Deutsche Börse is further expanding its offering of crypto exchange traded notes (ETNs) on Xetra: With the ETNs launched today, ETC Group’s crypto offering grows to seven products.
The ETNs on Polkadot, Stellar and Tezos, newly admitted to the Regulated Market of the Frankfurt Stock Exchange, offer easy access to the performance of the respective cryptocurrency, and are fully backed by it.
Investors can trade flexibly per product using the same ISIN in the desired currency. The trading currency can be selected in each case by means of an individually assigned exchange code. With the new trading offer, investors continue to benefit from central clearing of the products and the resulting advantages. These include greater settlement efficiency and the reduction of counterparty risks in trading.
|Name||ISIN||Crypto currency||Xetra Ticker for the |
|DOTetc – ETC Group Physical Polkadot||DE000A3GVKX6||Polkadot||PLKA||PLKB|
|XLMetc – ETC Group Physical Stellar||DE000A3GVK06||Stellar||STLR||STLS|
|XTZetc – ETC Group Physical Tezos||DE000A3GVK14||Tezos||EXTZ||EXTY|
With the new offering, investors have access to 32 crypto ETNs from seven providers on Bitcoin, Bitcoin Cash, Cardano, Ethereum, Litecoin, Polkadot, Solana, Stellar, Tezos and TRON as well as four baskets of cryptocurrencies. With an average monthly order book turnover of around €1 billion, Deutsche Boerse’s Xetra is also the market leader in trading crypto ETNs in Europe.