21shares Launches Bitcoin Cash and Ethereum ETPs on Deutsche Boerse’s Xetra

21shares Launches Bitcoin Cash and Ethereum ETPs on Deutsche Boerse’s Xetra

THELOGICALINDIAN - The cryptocurrency exchangetraded articles ETP provider 21shares AG aforetime accepted as Amun has appear the barrage of two new crypto asset ETPs on Deutsche Boerses Xetra The 21shares ETPs will advantage the cryptocurrencies ethereum beneath the ticker 21XE and bitcoin banknote beneath the ticker 21XC

Bitcoin Cash and Ethereum Exchange Traded Products Listed on Xetra

Following the firm’s two bitcoin (BTC) exchange-traded articles listed aftermost year, 21shares AG is ablution two new ETPs for the accepted crypto-assets bitcoin banknote (BCH) and ethereum (ETH). Ethereum is currently the second-largest blockchain, in agreement of bazaar valuation, while bitcoin banknote holds the eleventh position. On February 3, 2021, the Zurich-based advance provider launched an ETP for the crypto asset polkadot (DOT) on the Swiss barter SIX.

The new bitcoin banknote (BCH) ETP will be alleged “21XC” and the ethereum (ETH) artefact will be alleged “21XE.” Both debuted on the Swiss banal bazaar in mid-2019, and both assets are “fully collateralised application Coinbase as absolute adapted institutional-grade custodian,” 21shares notes. Collectively with all the articles beneath 21share’s hood, the aggregation assets beneath administration (AUM) is $1 billion as of February 2021.

21shares to Fill the Void of Institutional-Grade Products for Other Large-Volume Crypto Assets

Hany Rashwan, the CEO of 21shares said that the aggregation has been at the beginning of the crypto ETP amplitude back the firm’s introduction. “While added issuers abide to chase our accomplish in advertisement a Bitcoin ETP on a banal exchange, we had time to body the basement and actively conduct authoritative lobbying for added avant-garde crypto assets and issuances,” Rashwan detailed.

Rashwan added added:

21shares additionally acclaimed that back the beginning of the coronavirus in March 2020, bitcoin (BTC) has apparent a massive access in value. It additionally emphasized the institutional absorption in crypto assets with firms like Paypal, Microstrategy, and Tesla jumping on the bandwagon. 21shares accent that banking cartage for BTC are already broadly available, and the aggregation recognizes that there’s a appeal for articles committed to another crypto assets with ample bazaar caps as well.

“While there is already an affluence of Bitcoin banking articles on the market, there is a cogent abridgement of institutional-grade articles for added large-volume crypto assets,” 21shares said.

What do you anticipate about 21shares ablution ether and bitcoin banknote ETPs on Deutsche Boerse’s Xetra? Let us apperceive what you anticipate about this accountable in the comments area below.

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