Forex in this article
by Julia Gro, Euro am Sonntag
D.he British ETC Group, together with HANetf, made the first tracker product on the crypto currency Litecoin available to German investors via Xetra trading last week. The Physical Litecoin ETC (ISIN: D.E 000 A3G N5J 9) is a physically deposited bond and shows the price development of the Bitcoin alternative Litecoin. The annual fee is two percent. The Litecoin rate has more than quintupled in the past twelve months.
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At the same time, Wisdomtree is launching a physically secured Bitcoin ETP (GB 00B JYD H28 7) with an annual fee of 0.95 percent. This increases the number of tracker products traded on the stock exchange on crypto currencies in Germany to nine.
Investors could already choose between four Bitcoin and three Ethereum ETPs from ETC Group / HANetf, 21Shares and VanEck. A total of almost two billion euros have been invested in it. This indicates great popularity, as the ETPs have only been available for a maximum of one year and, at 0.95 to 2.5 percent per year, cause relatively high costs. According to Statista, five percent of German investors currently hold cryptocurrencies.
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