Both new and fully backed ETPs offer institutional and private investors stable, regulated access to Bitcoin and Ethereum, representing nxtAssets GmbH’s latest expansion in the digital asset space. The crypto backing guarantees precise price tracking and enables investors to transfer their holdings to personal wallets at any time. This launch addresses the increasing demand for crypto exposure, catering to investors looking for direct investment in popular cryptocurrencies. Additionally, Bank Vontobel takes up market making for the first time in this segment, further enhancing liquidity and trading efficiency for these ETPs.
Since the beginning of the year, the 184 ETPs on cryptocurrencies listed at SIX Swiss Exchange have recorded a trading turnover of CHF 1.15 bn and 58’012 trades. Compared to the first quarter of the previous year this marks an increase of 28.5%. Among the total 184 ETPs with cryptocurrency underlyings, in terms of trading volume share, Bitcoin this year dominates demand with 44.3% and Ethereum accounts for 8.16%. The introduction of the two new products reflects this trend, offering investors exposure to Ethereum and Bitcoin, each backed by their respective underlying cryptocurrencies.
Dirk Hess, Managing Director, nxtAssets GmbH, said: “We are excited to join SIX Swiss Exchange as a new issuer of crypto ETPs. Our new products provide investors with direct and secure access to Bitcoin and Ethereum, ensuring a precise tracking of their price movements and the ability to transfer holdings to personal wallets. Furthermore, through having Crypto Finance (Deutschland) GmbH as custody service provider, nxtAssets ensures highest security standards.”
Danielle Reischuk, Senior ETFs & ETPs Sales Manager at SIX, adds: "We are pleased to welcome nxtAssets GmbH as new issuer of two ETPs with crypto underlying assets. From efficient listing to the robust trading platform to seamless settlement, including high-quality financial information as well as reference data from Ultumus, we offer the full spectrum of international ETP services along the entire value chain for the benefit of our customers. Our goal is to expand the offering of innovative digital assets for investors and provide market participants with a stable and accessible environment for crypto investments. The inclusion of nxtAssets GmbH underscores our commitment to expanding investors' access to innovative digital asset products."
nxtAssets GmbH facilitates simple and secure investments in cryptocurrencies, comparable to the ease of purchasing stocks through a bank or broker. The company's 100% physically backed crypto ETPs are stored in Germany. Supported by Swiss banks Vontobel and Bergos, broker Interactive Brokers, Group Deutsche Börse, and Börsenmedien AG, nxtAssets GmbH integrates traditional financial expertise and investor protection with the cryptocurrency sector. nxtAssets GmbH provides transparent access to digital assets such as Bitcoin and Ethereum.