Cryptocurrency ETP issuer 21Shares has listed the first short bitcoin exchange-traded product (ETP) on the Deutsche Boerse.

The 21Shares Short Bitcoin ETP (SBTC) is also the world’s first centrally processed short bitcoin ETP which tracks the negative price movement of bitcoin.

The listing is the firm’s second on the Deutsche Boerse after it brought the 21Shares Bitcoin ETP (ABTC) to the German exchange in July.

Laurent Kssis (pictured), managing director at 21Shares, commented: “We have carefully but firmly carried out educational work with the exchange in order to be able to launch SBTC on a regulated trading venue.”

Hany Rashwan, CEO of 21Shares, added: “Investors are now able to implement any bitcoin strategy in a safe, regulated and conventional manner using a product that will enable them to participate positively in bitcoin's downward trend.”

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The first cryptocurrency ETP to be listed on the Deutsche Boerse was the BTCetc Bitcoin Exchange Traded Crypto (BTCE) in June after receiving approval from the German financial regulator, BaFin.

21Shares has also become the first issuer to list cryptocurrency ETPs on Wiener Boerse, the Vienna Stock Exchange, after it brought to the Austrian market ABTC and the 21Shares Ethereum ETP (AETH).

Thomas Rainer, head of business development at Wiener Boerse, said: “With this important listing, the Vienna Stock Exchange is expanding its selection of asset classes.

“Experienced, local investors can now benefit from the stock market advantages in crypto trading: Monitored, regulated and transparent trading with real-time information and secure settlement via their regular brokers account.”