Deutsche Börse Adds Three New Crypto ETNs via CoinShares

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 Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term, CoinShares Physical Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Read this Term 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.

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.