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Eurex to Launch Bitcoin ETN Futures to Meet ‘Significant Demand’

The contract will be traded in euros and physically delivered in bitcoin ETNs.

Updated Sep 14, 2021, 1:43 p.m. Published Aug 20, 2021, 12:49 p.m.

Eurex, the European derivatives exchange owned by Deutsche Boerse, said it will introduce bitcoin exchange-traded note (ETN) futures to meet “significant demand from institutional investors.”

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The move will establish the first regulated market in bitcoin-related derivatives in Europe, Eurex said Friday.
The contracts will be launched Sept. 13 and be based on the Frankfurt Stock Exchange-listed BTCetc Bitcoin Exchange Traded Crypto (Ticker:BTCE).
The derivative will give access to the price of bitcoin in a regulated on-exchange and centrally cleared environment, Eurex said.
According to the firm, BTCE has been one of the most heavily traded contracts on Xetra since its June 2020 introduction.
The contract will be traded in euros and physically delivered in bitcoin ETNs.
“The Bitcoin ETN was equivalent to 1/1000th of a bitcoin at launch and is fully backed by and redeemable in bitcoin,” Eurex said.
“There is significant demand from institutional investors to gain bitcoin exposure in a secure and regulated environment,” said Randolf Roth, a member of the Eurex's executive board.

Futures Bitcoin ETNs Eurex

Tanzeel Akhtar

Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.