First crypto ETNs from Xtrackers are tradable on Xetra
First crypto ETNs from Xtrackers are tradable on Xetra Physically collateralised ETNs track the performance of Bitcoin and Ethereum
Since Thursday, two new crypto exchange-traded notes (ETNs) issued by Xtrackers Digital Markets have been tradable on Xetra and Börse Frankfurt.
With the two ETNs, investors participate in the performance of the cryptocurrencies Bitcoin and Ethereum. The products are physically collateralised by the respective cryptocurrency and are centrally cleared by Deutsche Börse Group's central counterparty (CCP), Eurex Clearing AG. The ETNs can be traded in either euros or US dollars using the respective Xetra ticker.
The annual management fee is 0.35 per cent.
Name | ISIN | Crypto currency | Xetra ticker of trading currency | |
EUR | USD | |||
Xtrackers Galaxy Physical Bitcoin ETC | Bitcoin | XXBT | XXBU | |
Xtrackers Galaxy Physical Ethereum ETC | Ethereum | XETH | XETU | |
All crypto ETNs tradable on Xetra are physically collateralised and listed on the Regulated Market of the Frankfurt Stock Exchange. In addition, all crypto ETNs on Xetra are centrally cleared by Eurex Clearing AG as Deutsche Börse Group's central counterparty. Through central clearing, institutional investors in particular benefit from significantly reduced risks in the settlement of transactions.
The product offering in Deutsche Börse's ETF & ETP segment currently comprises a total of 2,149 ETFs, 191 ETCs and 236 ETNs. With this selection and an average monthly trading volume of around €15 billion, Xetra is the leading trading venue for ETFs and ETPs in Europe.