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CoinShares Issues Three Crypto ETNs on Deutsche Boerse

The three CoinShares ETNs are tracking bitcoin, ethereum and litecoin.

Updated May 9, 2023, 3:20 a.m. Published Jun 7, 2021, 10:00 a.m.

CoinShares, a London-based cryptocurrency investment fund, is the latest issuer of crypto exchange-traded notes (ETNs) on Deutsche Boerse’s Xetra market.

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CoinShares ETNs tracking bitcoin, ethereum and litecoin will allow investors to gain exposure to those coins without the need to set up a crypto wallet.

In June of last year, Deutsche Börse claimed a first when it introduced trading in centrally cleared crypto products. The Frankfurt-based exchange now offers a choice of some 15 ETNs from six providers on bitcoin, bitcoin cash, ethereum and litecoin.

Central clearing is a tool used in the European derivatives market to bolster stability by ensuring a financial institution takes on counterparty credit risk.

CoinShares Deutsche Boerse ETNs

Ian Allison

Ian Allison is a senior reporter at CoinDesk, focused on institutional and enterprise adoption of cryptocurrency and blockchain technology. Prior to that, he covered fintech for the International Business Times in London and Newsweek online. He won the State Street Data and Innovation journalist of the year award in 2017, and was runner up the following year. He also earned CoinDesk an honourable mention in the 2020 SABEW Best in Business awards. His November 2022 FTX scoop, which brought down the exchange and its boss Sam Bankman-Fried, won a Polk award, Loeb award and New York Press Club award. Ian graduated from the University of Edinburgh. He holds ETH.