Bitcoin ETP From Iconic Funds Starts Trading on Deutsche Boerse Xetra Today
Iconic Funds plans to bring more products to the market for “crypto-hungry” investors and is also exploring listings outside of Germany.
This is the first cryptocurrency ETP to be made available for trading on the U.K. market.
21Shares had previously listed crypto ETPs in Switzerland, Germany and Austria.
The ETP will be based on Arcane's cryptocurrency fund and will allow investors to buy and sell the product through their brokers.
The VanEck Vectors Bitcoin ETN and VanEck Vectors Ethereum ETN will be listed on the two exchanges in Europe on Tuesday with a total expense ratio of 1%.
Fully backed by ADA and DOT, the products are listing on the Nordic Growth Market.