Goldman Sachs · Germany · The Block
Bitwise rolls out Canton Network ETP on Deutsche Börse Xetra
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Bitwise listed a new exchange-traded product tied to the native token of Canton Network (CC), a privacy-enabled permissioned blockchain developed with participation from institutions including Goldman Sachs, BNP Paribas, and Deutsche Börse.
Key facts
- Per The Block’s CC price page, Canton’s native token traded at $0.16 on Tuesday, down 1.4% over the past 24 hours
- Launched in 2023, Canton Network was developed by Digital Asset, a financial technology firm co-founded by DRW's Don Wilson
- Dubbed the Bitwise Canton ETP (BWCC), the product began trading on Deutsche Börse Xetra on Tuesday with a total expense ratio of 0.85% per annum
- The European ETP launch follows the debut of the first U.S. ETF tied to the same asset
Summary
Dubbed the Bitwise Canton ETP (BWCC), the product began trading on Deutsche Börse Xetra on Tuesday with a total expense ratio of 0.85% per annum. According to the statement, BWCC is issued by Bitwise Europe GmbH in Germany and can be bought or sold through traditional brokerage accounts without requiring investors to use a crypto wallet. “The Bitwise Canton ETP is a timely addition to our growing suite of European crypto ETPs,” Bradley Duke, Managing Director and Head of Europe at Bitwise, said. Launched in 2023, Canton Network was developed by Digital Asset, a financial technology firm co-founded by DRW's Don Wilson.