New crypto ETN from 21Shares on Xetra: access to the cryptocurrency Bitcoin via new core product family
New crypto ETN from 21Shares on Xetra: access to the cryptocurrency Bitcoin via new core product family
Since Wednesday, a new crypto ETN issued by 21Shares has been tradable on Xetra and via Börse Frankfurt.
With the new Exchange Traded Note (ETN) from 21Shares, investors can take a low-cost exposure to the cryptocurrency Bitcoin. The ETN is physically collateralised, whereby the issuer can enter into lending transactions on the underlying cryptocurrency to ensure low management fees. Any lending transactions will be collateralised and monitored on a daily basis. USD/USDC and Ethereum are accepted by the issuer as collateral for the lending transactions.
Name | Asset class | ISIN | Ongoing charges | Crypto currency |
21Shares Bitcoin Core ETP (CBTC) | ETN | 0.21 per cent | Bitcoin |
The crypto ETN segment now comprises 86 products from twelve providers on a total of 20 individual cryptocurrencies as well as on seven crypto indices. 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.