New crypto ETNs: Bitcoin

欧洲期货交易所Eurex
04-30

ETC Group expands its range of physically deposited Bitcoin trackers.  

25 April 2024, FRANKFURT (Börse Frankfurt). A new crypto exchange-traded note (ETN) from ETC Group has been tradable on Xetra and Börse Frankfurt since Thursday.   The new ETN enables investors to gain cost-effective exposure to the cryptocurrency Bitcoin. The institutional CME CF Bitcoin Reference Rate (BRR) serves as the reference market for the Bitcoin spot price.   The ETN is physically collateralized and admitted to the Regulated Market of the Frankfurt Stock Exchange. Thanks to central clearing, investors also benefit from significantly reduced risks in the settlement of transactions.   The ETN can be traded in either euros or US dollars using the corresponding Xetra abbreviation.

All crypto ETNs tradable on Xetra are physically collateralized 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. Thanks to central clearing, institutional investors in particular 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 2,157 ETFs, 191 ETCs and 239 ETNs. With this selection and an average monthly trading volume of more than €15 billion, Xetra is the leading trading venue for ETFs and ETPs in Europe.

25 April 2024, © Deutsche Börse AG

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