Deutsche Börse's Xetra lists Bitcoin ETP

Thursday 13 May 2021 14:40 CET | News

Deutsche Börse has announced listing Germany-based holding company Iconic Funds' Physical Bitcoin ETP on its electronic exchange Xetra.

The exchange-traded product (ETP) is physically backed by Bitcoin and is a cost-effective way for investors to gain exposure to Bitcoin with a total expense ratio of 0.95%. The ETP is issued by Iconic Holdings subsidiary Iconic Funds BTC ETN. The Bitcoin ETP aims to remove technical complications of investing in and holding Bitcoin for investors.

Each Bitcoin-collateralised Note of the ETP represents a claim on a specified amount of Bitcoin.  According to an Iconic Fund representative, the company aims to drive the adoption of crypto assets by creating trustworthy investment vehicles for investors to gain exposure to the evolving asset class.

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Keywords: cryptocurrency, Bitcoin, cryptocurrency exchange, crypto asset
Categories: Blockchain & Cryptocurrencies | Cryptocurrencies
Countries: Germany
This article is part of category

Blockchain & Cryptocurrencies