Vienna Stock Exchange Joins the Crypto Revolution with ETP Listings

The Groundbreaking ETP Listings

On September 1, 2020, the Vienna Stock Exchange (also known as Wiener Börse) made history by becoming the third “official regulated market” globally to list Bitcoin (BTC) products. The launch included 21 Shares AG’s revolutionary exchange-traded products (ETPs) for Bitcoin and Ethereum, namely ‘ABTC’ and ‘AETH’.

Why This Matters

This significant step allows local and experienced investors in Central, Eastern, and Southeastern Europe to enjoy the benefits of the stock market while trading cryptocurrencies. Thomas Rainer, the head of development at Wiener Börse, points out that this means “monitored, regulated, and transparent trading” is now at their fingertips. If only they could get that kind of clarity into which way the market is going on a Tuesday!

Expanding Access Across the DACH Region

According to 21Shares CEO, Hany Rashwan, this means that access to Bitcoin has never been easier for retail and institutional investors across the entire DACH region—Germany, Austria, and Switzerland. It’s like giving everyone a VIP pass to the high-roller’s crypto club of investments!

What Does This Mean for Investors?

• Efficiency: Trading through regular brokers adds a layer of security and reassurance.
• Regulation: The monitored aspect ensures a safer trading environment compared to less formal avenues.
• Real-Time Information: Investors can keep a pulse on market fluctuations, which is crucial in this fast-paced world of crypto.

A Look Back at 21Shares

In its brief history of less than two years, 21Shares has certainly made waves, attracting over $100 million in assets under management. Previously, in July, its ETPs were introduced on Deutsche Börse’s XETRA, highlighting their rapid ascent in the crypto investment sphere. They’re like the crypto equivalent of that kid who wins every game of dodgeball on the playground!

What’s Next for Crypto in Global Markets?

Adding to the global momentum toward institutional crypto adoption, Singapore Exchange is also stepping up by announcing its partnership with U.K.-based CryptoCompare to list Bitcoin and Ethereum price indexes. Although these indexes won’t allow for actual cryptocurrency trading, they offer a reliable way for Singaporean firms to keep an eye on price trends. As Simon Karaban from SGX succinctly puts it, “As the world moves swiftly towards digitization in the creation and accumulation of wealth, digital assets are increasingly being adopted by investors.”