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Deutsche Börse welcomes CoinShares as new issuer of crypto ETNs

Release date: 07 Jun 2021 | Deutsche Börse

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 chargesReference 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.