SIX Swiss Exchange welcomed nxtAssets GmbH as its newest issuer of Exchange-Traded Products (ETPs) with cryptocurrency underlyings.
nxtAssets GmbH has listed two fully backed products, one on Bitcoin and one on Ethereum, expanding the range of regulated digital asset investment opportunities available to institutional and private investors.
With this launch, nxtAssets GmbH becomes the 18th issuer of crypto ETPs on SIX, increasing the total number of listed crypto products to 398.
The newly introduced ETPs provide secure and regulated access to Bitcoin and Ethereum, ensuring precise price tracking and the flexibility for investors to transfer their holdings to personal wallets at any time.
This launch responds to the growing demand for crypto exposure, catering to investors seeking direct investment in leading cryptocurrencies.
Furthermore, Bank Vontobel has entered the segment as a market maker for the first time, enhancing liquidity and trading efficiency for these ETPs.
Since the start of the year, the 184 ETPs on cryptocurrencies listed on SIX Swiss Exchange have generated a trading turnover of CHF 1.15 billion across 58,012 trades, marking a 28.5% increase compared to the first quarter of the previous year.
Among these, Bitcoin remains the dominant asset in terms of trading volume, accounting for 44.3%, while Ethereum represents 8.16%.
The introduction of nxtAssets GmbH’s new products reflects this trend by offering investors direct exposure to both Bitcoin and Ethereum.
Dirk Hess, Managing Director of nxtAssets GmbH, stated:
“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 the highest security standards.”
Danielle Reischuk, Senior ETFs & ETPs Sales Manager at SIX, commented:
“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 enables simple and secure investments in cryptocurrencies, comparable to purchasing stocks through a bank or broker.
The company’s 100% physically backed crypto ETPs are securely stored in Germany.
Featured image credit: edited from SIX
