Deutsche Börse welcomes nxtAssets as a new crypto ETN issuer on Xetra
Deutsche Börse welcomes nxtAssets as a new crypto ETN issuer on Xetra
Since Wednesday, the first two crypto exchange traded notes of the issuer nxtAssets have been tradable on Xetra and Börse Frankfurt.
With the two ETNs, investors get easy access to the performance of the cryptocurrencies Bitcoin and Ethereum. Both ETNs are physically backed by the underlying cryptocurrencies and are available to investors in the trading currency euro.
The crypto ETNs are admitted to the Regulated Market of the Frankfurt Stock Exchange. Central clearing also allows investors to benefit from significantly reduced risks in the settlement of transactions.
Name | Asset class | ISIN | Management fee | Crypto asset |
nxtAssets bitcoin direct ETP | Crypto ETN | 1 per cent | Bitcoin | |
nxtAssets ethereum direct ETP | Crypto ETN | 1 per cent | Ethereum |
The product offering in Deutsche Börse's ETF & ETP segment currently comprises a total of 2,364 ETFs, 197 ETCs and 253 ETNs. With this selection and an average monthly trading volume of more than €19 billion, Xetra is the leading trading venue for ETFs and ETPs in Europe.