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Germany's Stock Exchange Set To List Bitcoin ETF

Emily Mason

Summary: Bitcoin will become the first cryptocurrency product to launch on Germany's stock exchange, the Deutsche Börse’s XETRA platform, according to a recent announcement. The exchange will soon list a BTC-pegged Exchange Traded Fund (ETF) by ETC group, which will back BTC's movements. U.S. based wallet firm BitGo will be the custodian for Bitcoins in the ETF. The ...

Bitcoin will become the first cryptocurrency product to launch on Germany's stock exchange, the Deutsche Börse’s XETRA platform, according to a recent announcement.

The exchange will soon list a BTC-pegged Exchange Traded Fund (ETF) by ETC group, which will back BTC's movements. U.S. based wallet firm BitGo will be the custodian for Bitcoins in the ETF. The listing comes three months after the German regulator officially recognized cryptocurrencies as financial instruments.

The crypto product will be listed as BTCE and each unit is worth 0.001 BTC. Bradley Duke, CEO of ETC group, said that this development will bring transparency and security touted by traditional finance to the crypto trading world. 

By Emily Mason

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