Latest news with #Xetra
Business Mayor
26-05-2025
- Business
- Business Mayor
Amundi joins in European defence ETF trend
The Amundi Stoxx Europe Defense UCITS ETF will track the STOXX Europe Total Market Defense Capped index, investing in firms with revenue exposure to defence activities. WisdomTree Defence ETF most successful passive launch in firm's history Initially launching on the Euronext Paris market, it will 'soon' be available on the Xetra and Borsa Italiana exchange, but there is no word yet on a London listing, however Amundi was contacted to clarify. This is the latest in a recent flurry of tracker products focused on European defence, with WisdomTree leading the charge back in April. …
Business Upturn
23-05-2025
- Business
- Business Upturn
VIRTUNE ACCELERATES EUROPEAN EXPANSION WITH XRP ETP DEBUT ON DEUTSCHE BÖRSE XETRA
By GlobeNewswire Published on May 23, 2025, 13:17 IST Frankfurt, 23 May 2025 – Swedish regulated crypto asset manager Virtune brings its flagship Virtune XRP ETP to Germany's premier trading venue Deutsche Börse Xetra, extending its regulated digital asset offerings to Europe's largest economy. With strong traction and consistent inflows across the Nordic region – driven by growing interest and adoption of crypto – expanding into Germany through the listing on Xetra marks a strategic milestone for Virtune. Since its inception in May 2023, Virtune has experienced rapid growth in the Nordics, listing 16 products and attracting over 140,000 investors in just two years. The key success factors have been Virtune's educational focus, transparent market approach, and regulated status. This expansion not only responds to growing investor interest but also strengthens Virtune's presence across the European market. Virtune XRP ETP is a 100% physically backed investment product, providing investors with secure, regulated, and easy exposure to XRP, one of the globally leading crypto assets. Virtune XRP ETP was initially listed on Nasdaq Stockholm in Sweden in July 2024 and has since attracted over 50,000 investors and more than USD 125 million in assets under management, making it the most popular ETP in Virtune's product suite. Coinbase serves as the product's crypto custodian, providing institutional-grade security with the underlying XRP held in cold storage. Virtune has actively listed ETPs on Nasdaq Stockholm, Nasdaq Helsinki, and other regulated European markets. Its goal is to provide seamless access to crypto assets through regulated ETPs, with a strong focus on transparency, education, and investor protection – ultimately driving crypto adoption among both retail and institutional investors. Christopher Kock, CEO of Virtune: 'We are proud to launch our XRP ETP on Xetra and expand our footprint in Germany. XRP has long been one of the most actively traded and recognized digital assets globally, and our physically backed ETP provides a robust and secure way to gain exposure to it. This listing underscores our commitment to broadening access to crypto assets across Europe.' Key Product Information: – Exposure to XRP– 100% physically backed by XRP – 1.49% annual management fee Virtune XRP ETP: – Trading Currency: EUR– First Day of Trading: Friday, 23rd of May 2025– Xetra Exchange Ticker: VRTX– Bloomberg Ticker: VIRXRP– ISIN: SE0021486156– WKN: A4AKW5– Exchanges: Deutsche Börse Xetra, Nasdaq Stockholm, Nasdaq Helsinki For further inquiries, please contact: Christopher Kock, CEO & Member of the Board of DirectorsMobile: +46 70 073 45 64 Email: [email protected] About Virtune AB (Publ): Virtune with its headquarters in Stockholm is a regulated Swedish digital asset manager and issuer of crypto exchange traded products on regulated European exchanges. With regulatory compliance, strategic collaborations with industry leaders and our proficient team, we empower investors on a global level to access innovative and sophisticated investment products that are aligned with the evolving landscape of the global crypto market. Cryptocurrency investments are associated with high risk. Virtune does not provide investment advice. Investments are made at your own risk. Securities may increase or decrease in value, and there is no guarantee that you will recover your invested capital. Please read the prospectus, KID, terms at . Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Yahoo
28-03-2025
- Business
- Yahoo
BlackRock Launches Bitcoin ETP in Europe, Marking Key Step for Institutional Adoption Despite Modest Inflows
