- New ETNs offer easy access to cryptocurrency performance with physical backing
- Central clearing offers lower risk and more efficient processing
As of today, Exchange Traded Notes (ETNs) from 21Shares and ETC Group on the cryptocurrencies Ethereum and Bitcoin Cash are available to investors on Xetra for the first time. Deutsche Börse is thus expanding its range of innovative, centrally cleared crypto ETNs.
“Cryptocurrencies are a fast-growing market segment. With the addition of Ethereum and Bitcoin Cash, we now offer further investment opportunities to trade crypto products efficiently in a regulated exchange environment. Investors no longer have to turn to unregulated crypto venues or set up their own crypto wallets,” says Stephan Kraus, head of Deutsche Börse’s ETF segment.
“The central clearing of the products significantly reduces the settlement risks and thus enables many professional investors to invest in crypto products,” says Kraus. Clearing is handled by Eurex Clearing, Deutsche Börse Group’s central counterparty.
Last June, Deutsche Börse launched the world’s first centrally cleared Bitcoin ETN on Xetra. The product is heavily traded by both private and institutional investors and was the product with the highest turnover in the ETF & ETP segment on Xetra for a few days.
The product range in Deutsche Börse’s ETF & ETP segment currently comprises a total of 1,639 ETFs and 202 ETCs and ETNs. With this selection and an average monthly trading volume of around EUR 16.5 billion, Xetra is the leading trading venue for ETFs and ETPs in Europe.
Source: Deutsche Boerse
fFirst Ethereum cryptocurrency ETP to be listed on Deutsche Boerse’s XETRA today
We are pleased to announce today (Tuesday, March 9th) the launch of the ETC Group Physical Ethereum ETC (ticker: ZETH) on Deutsche Boerse’s XETRA platform.
The ETC Group Physical Ethereum ETC (Ticker: ZETH) is an exchange-traded cryptocurrency that tracks the price of Ethereum’s ether coin and is listed on Xetra, one of the largest exchanges in Europe, offering investors a safe and liquid way to trade engage the Ether cryptocurrency. ZETH will be the first Ethereum product to be cleared globally by a central counterparty.
ZETH is published by ETC Group and marketed and distributed by HANetf.
Why invest?
An easier way to invest in Ether
Investing in ZETH is as easy as buying shares through your broker or bank. Unlike investing directly in Ether, you don’t have to deal with the technical challenges of setting up a cryptocurrency wallet to store Ether* as your ZETH units are safely stored with your broker or bank. *Investors only need a cryptocurrency wallet if they want to redeem ether
Invest in Ether on a regulated exchange
ZETH’s main listing is on XETRA, one of the largest stock exchanges in Europe. Investors can trade with confidence knowing that all market participants are rigorously vetted and carefully monitored to prevent market abuse, unlike cryptocurrency exchanges, many of which are unregulated. The issuer has partnered with top tier liquidity providers to ensure adequate exchange liquidity and tight spreads.
custody
The issuer stores the ether with the BitGo Trust Company, a secure, regulated custodian specifically designed to store digital assets. Strict KYC and AML standards ensure that the provenance of all cryptocurrencies in custody has been verified.
risks
The value of your investment can go down as well as up and past performance is not a guide to future performance. Cryptocurrencies can be very volatile and your capital is at risk.
Source: ETC Group
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