Crypto Exchange Bitpanda Lists Bitcoin Exchange-Traded Note on Deutsche Boerse

Crypto Exchange Bitpanda Lists Bitcoin Exchange-Traded Note on Deutsche Boerse
Bitpanda, a cryptocurrency investment platform based in Vienna, has launched its first exchange-traded cryptocurrency note (ETC). The note will track the price of bitcoin and be traded in euros.Bitpanda, which has a valuation of $4.1 billion, said the Bitpanda Bitcoin ETC is listed on Deutsche Boerse’s Xetra market. It plans to add more crypto ETC products in 2022.The Bitpanda Bitcoin ETC is physically backed by bitcoin kept in cold storage with a regulated custodian. The product is targeting investors looking to “diversify their portfolio and get access to the world of cryptocurrencies,” Bitpanda said.This year has been characterized by the…