Deutsche Börse welcomes Virtune as new crypto ETN issuer on Xetra
Deutsche Börse welcomes Virtune as new crypto ETN issuer on Xetra
Since Friday, the first crypto exchange-traded note from Virtune has been tradable on Xetra and Börse Frankfurt.
The Virtune XRP ETP offers easy access to the Ripple (XRP) cryptocurrency. XRP is the fourth-largest cryptocurrency in the world with a current market capitalisation of around US$130 billion. The product is fully collateralised by the cryptocurrency and is held in trust by a custodian, who physically holds 100 per cent of it for investors.
Investors can participate in the performance of cryptocurrencies by means of crypto ETNs without having to set up crypto wallets or use unregulated crypto trading venues.
Name | Asset class | ISIN | Ongoing charges | Distribution policy |
Virtune XRP ETP | Crypto ETN | SE0021486156 | 1.49% | accumulating |
The product offering in Deutsche Börse's ETF & ETP segment currently comprises a total of 2,435 ETFs, 202 ETCs and 258 ETNs. With this selection and an average monthly trading volume of around €23 billion, Xetra is the leading trading venue for ETFs and ETPs in Europe.