BlackRock has launched its iShares Bitcoin exchange-traded product (ETP) in Europe, marking a significant moment for Bitcoin's institutional adoption in the region. The product began trading on March 25 on major European exchanges, including Xetra, Euronext Amsterdam, and Euronext Paris. However, analysts believe that the demand for the ETP in Europe will be lower compared to the U.S. market, where BlackRock's iShares Bitcoin Trust ETF has experienced significant inflows. In fact, BlackRock's U.S. ETF has captured over 50% of the market share for spot Bitcoin ETFs, with its holdings valued at $49 billion as of March 27, 2025. While the launch in Europe is seen as a positive step for Bitcoin's mainstream adoption, analysts at Bitfinex pointed out that U.S. spot Bitcoin ETFs benefitted from deep institutional demand and strong retail investor participation, which hasn't yet been fully mirrored in Europe. Despite this, they believe that BlackRock's entry into the European market is an important development. They also mentioned that although the market in Europe may take time to grow, BlackRock's presence could encourage other institutions to consider Bitcoin investment products. According to Iliya Kalchev, an analyst at Nexo, the early-stage inflows in Europe shouldn't be seen as a failure. Instead, he attributes the smaller initial interest to structural market differences, suggesting that long-term success will rely more on factors like infrastructure, education, and regulatory clarity. Kalchev emphasized that BlackRock's established reputation can help build momentum over time, even if the initial inflows are modest. Despite the slower pace in Europe, the launch of BlackRock's Bitcoin ETP is still viewed as a critical step in the asset's global adoption. The firm, which manages over $11.6 trillion in assets, could potentially pave the way for more institutional investors to explore Bitcoin. As the regulatory environment surrounding cryptocurrencies evolves in Europe, analysts expect that institutional participation will grow, particularly as clearer regulations emerge. The U.S. market has seen rapid growth, with Bitcoin ETFs surpassing $126 billion in cumulative holdings by January 2025. However, European Bitcoin ETFs are expected to develop at a slower pace. As BlackRock's Bitcoin ETP continues to trade in Europe, its future success will depend on how well it can adapt to the market's unique characteristics and the infrastructure that supports it. Despite these challenges, analysts remain optimistic about the long-term outlook for Bitcoin's adoption in Europe.
Yahoo
26-03-2025
- Business
- Yahoo
BlackRock to List Bitcoin ETP in Europe in First Crypto Foray Outside U.S.
BlackRock (BLK), the global asset manager behind the largest U.S. spot bitcoin (BTC) exchange-traded fund (ETF), listed a bitcoin exchange-traded product (ETP) in Europe on Tuesday, its first crypto ETP outside North America. The iShares Bitcoin ETP started trading on Xetra and Euronext in Paris under the ticker IB1T and on Euronext Amsterdam as BTCN, according listing details on iShares' website. The company's iShares Bitcoin Trust ETF (IBIT) is by far the largest of the 12 spot bitcoin ETFs listed in the U.S., with net assets worth over $50 billion and cumulative net inflows of just under $40 billion, according to data tracked by SoSoValue. An equivalent product listed in Canada in January. Although the listing of bitcoin ETFs in the U.S. at the start of 2024 was considered a watershed moment for the crypto industry, similar products have existed in Europe for several years as ETPs. Digital asset managers CoinShares and 21Shares have led the way, accounting for nine of the top 20 ETPs by assets between them, according to data tracked by ETFbook. CoinShares Physical Bitcoin ETP is the largest, with $1.3 billion under management and a 0.25% fee. Coinbase (COIN), which provides custody for IBIT, will do the same for the BlackRock's European product. The fee for the European ETP is temporarily reduced by 10 basis points to 0.15% until the end of 2025. BlackRock's ETP introduction was reported earlier by Bloomberg. UPDATE (March 25, 11:34 UTC): Adds trading started in first paragraph, Canada ETF in third, European industry in fourth. Sign in to access your portfolio
Bloomberg
25-03-2025
- Business
- Bloomberg
BlackRock Debuts Bitcoin Exchange-Traded Product in Europe
BlackRock Inc., the world's largest asset manager, is launching a Bitcoin exchanged-traded product in Europe, following the success of its $48 billion US fund tracking the cryptocurrency. The iShares Bitcoin ETP will list on Xetra and Euronext Paris under the ticker IB1T and on Euronext Amsterdam under BTCN on Tuesday, the company said in a statement. The product will debut with a temporary fee waiver of 10 basis points — reducing its expense ratio to 0.15% until the end of the year.
