New crypto ETN from Valour & Bitcoin Suisse on Xetra: access to the basket of leading crypto assets
New crypto ETN from Valour & Bitcoin Suisse on Xetra: access to the basket of leading crypto assets
Since Wednesday, a new crypto ETN from Valour Digital Securities in cooperation with Bitcoin Suisse has been tradable on Xetra and via the trading venue Börse Frankfurt.
The 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETN tracks the performance of the STOXX Digital Asset Blue Chip X Index. This index is currently composed of the following nine leading crypto assets, which are classified as blue chips in terms of quality, activity, robustness, and financial strength: Aave, Bitcoin, Cardano, ChainLink, Cosmos, Ethereum, Polygon, Ripple and Tron.
The weighting of the individual crypto assets is based on market capitalisation, considering a cap of 30 per cent. The ETN, which is physically backed by the individual crypto assets, has been admitted to the Regulated Market of the Frankfurt Stock Exchange and is centrally cleared via Eurex Clearing.
Name | Asset class | ISIN | Management fee | Reference index |
1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip | Crypto ETN | 1.90 per cent | STOXX Digital Asset Blue Chip X 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 Deutsche Börse Group's central counterparty (CCP). Through central clearing, institutional investors in particular also benefit from significantly reduced risks in the settlement of transactions.
The product offering in Deutsche Börse's ETF & ETP segment currently comprises a total of 2,135 ETFs, 191 ETCs and 232 ETNs. With this selection and an average monthly trading volume of around €15 billion, Xetra is the leading trading venue for ETFs and ETPs in Europe.