{"id":38533,"date":"2021-03-08T18:42:40","date_gmt":"2021-03-08T16:42:40","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=38533"},"modified":"2025-08-30T05:19:25","modified_gmt":"2025-08-30T02:19:25","slug":"etc-group-and-21shares-to-launch-ethereum-etp-on-deutsche-borse","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/etc-group-and-21shares-to-launch-ethereum-etp-on-deutsche-borse\/","title":{"rendered":"ETC Group and 21Shares to launch Ethereum ETP on Deutsche B\u00f6rse"},"content":{"rendered":"<p><span style=\\\"font-weight: 400;\\\">On March 9, London-based ETC Group will list an Ethereum-linked exchange-traded product (ETP) under the ticker ZETH on Deutsche B\u00f6rse&#8217;s Xetra trading platform. <\/span><a href=\\\"https:\/\/decrypt.co\/60515\/etc-group-to-launch-ethereum-etp-on-deutsche-borse\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\"><span style=\\\"font-weight: 400;\\\">Decrypt<\/span><\/a><span style=\\\"font-weight: 400;\\\"> reports.<\/span><\/p>\n<p><!--more--><\/p>\n<p><span style=\\\"font-weight: 400;\\\">ZETH will complement ETC Group&#8217;s Bitcoin ETP launched in June. According to the firm, the instrument based on the first cryptocurrency became the most traded asset in its class on Xetra in the second half of 2020.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">ETC Group representatives said AUM has grown to $1 billion.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">Xetra <\/span><a href=\\\"https:\/\/www.etfexpress.com\/2021\/03\/08\/296804\/21shares-adds-centrally-cleared-ether-and-bitcoin-cash-etps-deutsche-boerse-xetra\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\"><span style=\\\"font-weight: 400;\\\">approved<\/span><\/a><span style=\\\"font-weight: 400;\\\"> a similar request for listing Ethereum-ETP (21XE) from the Swiss crypto-ETP provider 21 Shares.<\/span><\/p>\n<blockquote class=\\\"wp-embedded-content\\\" data-secret=\\\"MnT0rKNcjy\\\">\n<p><a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-cryptocurrency-etf\">What is a cryptocurrency ETF?<\/a><\/p>\n<\/blockquote>\n<p><iframe loading=\\\"lazy\\\" class=\\\"wp-embedded-content\\\" sandbox=\\\"allow-scripts\\\" security=\\\"restricted\\\" style=\\\"position: absolute; visibility: hidden;\\\" title=\\\"\u00abWhat is a cryptocurrency ETF?\u00bb \u2014 ForkLog\\\" src=\\\"https:\/\/u1f987.com\/cryptorium\/chto-takoe-bitkoin-etf\/embed#?secret=LZWdpjKgRm#?secret=MnT0rKNcjy\\\" data-secret=\\\"MnT0rKNcjy\\\" width=\\\"500\\\" height=\\\"282\\\" frameborder=\\\"0\\\" marginwidth=\\\"0\\\" marginheight=\\\"0\\\" scrolling=\\\"no\\\"><\/iframe><\/p>\n<p><span style=\\\"font-weight: 400;\\\">Trading for the Bitcoin ETP (21XC) will also begin on March 9, with listing approved by Deutsche B\u00f6rse&#8217;s Xetra trading platform.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">One feature of 21Shares products is their centralised clearing, performed by Coinbase Custody. The company says this approach should serve as an additional factor in broadening institutional adoption of cryptocurrencies.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">In October 2019, 21Shares (formerly Amun) launched Bitcoin and Ethereum ETPs on the SIX Swiss Exchange. Currently, AUM for each instrument exceeds $100 million.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">The first ETP, based on a basket of the most liquid cryptocurrencies, was launched by the Swiss provider in November 2018. The range expanded to 12, including a February 2021 launch of the <a href=\"https:\/\/u1f987.com\/en\/news\/21shares-to-launch-worlds-first-polkadot-based-etp\"><span style=\\\"font-weight: 400;\\\">Polkadot-based exchange-traded product<\/span><\/a>.<\/p>\n<p><span style=\\\"font-weight: 400;\\\">CEO Hani Rashwan said the company was working on several ETP launches in the second and third quarters.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">In February<\/span> <a href=\"https:\/\/u1f987.com\/en\/news\/21shares-assets-under-management-exceed-1-billion\"><span style=\\\"font-weight: 400;\\\">AUM at 21Shares doubled over two weeks<\/span><\/a><span style=\\\"font-weight: 400;\\\">\u2014<\/span><span style=\\\"font-weight: 400;\\\"> from $500 million to $1 billion.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">In March, Evolve Funds filed to<\/span> <a href=\"https:\/\/u1f987.com\/en\/news\/evolve-funds-seeks-to-launch-an-ethereum-based-etf\"><span style=\\\"font-weight: 400;\\\">launch an Ethereum-based exchange-traded fund (ETF)<\/span><\/a><span style=\\\"font-weight: 400;\\\">.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">Earlier, another<\/span> <a href=\"https:\/\/u1f987.com\/en\/news\/galaxy-digital-backs-worlds-first-ethereum-etf-filing\"><span style=\\\"font-weight: 400;\\\">firm\u2014CI Financial<\/span><\/a><span style=\\\"font-weight: 400;\\\">, backed by Galaxy Digital&#8217;s Mike Novogratz, launched Ethereum-focused funds aimed at institutions, attracting<\/span> <a href=\"https:\/\/u1f987.com\/en\/news\/galaxy-digitals-ethereum-funds-attract-more-than-32-million-from-institutional-investors\"><span style=\\\"font-weight: 400;\\\">more than $32 million<\/span><\/a><span style=\\\"font-weight: 400;\\\"> since their<\/span> <a href=\"https:\/\/u1f987.com\/en\/news\/galaxy-digital-to-launch-three-ethereum-funds-for-institutional-investors\"><span style=\\\"font-weight: 400;\\\">launch in February<\/span><\/a><span style=\\\"font-weight: 400;\\\">.<\/span><\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\\\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On March 9, London-based ETC Group will list an Ethereum-linked exchange-traded product (ETP) under the ticker ZETH on Deutsche B\u00f6rse&#8217;s Xetra platform, Decrypt reports.<\/p>\n","protected":false},"author":1,"featured_media":38534,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1372,46,1211],"class_list":["post-38533","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-21shares","tag-ethereum","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=38533"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38533\/revisions"}],"predecessor-version":[{"id":38535,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/38533\/revisions\/38535"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/38534"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=38533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=38533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=38533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}