21Shares Expansion of crypto ETN offering on Xetra: access to the low-cost Ethereum Core ETP
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By ETFWorld.co.uk
Hany Rashwan, co-founder and CEO of 21Shares
A new crypto ETN issued by 21Shares has been tradable on Xetra and via Börse Frankfurt since Thursday.
The 21Shares Ethereum Core ETP offers investors low-cost exposure to the cryptocurrency Ethereum. The ETN is physically backed, allowing the issuer to lend the underlying cryptocurrency to ensure low management fees. Any lending transactions are secured and monitored daily. The issuer accepts USD/USDC and Ethereum as collateral for the lending transactions.
21Shares is thus expanding its range of crypto ETNs to 23 products.
Name | Asset class | ISIN | Ongoing charges | Crypto currency |
21Shares Ethereum Core ETP (CETH) | ETN | CH1209763130 | 0.21 per cent | Ethereum |
Source: ETFWorld.co.uk
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