21Shares Receives CCP Clearance With Listing of SBTC

Vandana  |  Aug 31, 2020

21Shares, a leading issuer of crypto ETPs across the world has admitted to the Deutsche Boerse Xetra’s regulated market. The firm has received the CCP clearance with an additional listing of Short Bitcoin ETP, SBTC. With this, the firm receives the status of having the most expansive crypto assets regulated product suite across the whole industry.

SBTC could be seen as a tool that helps the investors to have exposure during the negative price movement of Bitcoin. This also reduces the counterparty risk for investors while they are trading with the brokers.

21Shares earlier dual-listed ABTC

Along with this announcement, it is also revealed that 21Shares has earlier dual-listed ABTC which was the world’s first Bitcoin ETP. The firm has listed this on Deutsche Boerse Xetra. With this, it has allowed the international investors to have access to this asset class along with an extremely familiar ETP structure.

According to the firm, this structure is extremely beneficial for investors during inverse exposure. CCP clearing could be seen by the investors when they are trading on any regulated exchange. With this feature, 21Shares has reduced the counterparty risk for the investors while they are trading SBTC.

Laurent Kssis, 21Shares managing director has said, “We have lobbied carefully but vigorously with the exchange to be in a position to launch the world’s first centrally cleared short Bitcoin ETP on a regulated trading venue.”

Boerse Frankfurt’s access is necessary to purchase ETPs

It is specified that in order to purchase 21Shares crypto ETP, one’s broker or bank needs to have access to the Boerse Frankfurt. SBTC could be seen as a great step towards mainstream crypto adoption in all the conventional financial portfolios. The firm is committed to introducing innovative products that will be offering huge exposure to cryptocurrencies. Along with this, it is also aiming to remain a leading crypto-asset issuance provider.

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