Since Wednesday, two more crypto ETNs issued by CoinShares are tradable on Xetra and via Börse Frankfurt.
With the two Exchange Traded Notes (ETNs) from CoinShares, investors have easy access to the performance of the cryptocurrencies Chainlink and Uniswap without having to set up crypto wallets and switch to unregulated trading venues. The products are physically collateralised by the respective cryptocurrency and are centrally cleared in trading by Deutsche Börse Group’s central counterparty, Eurex Clearing AG.
|Name||Asset class||ISIN||Management fee||Crypto currency|
|CoinShares Physical Chainlink||ETN||GB00BMWB4910||1.50 per cent||Chainlink|
|CoinShares Physical Uniswap||ETN||GB00BNRRG624||1.50 per cent||Uniswap|
The crypto ETN offering on Xetra now comprises 77 products from ten providers on a total of 20 individual cryptocurrencies and five crypto indices. 20 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 and Xetra are also the market leaders in the trading of crypto ETNs in Europe.