First Litecoin ETP Listed in Germany

Deutsche Börse continues to expand its range of cryptocurrency products Since last week an Exchange Traded Note (ETN) on Litecoin is available for trading via Xetra and Börse Frankfurt for the first time. The issuer of the product is ETC Group.

The LTCetc – ETC Group Physical Litecoin ETP now enables investors to participate in the performance of the cryptocurrency Litecoin on Xetra without having to set up crypto wallets. The ETN, which is physically backed by Litecoin, has been admitted to the Regulated Market of the Frankfurt Stock Exchange and is centrally cleared via Eurex Clearing. This allows investors to benefit from significantly reduced risks in the settlement of exchange transactions.

Name:
LTCetc – ETC Group Physical Litecoin ETP
Asset class:
ETN
ISIN:
DE000A3GN5J9
Ongoing charges:
2%
Reference price:
Litecoin

In June last year, Deutsche Börse became the first exchange worldwide to launch trading in centrally cleared crypto products. Investors can now choose from ten ETNs from four providers on Bitcoin, Bitcoin Cash, Ethereum and Litecoin.

As a result, investors no longer must turn to unregulated trading venues for investments in cryptocurrencies. With an average monthly order book turnover of around one billion euros, Deutsche Börse’s Xetra market is the European market leader in crypto ETN trading.

 

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