Exchange-Traded Notes for XRP, Litecoin Launch on Boerse Stuttgart

Germany’s second-largest stock exchange, Boerse Stuttgart, now offers trading in XRP and litecoin-based ETNs issued by XBT Provider.

AccessTimeIconMay 13, 2019 at 12:42 p.m. UTC
Updated Sep 13, 2021 at 9:11 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

Germany’s second-largest stock exchange, Boerse Stuttgart, has launched trading for exchange-traded notes (ETNs) based on two cryptocurrencies – XRP and litecoin (LTC).

Boerse Stuttgart announced Monday that Sweden-based firm, XBT Provider, is issuing four securities that will track the price of XRP and LTC in relation to the euro and Swedish krona, with all four now available for buying and selling on the exchange.

ETNs are unsecured debt securities that, like exchange-traded funds (ETFs), are traded on a stock exchange. Such products allow investors to gain exposure to asset classes, including cryptocurrencies, without actually purchasing them directly.

‘There is a lot of interest in cryptocurrencies,” Boerse Stuttgart's director for blue chips & funds trading, Jürgen Dietrich, said. Such ETNs will allow investors in Germany to track "future price developments" of the two cryptocurrencies “for the first time," he said.

The XRP and litecoin ETNs will be tradeable on the exchange between 8:00 and 22:00 hours CET (07:00 and 21:00 hours UTC).

The notes have already been trading in Sweden at Boerse Stuttgart’s wholly owned subsidiary Nordic Growth Market exchange since April, according to the announcement.

Earlier this year, Switzerland-based stock exchange SIX Group also listed an XRP-based exchange-traded product (ETP). SIX now has a total of four cryptocurrency ETPs listed, with XRP, bitcoin (BTC) and ether (ETH) products, as well as another that tracks the top-five cryptocurrencies in terms of market capitalization and liquidity.

Boerse Stuttgart image via Shutterstock 


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

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

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 to register and buy your pass now.