New crypto ETN by 21Shares on Xetra: basket of five largest crypto assets equally weighted

Release date: 06 Jul 2023 | Deutsche Börse Cash Market

New crypto ETN by 21Shares on Xetra: basket of five largest crypto assets equally weighted

Since Thursday, a new crypto ETN by 21Shares has been tradable on Xetra and via the Börse Frankfurt trading venue

The 21Shares Crypto Basket Equal Weight ETP offers investors the opportunity to participate in the performance of a basket of the five largest crypto stocks by market capitalisation. The following crypto stocks are currently included: Binance Coin, Bitcoin, Cardano, Ethereum, and Ripple. The composition is rebalanced quarterly to 20 per cent per asset.

Name

Asset class

ISIN

Management fee

Index

21Shares Crypto Basket Equal Weight ETP

Crypto ETN

CH1135202161

2.50 per cent

Vinter 21Shares Crypto Basket Equal Weight Index

All crypto ETNs tradable on Xetra are physically collateralised and listed on the Regulated Market of the Frankfurt Stock Exchange. In addition, all crypto ETNs on Xetra are centrally cleared by Eurex Clearing AG as the central counterparty (CCP) of Deutsche Börse Group. Through central clearing, institutional investors additionally benefit from significantly reduced risks when settling transactions.

The product offering in Deutsche Börse’s ETF & ETP segment currently comprises a total of 2,039 ETFs, 186 ETCs and 263 ETNs. With this selection and an average monthly trading volume of around €19 billion, Xetra is the leading trading venue for ETFs and ETPs in Europe.

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