21Shares launches first short bitcoin ETP on Xetra

21Shares has launched a new short bitcoin exchange traded note (ETN) on Xetra and Börse Frankfurt.

With the 21Shares Short Bitcoin ETP, investors can participate in the opposite performance of the crypto currency Bitcoin for the first time. 

The Exchange Traded Note (ETN) physically deposited with Bitcoin was admitted to the Regulated Market of the Frankfurt Stock Exchange and is centrally cleared via Eurex Clearing. Through central clearing, investors benefit from significantly reduced risks in the settlement of transactions.