settlement risks
Since Monday, three cryptocurrency products issued by CoinShares have been tradable via Xetra and Börse Frankfurt for the first time.
The three Exchange Traded Notes (ETNs) from CoinShares give investors easy access to the performance of the digital currencies Bitcoin, Ethereum and Litecoin without having to set up crypto wallets. All three products are physically backed by the respective cryptocurrency and centrally cleared. Through central clearing, investors benefit from significantly reduced risks in the settlement of their transactions.
Name | Asset class | ISIN | Ongoing charges | Reference price |
CoinShares Physical Bitcoin | ETN | GB00BLD4ZL17 | 0.98 per cent | Bitcoin |
CoinShares Physical Ethereum | ETN | GB00BLD4ZM24 | 1.25 per cent | Ethereum |
CoinShares Physical Litecoin | ETN | GB00BLD4ZP54 | 1.50 per cent | Litecoin |
In June last year, Deutsche Börse became the first exchange worldwide to launch trading in centrally cleared crypto products. Investors can now choose from 15 ETNs from six providers on Bitcoin, Bitcoin Cash, Ethereum and Litecoin. As a result, investors no longer have to turn to unregulated trading venues for investments in cryptocurrencies. With an average monthly order book turnover of around one billion euros, Deutsche Börse’s Xetra market is the European market leader in crypto ETN trading.
The product offering in Deutsche Börse's ETF & ETP segment currently comprises a total of 1,651 ETFs and 210 ETCs and ETNs. With this selection and an average monthly trading volume of around €17.5 billion, Xetra is the leading trading venue for ETFs and ETPs in Europe.