Vienna and Singapore stock exchanges embrace Bitcoin and Ethereum

Published at: Sept. 2, 2020

The Vienna Stock Exchange, or Wiener Börse, has become just the third “official regulated market” worldwide to list a Bitcoin (BTC) product.

The exchange listed 21 Shares AG’s Bitcoin and Ethereum (ETH) exchange-traded products (ETPs), ‘ABTC’ and ‘AETH’, on September 1.

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! https://t.co/jX3UOnsytA

— 21Shares (@21Shares_) September 1, 2020

Thomas Rainer, Wiener Börse’s head of development, emphasized that the listing allows “experienced, local investors” to access the benefits that a stock market can offer to crypto traders, including “monitored, regulated, and transparent trading with real-time information and secure settlement via their regular brokers.”

21Shares’ chief executive, Hany Rashwan, highlighted that Wiener Börse’s listings mean that the Bitcoin ETPs are now available to all three ‘DACH’ nations — Germany, Austria, and Switzerland.

“We are happy to share that Bitcoin is now accessible everywhere for both retail as well as institutional investors across the entire DACH region.”

He added: “Outside the DACH region, no other jurisdiction globally provides such comprehensive and ample access to Bitcoin”

In July, 21Shares’ Ethereum and Bitcoin ETPs were also admitted to list on Deutsche Boerse’s XETRA reference market, which hosts more than 90% of German share trades and roughly 30% of European ETF trading. In less than two years of operating, 21Shares has attracted more than $100 million worth of assets under management.

In another boost to the institutional adoption of cryptocurrency, Singapore Exchange (SGX) announced it would list price indexes for Bitcoin and Ethereum in partnership with U.K.-based crypto data firm CryptoCompare.

While the indexes do not enable SGX users to trade cryptocurrencies, the price feeds can be used by other Singaporean firms seeking to launch BTC or ETH products a way to track the price fluctuations of the crypto assets in real-time from a trusted source.

“As the world moves swiftly towards digitization in the creation and accumulation of wealth, digital assets are increasingly being adopted by investors,” said Simon Karaban, SGX’s head of index services.

Tags
Bitcoin
Ethereum
Business
Singapore
Cryptocurrencies
Switzerland
Germany
Austria
Vienna
Related Posts
Fintech company Leonteq expands crypto offerings in Europe
Following the successful expansion of its cryptocurrency service within its homeland of Switzerland, fintech firm Leonteq has now launched a collaborative effort with ICF Bank — one of Germany’s leading securities trading banks — to bring crypto to institutional investors throughout Germany and Austria. Well regarded for their accolades in the Swiss markets, including being the “world’s first short tracker certificate on Bitcoin in 2017, as well as the world’s first reverse convertible on Bitcoin in 2019,” the firm is now set to make further strides in the emerging space. Following the evolution of a multi-year relationship, Leonteq and ICF …
Bitcoin / Aug. 16, 2021
Crypto News From the German-Speaking World: Aug. 24–31 in Review
The German-speaking world continues to keep up a fast pace in regard to cryptocurrencies and blockchain implementation. Among other stories during the past week: the Cabinet of Germany and Deutsche Bundesbank are working closely on issues related to central bank digital currencies, the Swiss Federal Council expressed its official opinion on Facebook's Libra, Bitwala launched an all-in-one mobile Bitcoin bank app and more. Swiss crypto banks receive licenses from a financial regulator Two Swiss crypto-specializing organizations, Seba Crypto AG and Sygnum, received banking and securities dealer licenses from the Swiss Financial Market Supervisory Authority (FINMA), the banks announced in separate …
Blockchain / Sept. 1, 2019
Germany’s Second Largest Exchange Boerse Stuttgart Lists Short Bitcoin ETP
Investors looking to short Bitcoin (BTC) have a new option in Germany. On Feb. 25, Boerse Stuttgart — the country’s second-largest stock exchange — announced the listing of an exchange-traded product (ETP) that is inversely correlated to the cryptocurrency’s price swings. Hedging against all scenarios The inverse ETP is issued by crypto fund manager 21Shares, formerly known as Amun. The product offers investors a positive return whenever Bitcoin’s price falls — minus a daily management fee. Already listed on Switzerland's principal stock exchange SIX Swiss Exchange, the 21Shares Short Bitcoin ETP (SBTC) will reach an even wider investor base via …
Bitcoin / Feb. 25, 2020
Swiss crypto bank Sygnum secures in-principal approval in Singapore
Sygnum Singapore, a subsidiary of Switzerland-based cryptocurrency bank Sygnum, is expanding services after securing new regulatory approval from local authorities. The company announced Tuesday that Sygnum Singapore received in-principle approval from the Monetary Authority of Singapore (MAS) to offer three additional regulated activities under capital markets services (CMS) license. The CMS license was initially granted in 2019, allowing Sygnum Singapore to conduct asset management activities. The latest in-principle regulatory approval upgrades Sygnum Singapore to enable new tools like providing corporate finance advisory services, dealing with tokenized capital market products and digital assets, as well as offering custodial services for asset …
Bitcoin / March 8, 2022
HK and Singapore’s mega-rich are eyeing crypto investments: KPMG
Hong Kong and Singapore’s wealthy elite appear to be looking at digital assets with fervor, after a new report from KPMG suggesting over 90% of family offices and high-net-worth individuals (HNWI) are interested in investing in the digital assets space or have already done so. According to an Oct. 24 report from KPMG China and Aspen Digital titled “Investing in Digital Assets,” as much as 58% of family offices and HNWI of respondents in a recent survey are already investing in digital assets, and 34% “plan to do so.” The survey took the pulse from 30 family offices and HNWIs …
Bitcoin / Oct. 25, 2022