The leading German stock market operator – Deutsche Börse – noted that cryptocurrency exchange-traded products (ETPs) had been highly attractive options for investors over the past year. The company outlined that the average monthly trading turnover in crypto ETNs surged to more than $1 billion, or +922%, than in 2020 ($115 million).
Crypto ETPs with a Record Performance
Deutsche Börse presented the record numbers in its most recent report. To meet the growing demand for digital asset products, the stock market operator expanded its services in 2021.
It enabled clients to delve into 36 cryptocurrency exchange-traded notes (ETNs) focused on Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Polkadot (DOT), Cardano (ADA), and more. In comparison, those products were only four at the end of 2020.
A couple of months ago, Deutsche Börse announced the listing of a Bitcoin Spot ETN on its digital stock exchange Xetra. The product came from Invesco – an American management firm that previously filed for a Bitcoin futures ETF in the US but got rejected.
Additionally, last year Deutsche Börse included a multi-currency capability for ETFs. The new option allows customers to trade the same International Securities Identification Number (ISIN) in parallel across several currencies on Xetra.
With trading volumes of over $220 billion in 2021 and 1,757 different offerings, the latter remained Europe’s leading trading venue for ETFs, the stock market operator highlighted.
Investors have also shown huge interest in ESG ETFs and inflation-linked bonds. Commenting on the matter was Stephan Kraus – Head of Deutsche Börse’s ETF segment:
“Continued strong growth in our ESG segment reaffirms how mission-critical sustainability is for issuers and investors. With more than 500 ESG ETFs now on Xetra, we offer investors the largest range of products in Europe. We are working with issuers to expand this range further and meet ever-higher levels of demand.”
Deutsche Börse Bought a Majority Stake at Crypto Finance Group
Towards the end of 2021, the German company acquired a majority stake in Crypto Finance AG – a leading Swiss firm that provides digital asset services. Later on, Deutsche Börse revealed it could provide further crypto options to clients, including post-trades.
At the same time, the deal enabled Crypto Finance AG to access the German market ecosystem. Previously, it expanded its services to Singapore. Jan Brzezek – CEO at the firm – said:
“We are very excited to continue our success story with our colleagues, existing and new clients, and partners.”