Access to Bitcoin performance with physical collateralisation
Since Monday, a cryptocurrency product from issuer Eqonex Investment Products has been tradable on Xetra and via the Frankfurt Stock Exchange trading venue for the first time.
The Eqonex BTC Tracker is a debt security that tracks the performance of the cryptocurrency Bitcoin and is secured by physically deposited Bitcoin. This gives investors easy access to the cryptocurrency Bitcoin without having to own crypto wallets. Through central clearing, investors also benefit from the significant reduction of risks in the settlement of their transactions.
|Name||Asset class||ISIN||Management fee||Crypto currency|
|Eqonex BTC Tracker||Crypto ETN||DE000A3KYMQ2||0.89 per cent||Bitcoin|
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,883 ETFs and 381 ETPs. With this selection and an average monthly trading volume of around €19 billion, Xetra is the leading trading venue for ETFs in Europe.