From today, Exchange Traded Notes come up with the issuing of 21Shares, along with the ETC Group on cryptos like Ethereum and Bitcoin Cash. They are now available for investors on Xetra for the very first time.
Along with this move, Deutsche Borse is now expanding its range of innovative and centrally cleared ETNs cryptos. All these new products are physically backed and comes with a listing on the Regulates Market for Frankfurt Stock Exchange.
Stephen Kraus, the Head of Deutsche Borse’s ETF segment, said that cryptocurrencies are rapidly growing and becoming a market segment. With the expansion of Ethereum and Bitcoin Cash, they are now offering better investment opportunities for trade crypto products. The products are efficiently regulating the on-exchange environment. It implies that the investors are no longer need to turn towards unregulated crypto venues or set up for their crypto wallets.
Here is what he exactly said: “Cryptocurrencies are a rapidly growing market segment. With the expansion to Ethereum and Bitcoin Cash, we are now offering further investment opportunities to trade crypto products efficiently in a regulated on-exchange environment. This means investors no longer have to turn to unregulated crypto venues or set up their crypto wallets.”
According to him, the central clearing of products is significantly reducing the risk of settlement. Thus, it is enabling many professional investors to invest in crypto products. This clearing is going to be handled by Eurex Clearing with the central counterparty of Deutsche Borse Group.
Deutsche Borse came up with the launching of the world’s first centrally cleared Bitcoin ETN on Xetra. This product is now being heavily traded with both private and institutional investors. It is recently the highest volume of product in the segment of ETF and ETP on Xetra for some days.
This product offering by Deutsche Borse’s ETF and ETP segment currently consists of a total of 1639 ETF with 202 ETCs and ETNs. With the selection and average monthly trading, this volume is near about 16.5 billion euros. Xetra is serving as the leading trading venue for ETFs and ETPs in Europe.