Xetra Bitcoin Assets Surpass $600 Million

xetra exchange trading

Germany and wider Europe is rising up the rankings with stock traded products on Xetra, one of Europe’s biggest exchange, surpassing $600 million. BTCetc™ by the ETC Group is rising as the biggest of them all, up by 5x since November from circa $100 million to now $465 million in bitcoin under management. They launched just this summer, with the ETP stating at the time it is approved by BaFin, the German financial regulator. “BTCE is structured as an ETC that is physically backed by Bitcoin. Each unit of BTCE gives the holder a claim on a predefined amount of Bitcoin – a structure very similar to physically backed gold exchange traded commodities, and allows investors the option for redemption in Bitcoin,” they said. This says boerse Frankfurt but they’re on Deutsche Börse, Xetra being the exchange that connects all these stock exchanges (boerses) with 90 percent of all trading…

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