CoinShares, a London-based cryptocurrency investment fund, is the latest issuer of crypto exchange-traded notes (ETNs) on Deutsche Börse’s Xetra market.
CoinShares ETNs tracking bitcoin, ethereum and litecoin will allow investors to gain exposure to those coins without the need to set up a crypto wallet.
In June last year, Deutsche Börse claimed a first when it introduced trading in centrally cleared crypto products. The Frankfurt-based exchange now offers a choice of some 15 ETNs from six providers on bitcoin, bitcoin cash, ethereum and litecoin.
Central clearing is a tool used in the European derivatives market to bolster stability by ensuring a financial institution takes on counterparty credit risk.
Source: Coindesk
