New crypto ETN from CoinShares on Xetra: access to the cryptocurrency Cardano with staking rewards

Since Friday, another crypto ETN issued by CoinShares is tradable on Xetra and via Börse Frankfurt.

The new exchange-traded note (ETN) from CoinShares gives investors access to the cryptocurrency Cardano. The ETN is physically backed by the cryptocurrency and is centrally cleared in trading by Deutsche Börse Group’s central counterparty, Eurex Clearing AG.

In addition, the ETN offers investors the opportunity to participate in further returns. For this purpose, the cryptocurrency Cardano is deposited on the blockchain for the validation of transactions to receive a reward in the corresponding cryptocurrency in return. For the CoinShares Physical Staked Cardano, this reward is 3 per cent per annum. In addition, CoinShares has reduced the management fee to 0.0 per cent per annum.

NameAsset classISINManagement fee/Staking RewardCrypto currency
CoinShares Physical Staked CardanoETNGB00BNRRF6590 per cent/3 per centCardano

The crypto ETN offering on Xetra now comprises 43 products from ten 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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Carola Dürer

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Published on March 11, 2022

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