Deutsche Börse Atts Crypto ETNs
Posted by Colin Lambert. Last updated: September 23, 2021
Deutsche Börse has expanded its offering of centrally-cleared crypto exchange-traded notes with the addition of six new ETNs on cryptocurrencies from 21Shares.
The new ETNs are tradable via the exchange group’s Xetra and Börse Frankfurt platforms and offer investors access to the performance of Cardano, Stellar and Tezos, as well as a crypto basket index for the first time.
The crypto index tracks the performance of a basket of cryptocurrencies currently consisting of Bitcoin, Polkadot, Ethereum, Cosmos and Cardano. In addition, two ETNs enable participation in the performance of Polkadot and Solana. All the ETNs are backed by the respective cryptocurrency.
With the expansion of the product offering, Deutsche Börse says investors benefit from efficient trading of additional cryptocurrency ETNs without having to switch to unregulated crypto trading venues or set up crypto wallets. All ETNs are centrally cleared by Eurex Clearing, the group’s central counterparty.
The release means Deutsche Börse now supports 25 crypto ETNs from six issuers on 10 cryptocurrencies and a crypto basket index. The exchange groups says average monthly order book turnover is €900 million.