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Kryptogeld. 21Shares AG brings Bitcoin and Ethereum to the regulated market of the Vienna Stock Exchange in the form of ETP (“Exchange Traded Products”).
According to the issuer, the Vienna Stock Exchange will become the third stock exchange in the world to allow a Bitcoin product in its official “regulated” market segment: after being admitted to the Xetra Deutsche Börse in July 2020, the ETP with Swiss-based issuer, 21Shares AG, has brought the first Bitcoin and Ethereum products to the official Vienna market.
Investors are promised more security and transparency: ETPs replicate the performance of the underlying crypto money. The ETP has the corresponding crypto assets, while investors can do without the necessary equipment (a digital “wallet”). Therefore, the construction is similar to an exchange-traded fund (ETF). Similar to ETFs, there are fees and charges.
Products and declarations
Specifically, 21Shares Bitcoin ETP (ABTC – WKN A2T64E – abbreviation 21XB) and 21Shares Ethereum ETP (AETH – WKN A2T68Z – abbreviation 21XE) are tradable in Vienna. The growth of the cryptocurrency market is also reflected in the growth of 21Shares’ managed assets, which have reached around $ 100 million in just under two years.
Hany Rashwan, CEO of 21Shares AG: “We started with the Swiss market because we are located there and it has a crypto-friendly environment. In July 2020, we entered the German market by listing ABTC on the German XETRA stock exchange. Listing in Austria now offers all German-speaking countries easy access to this asset class. Outside of the DACH region, no other jurisdiction in the world offers such complete access to Bitcoin. “
“With the listings, the Vienna Stock Exchange is expanding its selection of asset classes. Investors can also benefit from the advantages of the stock exchange in cryptocurrency trading: supervised and transparent trading with real-time information and secure processing through their securities account ”, says Thomas Rainer, director of business development at Wiener Börse AG.
