Börse Stuttgart Expands Its Holdings of ADA and XLM


The second-largest stock exchange in Germany has added ETN to two new cryptos, ADA and XLM. It now has shares focused on 22 different digital properties.

Jurgen Dietrich, the exchange’s director, said that investor interest is rising all the time. Since new ETNs are being introduced, investors will be able to generate additional revenue from ADA and XLM.

Users were warned that transactions would take place between 08:00 and 22:00. (CET). 21Shares will introduce creative investment tools based on Cardano and Stellar. The assets’ value will be tracked in euros.

Remember that the first encryption based on a digital asset was introduced to users in 2017. Such investment instruments have been in high demand ever since.

The rise of cryptocurrency explains the preference for ADA and XLM. ADA is the seventh most valuable cryptocurrency, with a market capitalization of $51 billion.

XLM has a market capitalization of $14 billion and is ranked 16th. Both cryptos are common among investors, which means that securities based on them would be as well.


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