Scalable. Deutsche Börse welcomes a new Crypro ETN issuer on Xetra
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By ETFWorld.co.uk
Two Bitcoin and Ethereum product variants with different taxation
Since Tuesday, four crypto exchange traded notes (ETNs) from Scalable Securities have been tradable for the first time on Xetra and via Börse Frankfurt.
Scalable Securities offers investors easy access to the performance of the cryptocurrencies Bitcoin and Ethereum in two different variants. The two variants differ in the tax treatment, which depends on the expected holding period of the ETNs. The product variant with physical delivery (deliverable) is designed for investors with an intended holding period of at least one year, while the product variant with cash settlement is suitable for short-term investment.
All four ETNs are physically collateralised by the respective underlying cryptocurrency and are centrally cleared via Eurex Clearing.
Name | Asset class | ISIN | Management fee | Cryptocurrency |
Scalable Bitcoin (deliverable) | ETN | DE000SCLB1B5 | 0,95 Prozent | Bitcoin |
Scalable Bitcoin | ETN | DE000SCLB2B3 | 0,95 Prozent | Bitcoin |
Scalable Ethereum (deliverable) | ETN | DE000SCLB1E9 | 0,95 Prozent | Ethereum |
Scalable Ethereum | ETN | DE000SCLB2E7 | 0,95 Prozent | Ethereum |
Source: ETFWorld.co.uk
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