Deutsche Börse writes that three new ETNs from VanEck on the cryptocurrencies Polkadot, Solana and TRON are now tradable for the first time via Xetra and Börse Frankfurt.
The range of crypto ETNs on Bitcoin, Bitcoin Cash, Ethereum and Litecoin, which has already been successfully established on Deutsche Börse, will thus be expanded by three further cryptocurrencies, the exchange writes.
All crypto ETNs tradable on Xetra are physically collateralised and listed on the Regulated Market of the Frankfurt Stock Exchange. Investors can easily purchase them like shares or ETFs without having to set up crypto wallets. Through central clearing, institutional investors also benefit from significantly reduced risks in the settlement of transactions.
The VanEck Vectors Polkadot ETN, the VanEck Vectors Solana ETN and the VanEck Vectors TRON ETN all have ongoing charges of 1.50 per cent.
In June last year, Deutsche Börse was the first exchange worldwide to launch trading in centrally cleared crypto products. Investors now have access to 18 crypto ETNs from six issuers on seven cryptocurrencies. The exchange writes that investors therefore no longer have to turn to unregulated crypto venues to invest in cryptocurrencies. With an average monthly order book turnover of EUR900 million, Deutsche Börse’s Xetra is also the leading trading venue for crypto ETNs in Europe.
