Since Monday, a new crypto ETN issued by ETC Group has been tradable on Xetra and via Börse Frankfurt.
The ETC Group MSCI Digital Assets Select 20 ETP gives investors access to the performance of a portfolio of 20 world-leading digital assets by market capitalisation. These are based on blockchain technology or can support smart contracts. Currently, these are, for example, Bitcoin, Ethereum or Ripple. The proportion of a single value is limited to a maximum of 30 per cent. So-called stablecoins, privacy coins and meme coins are not included in the index.
The ETC can be traded either in euros or US dollars using the individual symbol.
|Name||ISIN||Management fee||Xetra Ticker for the|
|ETC Group MSCI Digital Assets Select 20 ETP||DE000A3G3ZL3||1.49 per cent||DA20|
All crypto ETNs tradable on Xetra are physically collateralised and listed on the Regulated Market of the Frankfurt Stock Exchange. In addition, all crypto ETNs on Xetra are centrally cleared by Eurex Clearing AG as Deutsche Börse Group’s central counterparty (CCP). Through central clearing, institutional investors in particular additionally benefit from significantly reduced risks in the settlement of transactions.
The product offering in Deutsche Börse’s ETF & ETP segment currently comprises a total of 2,047 ETFs, 188 ETCs and 236 ETNs. With this selection and an average monthly trading volume of around €19 billion, Xetra is the leading trading venue for ETFs and ETPs in Europe.