EQOS - Eqonex introduces its first crypto-linked exchange-traded product

• Eqonex ( NASDAQ: EQOS ) has launched its first cryptocurrency-linked exchange-traded product. Shares are rising 4.5% in Monday morning trading.
• Specifically, the company introduced its Investment Products business with the listing of a Bitcoin Exchange-Traded Note ("ETN") on the Deutsche Börse XETRA Exchange.
• That move will be followed by a "pipeline of crypto investment and structured products earmarked for launch in the second half of 2022," Eqonex ( EQOS ) said.
• Note that the Bitcoin ETN provides investors based in Germany with direct exposure to bitcoin ( BTC-USD ) through an exchange-traded, physically-backed product. Moreover, investors can buy and sell the ETN through their existing brokerage accounts and will be able to redeem the underlying bitcoin ( BTC-USD ) for free using a custody account of Digivault, the company's Financial Conduct Authority registered custody provider.
• Going forward, "we see the German market as fertile ground for what is likely to be a growing suite of EQONEX exchange-traded products," said Eqonex CEO Jonathan Farnell.
• In May, Eqonex completed its first Bored Ape Yacht Club NFT over-the-counter trade .

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