Deutsche Börse Group’s derivatives arm will offer institutional investors access to BTC investments on the regulated Eurex exchange with a centralized clearing system.
According to the official announcement of Eurex, the launch of the new financial product is scheduled for September 13, 2021. The preliminary cost of one exchange-traded note (ETN) will be equivalent to 1/1000 BTC. The futures contract will be in euros and will be redeemed pegged to the bitcoin price at the expiration date.
Eurex said that in this way, investors will be able to benefit from the rising value of BTC, avoid the difficulties of storing cryptocurrency and trade on a regulated exchange. Randolf Roth, Eurex Executive Board Member, said:
“Institutional investors are ready to invest in BTC only in a safe environment. We are delighted to be the first regulated exchange to offer this innovative capability. The new Bitcoin ETN futures will allow investors to trade and hedge risks within Eurex’s proven trading and clearing infrastructure, without having to turn to unregulated cryptocurrency exchanges. ”
The Deutsche Börse Group has two trading platforms: Xetra and the Frankfurt Stock Exchange. Together they are considered the third largest trading platform in Europe, after the London Stock Exchange and Euronext.
In addition to traditional exchange instruments, Deutsche Börse maintains a listing of tokenized products on its platform. Thus, the global palladium fund Norilsk Nickel has placed metal-backed ETC on the Deutsche Börse stock exchange.
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