Deutsche Börse Adds Three New Crypto ETNs via CoinShares

Investors at the German marketplace can now access the performance of Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC).

Deutsche Börse Group, a leading German marketplace organizer for trading shares and other securities, announced on Monday that CoinShares is now a new issuer for three crypto Exchange Traded Notes (ETNs) at its platform. CoinShares Physical Bitcoin, CoinShares Physical Ethereum and CoinShares Physical Litecoin are available for investors via Xetra and Börse Frankfurt.

According to the announcement, traders could have access to the performance of Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) without having to set up a digital wallet. In fact, all three ETNs are physically backed by their respective digital assets and centrally backed, said Deutsche Börse Group. “Through central clearing, investors benefit from significantly reduced risks in the settlement of their transactions,” the German marketplace added.

Bitcoin ETN will have an ongoing charge of 0.98 per cent, while Ethereum and Litecoin ETNs will both have 1.25 and 1.50 per cent, respectively, as ongoing fees. Last year, Deutsche Börse Group became the first exchange worldwide to launch trading in crypto products centrally cleared. With the new products added within its portfolio, investors can pick from 15 ETNs from six providers at the German marketplace.

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Litecoin NTN Added in April

“The product offering in Deutsche Börse’s ETF & ETP segment currently comprises a total of 1,651 ETFs and 210 ETCs and ETNs. With this selection and an average monthly trading volume of around €17.5 billion, Xetra is the leading trading venue for ETFs and ETPs in Europe,” the firm noted. In April 2021, the marketplace added an ETN on Litecoin. For such an Exchange Traded Note, Deutsche Börse Group said that the issuer is ETC Group.

Still, the German company recently witnessed a dip in its market trading volume for April. Finance Magnates reported that the trading metrics across its cash markets generated a total turnover of €147.1 billion in April, which is a 14.8 percent decline year-over-year.

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