Vienna and Singapore stock exchanges list crypto products
The Vienna Stock Exchange now lists BTC and ETH products while the Singapore Exchange announces plans to list price indexes on the two cryptocurrencies
The Wiener Börse, otherwise known as the Vienna Stock Exchange, has recently become the world’s third “official regulated market” to have a Bitcoin (BTC) product listed. On September 1, the exchange listed 21 Shares AG’s Bitcoin and Ethereum (ETH) exchange-traded products (ETPs).
Bitcoin ETC will be trading under ABTC, and Ethereum ETP will be under AETH.
21 Shares shared the news to netizens on their Twitter account on Monday.
“Exciting news today, our #Bitcoin and #Ethereum ETPs — ABTC and AETH are the first crypto-centric ETPs admitted on @wiener_boerse, the Vienna Stock Exchange, one of the most established exchanges in Central, Eastern, and Southeastern Europe!” the tweet reads, with a preview of the Wiener Börse announcement attached.
The Head of Development at Wiener Börse, Thomas Rainer, emphasized that the listing gives local investors who are experienced in the industry the opportunity to access all the benefits that a stock market can offer to crypto traders — particularly that of having “monitored, regulated, and transparent trading with real-time information and secure settlement via their regular brokers”.
Hany Rashwan, the Chief Executive of 21Shares, pointed out that their listings at the Wiener Börse mean that Bitcoin ETPs can now be accessed in Germany, Austria and Switzerland. He stated that beyond this region, “no other jurisdiction globally provides such comprehensive and ample access to Bitcoin”.
In July of this year, the Ethereum and Bitcoin ETPs of 21Shares were also listed on the Deutsche Boerse’s XETRA reference market. This market is host to more than 90% of German share trades and approximately 30% of European ETF trading.
In under two years of operations, 21Shares has already managed to attract more than $100 million in assets under management.
The Singapore Exchange has also announced that it would list price indexes for Bitcoin and Ethereum in collaboration with CryptoCompare, a UK-based crypto data firm.
While the indexes will not allow SGX users to trade in crypto, the price feeds can be used as a valuable and trusted source of information by other Singaporean firms that are hoping to launch BTC or ETH products to track the price fluctuations of the crypto assets in real-time.
Singapore Exchange’s Head Of Index Services, Simon Karaban, believes that digital assets are quickly becoming a priority for investors.
“As the world moves swiftly towards digitization in the creation and accumulation of wealth, digital assets are increasingly being adopted by investors,” Karaban explained.