The main German inventory market operator – Deutsche Börse – famous that cryptocurrency exchange-traded merchandise (ETPs) had been extremely engaging choices for traders over the previous 12 months. The corporate outlined that the typical month-to-month buying and selling turnover in crypto ETNs surged to greater than $1 billion, or +922%, than in 2020 ($115 million).
Crypto ETPs with a File Efficiency
Deutsche Börse offered the report numbers in its most up-to-date report. To fulfill the rising demand for digital asset merchandise, the inventory market operator expanded its providers in 2021.
It enabled purchasers to delve into 36 cryptocurrency exchange-traded notes (ETNs) centered on Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Polkadot (DOT), Cardano (ADA), and extra. As compared, these merchandise had been solely 4 on the finish of 2020.
A few months in the past, Deutsche Börse announced the itemizing of a Bitcoin Spot ETN on its digital inventory alternate Xetra. The product got here from Invesco – an American administration agency that beforehand filed for a Bitcoin futures ETF within the US however obtained rejected.
Moreover, final 12 months Deutsche Börse included a multi-currency functionality for ETFs. The brand new possibility permits prospects to commerce the identical Worldwide Securities Identification Quantity (ISIN) in parallel throughout a number of currencies on Xetra.
With buying and selling volumes of over $220 billion in 2021 and 1,757 completely different choices, the latter remained Europe’s main buying and selling venue for ETFs, the inventory market operator highlighted.
Traders have additionally proven big curiosity in ESG ETFs and inflation-linked bonds. Commenting on the matter was Stephan Kraus – Head of Deutsche Börse’s ETF phase:
“Continued sturdy development in our ESG phase reaffirms how mission-critical sustainability is for issuers and traders. With greater than 500 ESG ETFs now on Xetra, we provide traders the biggest vary of merchandise in Europe. We’re working with issuers to broaden this vary additional and meet ever-higher ranges of demand.”
Deutsche Börse Purchased a Majority Stake at Crypto Finance Group
In the direction of the top of 2021, the German firm acquired a majority stake in Crypto Finance AG – a number one Swiss agency that gives digital asset providers. In a while, Deutsche Börse revealed it might present additional crypto choices to purchasers, together with post-trades.
On the similar time, the deal enabled Crypto Finance AG to entry the German market ecosystem. Beforehand, it expanded its providers to Singapore. Jan Brzezek – CEO on the agency – mentioned:
“We’re very excited to proceed our success story with our colleagues, present and new purchasers, and companions.”