Deutsche Börse: 922% Increase in Investor Demand for Crypto Products

According to Deutsche Börse, the year 2021 was very successful for cryptocurrency exchange-traded products.

Deutsche Börse, the leading German stock market operator said that crypto exchange-traded products (ETPs) have become highly attractive options for investors over the past year. The stock exchange outlined that the average monthly trading turnover in crypto ETNs soared to more than $1 billion, or +922%, than in 2020 ($115 million).

Deutsche Börse revealed the record numbers in its most recent report. To meet the growing demand for crypto products, the stock market operator expanded its services last year.

It provided client exposure for 36 cryptocurrency exchange-traded notes (ETNs) focused on Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Polkadot (DOT), Cardano (ADA), and more. In comparison, those products were only four at the end of 2020.

Deutsche Börse also recently announced the listing of a Bitcoin Spot ETN on its digital stock exchange Xetra. The product came from Invesco – an American management firm that previously filed for a Bitcoin futures ETF in the US but got rejected.

In addition, in 2021 Deutsche Börse included a multi-currency capability for ETFs, allowing customers to trade the same International Securities Identification Number (ISIN) in parallel across several currencies on Xetra.

Last year’s trading volumes of over $220 billion and 1,757 different offerings, the latter remained Europe’s leading trading venue for ETFs, Deutsche Börse highlighted.

ESG ETFs and inflation-linked bonds have also gather a massive investor interest. Stephan Kraus, Head of Deutsche Börse’s ETF segment said:

“Continued strong growth in our ESG segment reaffirms how mission-critical sustainability is for issuers and investors. With more than 500 ESG ETFs now on Xetra, we offer investors the largest range of products in Europe. We are working with issuers to expand this range further and meet ever-higher levels of demand.”