New crypto ETNs on Xetra offer first-time access to Cardano, Stellar, Tezos and a crypto basket index

Deutsche Börse | Sep 23, 2021 at 2:00 AM

Since Thursday, six new Exchange Traded Notes (ETNs) on cryptocurrencies from the provider 21Shares have been tradable via Xetra and Börse Frankfurt. These offer investors access to the performance of Cardano, Stellar and Tezos, as well as a crypto basket index for the first time. The latter tracks the performance of a basket of cryptocurrencies currently consisting of Bitcoin, Polkadot, Ethereum, Cosmos and Cardano. In addition, two ETNs enable participation in the performance of Polkadot and Solana. All 21Shares ETNs are backed by the respective cryptocurrency.

With the expansion of the product offering on Xetra, investors benefit from efficient trading of additional cryptocurrency ETNs without having to switch to unregulated crypto trading venues or set up crypto wallets. All ETNs are centrally cleared by Eurex Clearing, Deutsche Börse Group's central counterparty.

Investors now have 25 crypto ETNs from six issuers on ten cryptocurrencies and a crypto basket index at their disposal. With an average monthly order book turnover of €900 million, Deutsche Börse’s Xetra is also market leader in the trading of crypto ETNs in Europe.