Deutsche Borse Exchange to List New Bitcoin Exchange-Traded Product
A London-based investment firm is listing a centrally cleared bitcoin exchange-traded product on Deutsche Borse’s Xetra in Germany.
The ETF is planned to be listed on the Toronto Stock Exchange (TSX) under the ticker "BIT.U.”
Just because gold is losing momentum and bitcoin is gaining it doesn't mean investors are selling gold to buy bitcoin – not yet, anyway.
Only one major ETF was trading at volumes slightly higher than the BTCetc ETP in the first 11 days of January, says the FT.
In a research report by JPMorgan’s global markets team, analysts noted that Grayscale Bitcoin Trust’s flow trajectory outperformed gold ETFs.
The new ETF product will track an index currently being designed by Nasdaq that will provide broad exposure to the digital asset market.
WisdomTree, an asset manager specializing in exchange-traded funds, is vying to become one of the first established U.S. financial firms to offer clients digital assets, including a so-called stablecoin whose value is closely linked to the U.S. dollar.