Thematic-fund issuer Global X said it is launching two physically-backed cryptocurrency exchange-traded products, marking its first foray into spot crypto products.
- Global X Bitcoin ETP and Global X Ethereum ETP will list on Deutsche Borse Xetra under the tickers BT0X and ET0X, firm said in Thursday press statement
- Each product to be physically backed by their respective cryptocurrencies, with Coinbase Custody International Ltd. operating as custodian. Funds will list with arranger fee of 0.65%
- NOTE: Global X runs ETPs with more than $40 billion in assets. Other crypto-focused products include London-listed Global X Blockchain UCITS ETF (BKCH)
- NOTE: Spot trading ...
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