First crypto ETN launched by Fidelity on Xetra

Physically backed ETN tracks performance of Bitcoin

Since Tuesday, a crypto ETN issued by Fidelity has been tradable on Xetra and Börse Frankfurt for the first time.

The Fidelity Physical Bitcoin ETP gives investors simple and efficient access to the performance of Bitcoin, the largest cryptocurrency by market capitalisation. The ETN is physically backed by Bitcoin and listed in the Regulated Market of the Frankfurt Stock Exchange.

NameAsset classISINOngoing chargesReference price
Fidelity Physical Bitcoin ETPCrypto ETNXS2434891219 0.75 per centBitcoin

The crypto ETN offering on Xetra now comprises 40 products from nine providers. The ETNs relate to the cryptocurrencies Bitcoin, Bitcoin Cash, Cardano, Ethereum, Litecoin, Polkadot, Solana, Stellar, Tezos and TRON as well as five baskets of cryptocurrencies. Investors can participate in the performance of cryptocurrencies through crypto ETNs without having to set up crypto wallets or use unregulated crypto trading venues.

All crypto ETNs on Xetra are centrally cleared by Eurex Clearing AG as Deutsche Börse Group’s central counterparty (CCP). Investors thus benefit from significantly reduced risks in the settlement of trades. With an average monthly order book turnover of around €1 billion, Deutsche Börse and Xetra are also the market leaders in the trading of crypto ETNs in Europe.

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Published on February 15, 2022

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