21shares Launches Bitcoin Cash and Ethereum ETPs on Deutsche Boerse’s Xetra

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21shares Launches Bitcoin Cash and Ethereum ETPs on Deutsche Boerse’s Xetra

The cryptocurrency exchange-traded products (ETP) provider 21shares AG, formerly known as Amun, has announced the launch of two new crypto asset ETPs on Deutsche Boerse’s Xetra. The 21shares ETPs will leverage the cryptocurrencies ethereum under the ticker “21XE,” and bitcoin cash under the ticker “21XC.”

Bitcoin Cash and Ethereum Exchange Traded Products Listed on Xetra
Following the firm’s two bitcoin (BTC) exchange-traded products listed last year, 21shares AG is launching two new ETPs for the popular crypto-assets bitcoin cash (BCH) and ethereum (ETH). Ethereum is currently the second-largest blockchain, in terms of market valuation, while bitcoin cash holds the eleventh position. On February 3, 2021, the Zurich-based investment provider launched an ETP for the crypto asset polkadot (DOT) on the Swiss exchange SIX.

The new bitcoin cash (BCH) ETP will be called “21XC” and the ethereum (ETH) product will be called “21XE.” Both debuted on the Swiss stock market in mid-2019, and both assets are “fully collateralised using Coinbase as independent regulated institutional-grade custodian,” 21shares notes. Collectively with all the products under 21share’s hood, the company assets under management (AUM) is $1 billion as of February 2021.



https://news.bitcoin.com/21shares-launches-bitcoin-cash-and-ethereum-etps-on-deutsche-boerses-xetra/