Wiener Börse, the Vienna Stock Exchange, becomes the 3rd exchange venue globally to admit a Bitcoin Product on its official “regulated’ market segment.
Following the admission to listing on Deutsche Boerse XETRA in July 2020, Swiss-based ETP issuer 21Shares AG has now brought the first Bitcoin [BTC] and Ethereum [ETH] Products to the official market on the Austrian exchange bringing more security, transparency, and cost-effective access to investors seeking exposure to this alternative asset class. Starting effectively from 1st September 2020 the 21Shares Bitcoin ETP (ABTC – WKN A2T64E – Ticker 21XB) and the 21Shares Ethereum ETP (AETH – WKN A2T68Z – Ticker 21XE) can be traded on the official market of the Vienna Stock Exchange.
As a result of the listing on the Vienna Stock Exchange, the largest exchange in each of the three DACH [Germany, Austria, and Switzerland] countries has now admitted a Bitcoin ETP. This achievement further demonstrates institutional – and more importantly regulatory – acceptance of this emerging digital asset class. The two products ABTC and AETH are passported into Austria and authorized for distribution for both retail and institutional investors using a familiar and widely accepted financial structure.
“We are happy to share that Bitcoin is now accessible everywhere for both retail as well as institutional investors across the entire DACH region.” Hany Rashwan, CEO at 21Shares AG, says. “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.”
“With this important listing, the Vienna Stock Exchange is expanding its selection of asset classes. Experienced, local investors can now benefit from the stock market advantages in crypto trading: Monitored, regulated and transparent trading with real-time information and secure settlement via their regular brokers account,” says Thomas Rainer, Head of Business Development at Wiener Börse.
21Shares AG is one of Europe’s most innovative startups, pioneering the mainstream adoption of digital assets via a sophisticated ETP structure familiar to many who have a demand to invest in asset classes such as precious metals or commodities. The growth of the cryptocurrency market is reflected in 21Shares’ growth in Assets under Management which has seen its assets surpass USD 100 million in less than two years.