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.
- ASTER Deposits Flows Into Binance Wallets Following CZ Endorsement, Listing Incoming?
- Avalanche Treasury Seals $675M Deal With Mountain Lake to Build $1B AVAX Vehicle
- Just In: Nasdaq-Listed VivoPower Raises $19M in Equity to Expand XRP Treasury Holdings
- Solana Price Rallies 5% as Nasdaq-listed VisionSys Launches $2B SOL Treasury Strategy
- XRP Ledger Rolls Out MPT Standard for Real-World Asset Tokenization
- Cardano Price Forecast As Hashdex Listing Fuels Optimism For $1.27 Breakout
- BONK Price Rally Ahead? Open Interest Jumps as TD Buy Signal Flashes
- Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth
- XRP Price Prediction After Ripple CTO David Schwartz Resigns
- SUI Price Eyes $4.5 as Coinbase Futures Listing Sparks Market Optimism
- Chainlink Price Holds $20 Support Amid Tokenization With DTA Standard Progress – Is $47 Next?