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Leading Stock Exchanges in Switzerland, Germany, Austria Now List Bitcoin ETP

A bitcoin exchange-traded product by 21Shares is now listed on leading stock exchanges in three countries: Switzerland, Germany, and Austria. The company offers 11 cryptocurrency exchange-traded investment products in total. Growing Number of Stock Exchanges List Bitcoin Products Zug-based 21Shares announced Tuesday that its bitcoin exchange-traded product (ETP) has been admitted to Wiener Börse, the Vienna Stock Exchange. With this latest listing, the company wrote: The largest exchange in each of the three DACH (Germany, Austria and Switzerland) countries has now admitted a bitcoin ETP. This achievement further demonstrates institutional – and more importantly regulatory – acceptance of this emerging…

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ETC Group’s Bitcoin ETP Hits $49 Million Assets Under Management in Two Months

Etc Group said Wednesday that its centrally cleared bitcoin exchange-traded product (ETP) has accumulated up to $49 million in assets under management since launch on June 18, 2020. The contract, known as Bitcoin Exchange Traded Crypto (BTCE), tracks the price of BTC and is 100% physically backed by the cryptocurrency. It started trading on Deutsche Börse’s Xetra electronic trading market in June with a total expense ratio of 2% – a measure of the total cost of the fund to the investor. According to Etc Group, a London-based financial services firm, Btce was the most traded non-leveraged asset on Xetra’s…

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Swiss Exchange SIX Lists Actively Managed Bitcoin Exchange-Traded Product

Switzerland’s principal stock exchange SIX Swiss Exchange is listing a new bitcoin exchange-traded product (ETP). The BTCA index, otherwise known as the “Bitcoin Capital Active ETP (BTCA),” is different from other crypto ETPs exchanged on SIX because it’s an “actively managed” cryptocurrency ETP. SIX Swiss Exchange, based in Zurich is one Switzerland’s most popular stock trading platforms and the exchange allows investors to obtain securities like stock options, derivatives, and Swiss government bonds. SIX has been offering crypto infused exchange-traded products (ETP) for quite some time now. This week the exchange revealed a new index called the BTCA or “Bitcoin…

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