Crypto asset manager Bitwise launched the Bitwise Canton ETP (ticker: BWCC) on Deutsche Börse Xetra on Monday, giving European investors listed exposure to CC, the native token of the Canton Network.
The product tracks the Kaiko CANTO Reference Rate LDNLF and is fully backed by CC tokens held in cold storage. It carries a total expense ratio of 0.85% and is issued by Bitwise Europe GmbH in Germany. Deutsche Börse’s regulated market notice classifies the instrument as an ETN, with Monday confirmed as the first trading day in EUR.
The ETP can be bought and sold through a standard brokerage account without a crypto wallet, according to Bitwise’s announcement.
Bitwise describes Canton Network as a privacy-enabled blockchain built for capital markets, developed with participation from Goldman Sachs, BNP Paribas, Deutsche Börse, and Broadridge.
BWCC follows the launch of a separate U.S. product earlier this month. On 7 May, 21Shares listed the 21Shares Canton Network ETF (TCAN) on Nasdaq, data from Kaiko shows.
