For the first time in Germany, investors can now buy and sell exchange-traded notes (ETNs) on Boerse Stuttgart based on the cryptocurrencies Litecoin and Ripple (XRP). There will be four securities issued by XBT Provider, first announced back in April. The ETNs track the price of the two cryptocurrencies in relation to both the euro and the Swedish krona.
[perfectpullquote align=”full” bordertop=”false” cite=”Jürgen Dietrich, Director Blue Chips & Funds Trading at Boerse Stuttgart” link=”” color=”” class=”” size=””]”There is a lot of interest in cryptocurrencies. These ETNs will allow investors in Germany to track future price developments of the two cryptocurrencies Litecoin and Ripple (XRP) through exchange-traded securities for the first time.”[/perfectpullquote]
As all other exchange-traded products, these crypto ETNs can be traded at Boerse Stutgart between 8:00 and 22:00 hours CET. Since the beginning of April, the products have already been tradable in Sweden at the NGM exchange, which is a subsidiary of Boerse Stuttgart.