Deutsche Borseâs platform Xetra to list its first Ether ETPs Deutsche Borseâs Xetra prepares to list two Ether ETPs and a Bitcoin Cash ETP on Tuesday, stating that crypto ETFs are unlikely to come soon due to EU regulations. 8928 Total views News
Deutsche Borseâs electronic trading platform, Xetra, is preparing to launch its first Ether (ETH)-based exchange-traded products, or ETPs.
According to data from Xetra, the platform is set to debut trading of two Ether ETPs â ETC Groupâs Ether exchange-traded commodity, or ETC, product (ZETH) and 21Sharesâ Ethereum ETP (AETH) â on Tuesday. A spokesperson for Deutsche Borse told Cointelegraph that the two products will be the first Ether ETPs to ever be listed on Xetra.
Europe vs US: Time of the bitcoin ETP has come
Europe has led the way in the crypto ETP space with the SEC yet to allow such products to be listed in the US By Stefan Kaba-Ferreiro, 15 February 2021
Traditionally, the US asset market is responsive to innovation. Complex financial instruments spread widely from the US; the bitcoin futures, the first mainstream financial instrument to trade bitcoin originated in the States. When it comes to crypto exchange-traded products (ETPs), the US has an almost obstinate resistance to adopt.
Yet the underlying themes of cryptocurrencies could not be more appropriate for the times. But
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Tim McCourt, global head of equity index and alternative investment products at CME Group, said there has been a significant increase in the institutional adoption of cryptocurrencies as the exchange plans to launch Ether futures next month.
CME has announced it intends to launch Ether futures on February 8. The new contract will be cash-settled and based on the CME CF Ether-Dollar Reference Rate, a once-a-day reference rate of the U.S. dollar price of Ether.
Tim McCourt, CME Group
McCourt told Markets Media: “We introduced an Ether reference rate in May 2018 which is a regulated benchmark using the same exchanges and methodology as our Bitcoin reference rate.”