German stock exchange introduces bitcoin-backed security made in Switzerland

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An exchange-traded product that tracks the value of bitcoin landed on the German stock exchange today. It’s another first for 21Shares, a Swiss-based pioneer of crypto ETPs in Europe. The region is way ahead of the rest of the world as a market for regulated crypto securities, says CEO Hany Rashwan. He explains why many investors prefer ETPs to buying crypto assets outright and what makes the new product different.