Share this article
Exchange-Traded Notes for XRP, Litecoin Launch on Boerse Stuttgart
Germany’s second-largest stock exchange, Boerse Stuttgart, now offers trading in XRP and litecoin-based ETNs issued by XBT Provider.
Updated Sep 13, 2021, 9:11 a.m. Published May 13, 2019, 12:42 p.m.
Make us preferred on Google
Germany’s second-largest stock exchange, Boerse Stuttgart, has launched trading for exchange-traded notes (ETNs) based on two cryptocurrencies – XRP and .
Boerse Stuttgart announced Monday that Sweden-based firm, XBT Provider, is issuing four securities that will track the price of XRP and LTC in relation to the euro and Swedish krona, with all four now available for buying and selling on the exchange.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
ETNs are unsecured debt securities that, like exchange-traded funds (ETFs), are traded on a stock exchange. Such products allow investors to gain exposure to asset classes, including cryptocurrencies, without actually purchasing them directly.
‘There is a lot of interest in cryptocurrencies,” Boerse Stuttgart's director for blue chips & funds trading, Jürgen Dietrich, said. Such ETNs will allow investors in Germany to track "future price developments" of the two cryptocurrencies “for the first time," he said.
The XRP and litecoin ETNs will be tradeable on the exchange between 8:00 and 22:00 hours CET (07:00 and 21:00 hours UTC).
The notes have already been trading in Sweden at Boerse Stuttgart’s wholly owned subsidiary Nordic Growth Market exchange since April, according to the announcement.
Earlier this year, Switzerland-based stock exchange SIX Group also listed an XRP-based exchange-traded product (ETP). SIX now has a total of four cryptocurrency ETPs listed, with XRP, bitcoin and ether products, as well as another that tracks the top-five cryptocurrencies in terms of market capitalization and liquidity.
Boerse Stuttgart image via Shutterstock
More For You
Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.
What to know:
Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.
The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.
More For You
HYPE token surges 24% as silver futures volume soars on Hyperliquid exchange
Silver futures on the crypto derivatives exchange are currently showing $1.25 billion in volume and $155 million in open interest.
What to know:
- HYPE, the native token of the Hyperliquid derivatives exchange, jumped 24% in 24 hours as trading in silver, gold and other commodities surged.
- Silver perpetual futures on Hyperliquid became the platform’s third most active market during Asia hours.
- Because trading fees from user-created markets are used largely to buy back HYPE on the open market, the spike in commodity activity is fueling demand for the token and signaling broader growth for Hyperliquid.
Top Stories
