New crypto ETN: Ethereum Core ETP

New crypto ETN: Ethereum Core ETP

21shares expands the range of Ethereum trackers with a physically secured variant.

September 30, 2022. FRANKFURT (Frankfurt Stock Exchange). A new crypto ETN from 21Shares has been tradable on Xetra and on the Frankfurt Stock Exchange since Thursday.

The 21Shares Ethereum Core ETP offers investors low-cost exposure to the cryptocurrency Ethereum. The ETN is physically backed. This allows the issuer to lend out the underlying cryptocurrency to ensure low management fees. All lending transactions are collateralised and monitored daily. The issuer accepts US dollars, USD coins and Ethereum as collateral for the lending transactions.

21Shares is thus expanding its range of crypto ETNs to 23 products.

Surname

asset class

ISIN

administration fee cryptocurrency
21Shares Ethereum Core ETP (CETH)

ETN

CH1209763130 0.21 percent Ethereum

The crypto ETN segment now includes 90 products from thirteen providers on a total of 20 individual crypto currencies and nine crypto indices. All crypto ETNs that can be traded on Xetra are physically secured and are 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 (CCP). Institutional investors in particular also benefit from the central clearing from significantly reduced risks in the processing of transactions.

The product range in Deutsche Börse’s ETF & ETP 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 EUR 19 billion, Xetra is the leading trading venue for ETFs and ETPs in Europe.

September 29, 2022, © Deutsche Börse AG

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