The Switzerland-based leading cryptocurrency exchange-traded products (ETPs) issuer, 21Shares, is launching its ’21Shares Bitcoin ETP’ on a major German assets trading avenue, Xetra. The development further strengthens its presence in Germany, and Europe at large, while still pushing for institutional crypto adoption.
According to the announcement today, the listing of 21Shares Bitcoin ETP on the German trading avenue opens up more crypto products that are institutional-friendly for European and global investors. Although this is not the first listing of 21Shares Bitcoin ETP in a major German market.
The product has been available since January 2020 on the Börse Stuttgart. Reportedly, 21Shares Bitcoin ETP has a track record of more than 1.5 years. Outside Germany, the product was the first crypto ETP to be listed on a Swiss regulated and largest exchange. This propelled more institutional adoption for the Bitcoin industry.
More institutional acceptance?
Cryptocurrencies are now more accessible, 21Shares’ managing director, Laurent Kssis said, adding that:
The listing on Xetra not only strengthens our current position in Germany but also opens up institutional-grade crypto products to the wider European and international markets. We look forward to bringing more