Easy access to the performance of Bitcoin Cash / Product with physical collateralisation / Central clearing reduces settlement risks
Since Tuesday, another crypto ETN of ETC Group is tradable on Xetra and Börse Frankfurt.
With BCHetc – ETC Group Physical Bitcoin Cash, ETC Group is expanding its range of crypto exchange traded notes to four products. In addition to Bitcoin, Ethereum and Litecoin, investors now also have a Bitcoin Cash product at their disposal.
This means that investors do not have to set up a separate crypto wallet and can participate in the performance of the cryptocurrency Bitcoin Cash in a simple and cost-effective way. The exchange traded note is physically collateralised by Bitcoin Cash. In addition, investors benefit from significantly reduced risks in the settlement of transactions due to central clearing.
|Name||Asset class||ISIN||Ongoing charges||Reference price|
|BCHetc – ETC Group Physical Bitcoin Cash||ETN||DE000A3GTBU5||1.95 per cent||Bitcoin Cash|
In June last year, Deutsche Börse became the first exchange worldwide to launch trading in centrally cleared crypto products. Investors can now choose from nineteen ETNs from six providers on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Polkadot, Solana and TRON. As a result, investors no longer must turn to unregulated trading venues for investments in cryptocurrencies. With an average monthly order book turnover of around €900 million, Deutsche Burse’s Xetra market is the European market leader in crypto ETN trading.
The product offering in Deutsche Börse’s ETF & ETP segment currently comprises a total of 1,700 ETFs and 217 ETCs and ETNs. With this selection and an average monthly trading volume of around €17 billion, Xetra is the leading trading venue for ETFs and ETPs in Europe.