Germany’s Stock Exchange to List Bitcoin ETP on 2nd July

- Germany’s Stock Exchange (Europe’s third-largest exchange) is set to launch a Bitcoin ETP (Exchange Traded Product) on 2nd July 2019.
- Coinbase custody will act as the digital asset custodian of the fund.
21Shares AG is listing its 21Shares Bitcoin ETP (ISIN: CH0454664001 — WKN A2T64E) on the Deutsche Börse’s Xetra electronic venue on Thursday, July 2nd 2020.
21Shares AG has been involved in the listing of various regulated financial products backed by digital assets, including the first institutional-grade crypto basket (HODL) in November 2018.
Previously registered as AMUN AG (German), 21Shares AG has launched many crypto-backed ETPs on the SIX Swiss Exchange, the largest exchange in Europe. It has listed 8 cryptocurrencies so far; this includes crypto in addition to Bitcoin like Bitcoin Cash, Litecoin, Ethereum, XRP, Tezos, Binance Coin and other combinations of these cryptocurrencies.
Coinbase as Custodians
Coinbase Custody is proud to have been selected by 21Shares as their custodian for the 21Shares Bitcoin ETP. Read more here https://t.co/2wxkGXtsfA
— Coinbase Custody (@CoinbaseCustody) July 1, 2020
The partnership between AMUN AG (now 21Shares AG) and Coinbase is also not new, as it acts as a digital custodian for some of its other listings of cryptocurrencies as well.
An ETP is similar to an ETF (Exchange Traded Fund) in the U.S. which is a regulated index based on the value of the underlying crypto. Hence, while the U.S. continues to delay the approval, Europe seems to be getting ahead with listings in Switzerland and Germany. The U.K. (London Stock Exchange) and Frace will most likely be the next targets.
How long do you think before the U.S. authorities get on the bandwagon? Please share your views with us.
- Expert Flags Pi Network Team as Source of Selling Pressure After Reported 1.2M PI Dump
- Ripple’s Chris Larsen Expands XRP Realized Profit to $764M Amid Evernorth Deal
- Just In: Hyperliquid Strategies Eyes $1B Capital Raise, Plans HYPE Token Accumulation
- Senators Reaffirm Commitment to Market Structure Bill After Meeting with Coinbase, Ripple
- How the Crypto Market Could React to the Next Fed Meeting on October 29?
- XRP Price Classical Pattern Points to a Rebound as XRPR ETF Hits $100M Milestone
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK
- Pi Network Price Wedge Signals a Rebound as Key Upgrades Raise Utility Hopes
- Solana Price Eyes $240 Recovery as Gemini Launches SOL-Reward Credit Card
- XRP Price Prediction Amid Evernorth’s $1B XRP Treasury Plan – Can XRP Hit $5?
- Ethereum Price Targets $8K Amid John Bollinger’s ‘W’ Bottom Signal and VanEck Staked ETF Filing