EQONEX Expands Investment Product Offering, Adds USD Denominated Bitcoin ETN

EQONEX Limited, a digital assets financial services company, is expanding its Investment Product offering with a USD denominated Bitcoin Exchange-Traded Note (ETN) available on the Deutsche Börse XETRA Exchange.   

The USD denominated EQONEX Bitcoin ETN follows hot on the footsteps of the inaugural Euro denominated version launched in July. EQONEX received ETN prospectus approval from Germany's Federal Financial Supervisory Authority (BaFin) and has a roadmap to offer a suite of crypto exchange-traded products in the near future.  

EQONEX Bitcoin ETNs provide direct investment exposure to bitcoin via an exchange-traded, physically-backed product. Investors can trade in and out of ETNs via their existing brokerage accounts with Euro or USD. The bitcoin underlying the ETN will be stored in the group's Financial Conduct Authority (FCA) registered custody provider Digivault, which is one of only 35 exchange or custody providers to hold this accreditation.

Frank Copplestone, EQONEX Head of Investment Products said:"We were excited to offer our first Euro denominated Bitcoin ETN earlier this year. For many, the USD remains a default investment currency, so we were eager to prioritise a USD version which also bears our hallmark benefits such as free redemptions and secure custody."

"Exchange-traded products provide investors with a familiar access point for gaining exposure to new asset classes such as bitcoin and we are looking forward to building out a multi-currency offering."