Vienna stock exchange adds ETP for bitcoin and ether for the first time

Vienna stock exchange Wiener Börse has added support for exchange-traded products (ETP) for bitcoin and ether under the tickers ABTC and AETH.

Thomas Rainer, head of development at Wiener Börse, noted that the placement of new exchange products will allow experienced cryptocurrency investors to take advantage of the stock market. According to Rainer, this market is able to provide them with the possibility of tracked, regulated and transparent trading. In addition, investors will be able to get information about the prices of the assets in real time and make use of secure payments through trusted brokers.

“We are pleased to announce that following the listing of ABTC and AETH on the Vienna stock exchange, bitcoin and ether have become available to retail and institutional investors in Germany, Austria and Switzerland. No other jurisdiction outside of these countries provides such extensive access to bitcoin, ” said 21Shares CEO Hany Rashwan.

The Singapore stock exchange (SGX) also added support for two cryptocurrency indexes, the iEdge Bitcoin Index and the iEdge Ethereum Index, for the first time. They do not allow SGX users to participate in trading, but Singapore firms that want to launch their own products based on BTC or ETH can use these indexes to track price fluctuations.

Recall that in January, the Issuer of digital assets 21Shares placed a new financial product Short Bitcoin ETP on the Swiss stock exchange, predicting a fall in the bitcoin exchange rate. Last fall, the firm also launched an ETP on Tezos (XTZ) on the Swiss stock exchange.