ETN and ETC – an alternative to bitcoin futures ETF
In Germany there are no Bitcoin Futures ETFs, but there are Bitcoin ETNs (Exchange Traded Notes) and ETCs (Exchange Traded Commodities). According to the regulations for European funds, an ETF must contain at least five different stocks in order for it to be called a fund. Because of the legal framework by the UCTIS Guidelines For example, only gold ETCs may be traded in this country. It currently seems unlikely that a crypto ETF will be approved for trading in Germany in the near future. German investors can only participate in the value development of digital assets such as Bitcoin and Ethereum via other exchange-traded products, such as ETC on the German market, without acquiring the coins.
Tip: If you still want to invest in ETFs like BITO, you can do so through foreign brokers like eToro or Lynx. at finanzen.net zero1 In addition to financial products such as TC and ETN, you can also trade other ETPs such as Bitcoin Cash, Polkadot, Solana, Stellar, Tezos, Cardano, Ripple and Polygon free of charge.