Expansion of 21Shares' crypto ETN offering on Xetra: access to the low-cost Ethereum Core ETP
Expansion of 21Shares' crypto ETN offering on Xetra: access to the low-cost Ethereum Core ETP
A new crypto ETN issued by 21Shares has been tradable on Xetra and via Börse Frankfurt since Thursday.
The 21Shares Ethereum Core ETP offers investors low-cost exposure to the cryptocurrency Ethereum. The ETN is physically backed, allowing the issuer to lend the underlying cryptocurrency to ensure low management fees. Any lending transactions are secured and monitored daily. The issuer accepts USD/USDC and Ethereum as collateral for the lending transactions.
21Shares is thus expanding its range of crypto ETNs to 23 products.
Name | Asset class | ISIN | Ongoing charges | Crypto currency |
21Shares Ethereum Core ETP (CETH) | ETN | 0.21 per cent | Ethereum |
The crypto ETN segment now comprises 90 products from thirteen providers on a total of 20 individual cryptocurrencies as well as on nine crypto indices. 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 the central counterparty (CCP) of Deutsche Börse Group. Through central clearing, institutional investors additionally benefit from significantly reduced risks when settling transactions.
The product offering in Deutsche Börse's XTF segment currently comprises a total of 1,945 ETFs and 426 ETCs and ETNs. With this selection and an average monthly trading volume of around €19 billion, Xetra is the leading trading venue for ETFs in Europe.