New crypto ETN from Hashdex on Xetra: Access to a basket of crypto stocks considering risk parity and momentum

Since Tuesday, a new crypto ETN issued by Hashdex is tradable on Xetra and via Börse Frankfurt.

The Hashdex Crypto Momentum Factor ETP offers investors access to the performance of a basket of the twelve largest cryptocurrencies according to current market capitalisation. Currently, these are the cryptocurrencies Avalanche, Binance Coin, Bitcoin, Carda-no, Cosmos, Ethereum, Polkadot, Polygon, Ripple, Solana, Tron and Uniswap.

The weighting considers both risk parity and momentum score, with the aim of reducing the overall volatility of the crypto basket.

The product is physically collateralised by the digital assets and is centrally cleared via Eurex Clearing. 

NameAsset classISINOngoing chargesReference index
Hashdex Crypto Momentum Factor ETPETNCH12187345441.49 per centVinter Hashdex Crypto Risk Parity Momentum Index

The crypto ETN segment now comprises 95 products from 14 providers on a total of 20 individual cryptocurrencies as well as on 10 crypto indices. 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 the central counterparty (CCP) of Deutsche Börse Group. Through central clearing, institutional investors additionally benefit from significantly reduced risks when settling transactions.  

The product offering in Deutsche Börse’s ETF & ETP segment currently comprises a total of 1,984 ETFs and 432 ETPs. 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.

Published on November 8, 2022

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