September 21, 2023

Vienna and Singapore Stock Exchanges add Bitcoin and Ether based products

Vienna Stock Exchange Wiener Börse has added support for a Bitcoin-based product. As reported by the issuer 21Shares AG's crypto derivatives, exchange traded products (ETP) based on Bitcoin and Ethereum, began trading on the exchange on September 1 under the tickers ABTC and AETH, respectively.

Head of Development, Wiener Börse Thomas Reinernoted that this will allow local "savvy investors" to take advantage of the benefits the stock market has to offer crypto traders, including "traceable, regulated and transparent trading with real-time information and secure settlements through regulated brokers."

Hani Rashwan, CEO of 21Shares, said that thanks to the listing on Wiener Börse, Bitcoin ETP is now available in the markets of Germany, Austria and Switzerland.

Singapore Exchange (SGX) also launched an indexBitcoin and Ether prices in collaboration with CryptoCompare. The tools do not allow bidding, but can be used by local companies wishing to launch their own products based on a data source. SGX's head of index services Simon Karaban said:

"The world is rapidly moving towards digitalization in the creation and accumulation of wealth, and digital assets are becoming more widespread among investors."