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First Bitcoin & Ethereum Products Listed on Vienna Stock Exchange Wiener Börse

Traditional stock exchanges are jumping onboard the digital assets bandwagon with the introduction of new crypto-related products and the latest of stock exchanges to do so is the Vienna stock exchange Wiener Börse. According to a press release, 21shares, a fintech firm specializing in exchange traded products (ETPs), has made its Bitcoin ETP and Ethereum ETP available to investors in a regulated environment that is both secure and transparent.

“We are happy to share that Bitcoin is now accessible everywhere for both retail as well as institutional investors across the entire DACH region. We started with the Swiss market due to our home roots and having a crypto-friendly landscape. In July 2020, we entered the German market by listing ABTC on Deutsche Boerse XETRA. This listing in Austria now gives all German-speaking countries easy exposure to this asset class. Outside the DACH region, no other jurisdiction globally provides such comprehensive and ample access to Bitcoin,” Hany Rashwan, CEO at 21Shares AG, shared.

With this listing, DACH countries, also known as Switzerland, Germany and Austria, each offer Bitcoin products on their largest stock exchanges respectively. Traders who have been deterred by a lack of a safe investment space now can engage in “monitored, regulated and transparent trading with real-time information and secure settlement via their regular brokers account”.

There is a clear trend of traditional financial markets becoming more accepting of cryptocurrency products as demand for alternative assets grows. In the US, there is an apparent incremental shift towards crypto offerings from major Wall Street veterans. Recently, Fidelity Investments filed with the US Securities and Exchange Commission over a new Bitcoin fund, joining Grayscale Investments LLC, which has long since been the only proponent of regulated digital asset funds from the traditional finance space. 

Elsewhere in Asia, Singapore’s stock exchange SGX unveiled its new crypto indices with its iEdge Bitcoin Index and iEdge Ethereum Index in collaboration with UK data analytics firm CryptoCompare.

You may also want to read: Bitcoin Briefly Breaches Above $12K – Ethereum Rallies 10% While SCN30 Index Reaches New ATH

The post First Bitcoin & Ethereum Products Listed on Vienna Stock Exchange Wiener Börse appeared first on SuperCryptoNews.

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