Since Friday, another crypto ETN issued by CoinShares is tradable on Xetra and via Börse Frankfurt.
The CoinShares Physical XRP tracks the performance of the cryptocurrency XRP, which is used as a digital means of payment by the Ripple network. CoinShares thus expands its range of crypto ETNs to eight products, all of which are physically backed by the corresponding cryptocurrency and are centrally cleared via Eurex Clearing.
Investors can use the crypto ETNs to participate in the performance of cryptocurrencies without having to set up crypto wallets or resort to unregulated crypto trading venues.
|Name||Asset class||ISIN||Management fee||Crypto currency|
|Coinshares Physical XRP||ETN||GB00BLD4ZN31||1.50 per cent||XRP|
The crypto ETN offering on Xetra now comprises 67 products from ten providers on a total of 20 individual cryptocurrencies and five crypto indices. 19 products can be traded in both euros and US dollars using the same ISIN. The trading currency can be selected in each case through an individually assigned exchange code.
With an average monthly order book turnover of around €1 billion, Deutsche Börse with Xetra is also the market leader in the trading of crypto ETNs in Europe.