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Bitcoin (BTC) ETPs hit the Vienna Stock Exchange


The Vienna Stock Exchange ad today the first ETP based on Bitcoin (BTC) and Ethereum (ETH).

These products were launched by the Swiss company 21Shares AG, which actually brings so much BTC as ETH to the Austrian market for the first time. The company is one of the most innovative in Europe and has several ETP to his credit for nearly all cryptocurrencies, including XRP, BCG, BNB, and other crypto-themed indices.

The Vienna Stock Exchange is one of the largest in the DACH, which includes Germany, Austria and Switzerland, and this shows how institutions are increasingly opening up to these products.

Switzerland is an area that has always been declared crypto-friendly, so it was easy for the team to move forward with the creation of this ETP, commented 21Shares AG CEO Hany Rashwan:

“We are pleased to share that Bitcoin is now accessible everywhere, for both retail and institutional investors throughout the DACH region. We started with the Swiss market due to our local roots and having a crypto-friendly outlook. In July 2020, we entered the German market by listing ABTC on Deutsche Boerse XETRA. This listing in Austria now offers all German-speaking countries easy exposure to this asset class. Outside of the DACH region, no other jurisdiction globally provides such comprehensive and comprehensive access to Bitcoin. "

Now all interested parties will be able to access these instruments in a safe and regulated manner, said Thomas Rainer, Head of Business Development at the Vienna Stock Exchange:

“With this significant listing, the Vienna Stock Exchange is expanding its selection of asset classes. Experienced local investors can now benefit from the advantages of the stock market in crypto trading: supervised, regulated and transparent trading with real-time information and secure settlement through their regular broker account ”.

There is no doubt that in the future we will be able to see other institutional developments in this sector as well as in other countries that are still lagging behind in the regulation and management of this type of investment instrument, as there are already a series of precursors. for inspiration.

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