Deutsche Börse Expands Crypto Offering with ETC Group’s Litecoin ETN

Deutsche Börse Group, a Germany-based exchange organization, announced that it has expanded its range of crypto products by introducing an Exchange Traded Note (ETN) on Litecoin (LTC).

According to the press release, Litecoin ETN is available for trading via Xetra and Börse Frankfurt. The issuer of the product is ETC Group.

The LTCetc - ETC Group Physical Litecoin ETP now enables investors to participate in the performance of the cryptocurrency Litecoin on Xetra without having to set up crypto wallets. The ETN, which is physically backed by Litecoin, has been admitted to the Regulated Market of the Frankfurt Stock Exchange and is centrally cleared via Eurex Clearing. This allows investors to benefit from significantly reduced risks in the settlement of exchange transactions. 

The product offering in Deutsche Börse's ETF & ETP segment currently comprises a total of 1,659 ETFs and 205 ETCs and ETNs. With this selection and an average monthly trading volume of around €16.5 billion, Xetra is the leading trading venue for ETFs and ETPs in Europ.

​Last month, Fazzaco reported that Deutsche Börse expanded innovative centrally cleared crypto offering on Xetra with Ethereum and Bitcoin Cash. Additionally, the exchange reported its February 2021 figures at Eurex​, with OTC Clearing keeping strong performance.