Germany’s 2nd largest stock exchange Boerse Stuttgart lists inverse Bitcoin ETP

posted about 1 month ago
Traders seeking to short Bitcoin have a brand new choice in Germany. On Feb. 25th, Boerse Stuttgart — the nation’s second-largest stock exchange — introduced an ETP that’s inversely correlated to Bitcoin swings.

The inverse ETP is issued by crypto fund supervisor 21Shares, previously generally known as Amun. The product gives buyers a optimistic return each time Bitcoin’s worth falls — minus a daily administrative charge. Already listed on Switzerland’s principal inventory change SIX Swiss Exchange, the 21Shares Short Bitcoin ETP (SBTC) will attain a wider investor base through Boerse Stuttgart, which reported buying and selling volumes of 68.5 billion euro over the past year.
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