Vienna and Singapore stock exchanges add Bitcoin and Ethereum products. Old Europe seems to be taking firm and established steps, as the German stock market demonstrated a few months ago.
The Vienna Stock Exchange, Vienna Stock Exchange, became the third official regulated market in the world in adding support for a product based on Bitcoin. And we are talking about the main stock exchange in Austria. The Vienna Stock Exchange is one of the oldest stock exchanges in the world and was founded in 1771 during the reign of Maria Theresa I of Austria, almost nothing. The most important stock index of the Vienna Stock Exchange is the Austrian Traded Index, owned by CEE Stock Exchange Group, one of the global actors with a great role in plays of pure speculation.
Thus I can state that the issuer of cryptographic derivatives 21Shares AG He has entered the game of poker, being the one who deals the cards. According to the release press release, Bitcoin-based exchange-traded products (ETPs) and Ethereum They began trading on the stock exchange on September 1 under the tickers ABTC and AETH, respectively.
The head of development Vienna Stock ExchangeThomas Reiner noted that this will allow “local investors” to take advantage of the benefits that the stock market has to offer traders. cryptocurrencies, , a traceable, regulated and transparent trade with real-time information and secure agreements through regulated brokers.
And for those who do not know what an ETP is, before continuing, I will leave you this short description.
An ETP is an investment vehicle that mimics the performance of a selection of related assets. ETPs are a popular investment method that combines the advantages of other trading instruments. The ETPs (exchange traded product) are designed to reflect an existing underlying market, such as an index, a commodity or currency, and even as we see, a cryptocurrency like Bitcoin. Your goal is simply to mimic the performance of the underlying market and obtain a similar result.
For its part, Hani Rashwan, 21Shares CEO, said that thanks to the listing on Wiener Börse, Bitcoin ETPs are now available in the markets of Germany, Austria and Switzerland, which together form the so-called DACH country block, according to the first letters of the names of the respective countries.
Isn't this great? This is happening now and in Europe. I would say in these letters that we should all applaud while reading this article.
I am really pleased to state in these lines that Bitcoin is now widely available to retail and institutional investors throughout the DACH region. No other jurisdiction outside of DACH worldwide offers such complete access to Bitcoin and in a regulated legal environment.
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