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The Vienna Stock Exchange welcomes Bitpanda Issuance GmbH, a new product provider that gives the possibility to participate in the performance of Bitcoin. The Bitpanda Bitcoin ETC is continuously tradable as a debt security as of today. On the stock exchange, market participants benefit from monitored and transparent trading as well as secure settlement via their securities account, without having to open their own crypto wallet. According to the product description, the tracked underlying Bitcoin is backed "physically" in a Cold Storage. Lang & Schwarz provides liquidity. The Vienna Stock Exchange thus offers 13 crypto-linked ETPs from 9 issuers.
ETP (Exchange Traded Product) is a general term for financial products which are traded on exchanges and track the performance of underlying assets. These include ETFs (Exchange Traded Funds) which bundle diversified equity investments in a fund, ETCs (Exchange Traded Commodity/Currency/Crypto) or ETNs (Exchange Traded Notes) which can also represent individual underlyings and securitize claims against the issuing company as debt instruments. The performance of crypto assets and products based on them is subject to high price fluctuations.
