Deutsche Boerse’s Digital Stock Exchange Now Provides Exposure to Bitcoin via 21Shares’ ETP

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Wed, 07/01/2020 - 07:30
Alex Dovbnya
Deutsche Boerse’s Xetra digital stock exchange lists 21Shares' Bitcoin exchange-traded product (ETP)
Cover image via stock.adobe.com
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Deutsche Boerse’s Xetra has listed a Bitcoin exchange-traded product (ETP) offered by Swiss-headquartered 21Shares, according to a recent press release.   

The Frankfurt-based exchange is responsible for 95 percent of all stock trading in Germany.

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21Shares strengthens its presence in Germany   

It’s worth mentioning that the company ventured into Germany with its January listing on Boerse Stuttgart when it was still Amun AG.     

The rebranding into 21Shares happened back in March to reflect its financial business (and the fact that only 21 mln Bitcoins can be in circulation).    

21Shares’ managing director Laurent Kssis claims the addition of its product to Xetra has solidified the company’s position in Germany and Europe. 

‘The listing on Xetra not only strengthens our current position in Germany but also opens up institutional-grade crypto products to the wider European and international markets. We look forward to bringing more novel asset classes to more demanding investors. Crypto is now ever more easy to access.’

London-based ETC Group also launched its Bitcoin Exchange Traded Crypto (BTCE) back in June.

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11 crypto ETPs 

21Shares now has a suite of 11 cryptocurrency ETPs under its belt, with $60 million of combined assets under management.

ETPs are traded like ordinary shares that track the price of Bitcoin, but it’s important to differentiate them from more rigorously regulated exchange-traded funds (ETFs).

Apart from some distinctions in their legal structure, ETPs are always fully pegged to the value of the underlying asset.   

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.

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