CoinShares Issues Three Crypto ETNs on Deutsche Boerse

CoinShares, a London-based cryptocurrency investment fund, is the latest issuer of crypto exchange-traded notes (ETNs) on Deutsche Boerse’s Xetra market.

CoinShares ETNs tracking bitcoin, ethereum and litecoin will allow investors to gain exposure to those coins without the need to set up a crypto wallet.

In June of last year, Deutsche Börse claimed a first when it introduced trading in centrally cleared crypto products. The Frankfurt-based exchange now offers a choice of some 15 ETNs from six providers on bitcoin, bitcoin cash, ethereum and litecoin.

Central clearing is a tool used in the European derivatives market to bolster stability by ensuring a financial institution takes on counterparty credit risk.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Ian Allison

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.