Eurex Launches Bitcoin ETN Futures08.20.2021
Eurex, the leading European derivatives exchange, announced the launch of Bitcoin ETN futures. With the new contract, Deutsche Börse Group’s derivatives arm offers clients access to the price of Bitcoin in a regulated on-exchange and centrally cleared environment. This offering will be the first regulated market in Bitcoin-related derivatives in Europe.
We’re excited to announce the launch of #Bitcoin ETN #futures. As the extension of the ETN traded so successfully on @Xetra, the new contract offers clients access to the price of Bitcoin in a regulated on-exchange and centrally cleared environment. https://t.co/N5A0EVqAYp pic.twitter.com/qr6firZWNX
— Eurex (@EurexGroup) August 20, 2021
Launch of the new contract is planned for 13 September. The futures contract is based on the BTCetc Bitcoin Exchange Traded Crypto (ISIN: DE000A27Z304), which is listed on the Frankfurt Stock Exchange and has been among the most heavily traded ETF/ETN contracts on Xetra since its start in June 2020. The Bitcoin ETN was equivalent to 1/1000th of a Bitcoin at launch and is fully backed by and redeemable in Bitcoin. The new futures contract will be traded in euro and physically delivered in Bitcoin ETNs.
This is the first time a crypto trading business backed by an international bank has been listed by the FCA.
Regulators should take steps that unleash the power of private markets while protecting investors.
Fidelity continues to hire thousands to support cryptocurrency.
The SETL/Colendi enterprise is preparing a new public blockchain infrastructure.
In May CME Ether futures had the highest volumes since launch.