List of Bitcoin ETPs from Iconic Funds at Deutsche Börse Xetra

Bitcoin ETP (XBTI) from digital asset management company Iconic Funds launched today on Deutsche Börse Xetra, the German stock exchange and exchange traded funds. In the last 12 months, Bitcoin-backed exchange traded products (ETPs) have risen sharply on German stock exchanges. An ETP offers investors a profitable way of exposure to Bitcoin without "technical difficulties", according to an Iconic press release. "Iconic's mission is to drive the adoption of crypto assets by creating reliable investment tools so that investors can have seamless exposure to the evolving asset class," said Patrick Lowry, CEO of Iconic, in a statement. Iconic Funds physical Bitcoin ETP is listed and starts trading on Deutsche Börse's Xetra today! @DeutscheBoerse #assetmanagement #cryptoinvesting #BitcoinETP https://t.co/omzfO0kMDg – Iconic Funds (@iconic_funds) May 12, 2021 Frankfurt-based startup is a joint venture between the crypto asset management group Iconic Holding and Cryptology Asset Group. It was founded by legendary entrepreneurs Christian Angermayer and Mike Novogratz. ETPs and institutional investments at the German financial services firm ETC Group were the first to launch Bitcoin ETP in 2020 after German financial regulator BaFin adopted cryptocurrencies as financial instruments. Since then, others have followed him, including the Tree of Wisdom and 21 Shares. "There is a large and rapidly growing demand from investors of all types who want to access crypto assets," said Michael Geister, president of Iconic's Crypto ETPs, when the startup product was first announced. He also noted that the European crypto ETP market has grown to over $ 5 billion in assets managed in a short time. Damn Huge: Germany opens to institutional crypto funds Germany has enacted an important law in the past 18 months to regulate and legitimize crypto assets. Spezialfond in July 4000

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