The CurrencyShares Euro Trust ETF (FXE) or the Currency Euro Trust is a revocable trust. This Trust issues shares in blocks of 50,000 (baskets) in exchange for euro deposits and distributes euro in connection with the redemption of baskets. The Trust’s investment objective is to replicate the price of the euro plus accrued interest. The purpose of the units is to offer investors the opportunity to participate in the euro market by investing in securities.
The shares are traded on the NYSE Arca and are supported by the assets of the Trust, which does not own or use derivative products. The Trust holds euro and occasionally issues baskets in exchange for euro deposits and distributes euro in connection with the redemption of baskets.
To trade on CurrencyShares Euro Trust ETFs, you can use the Plus500 platform, which also specializes in online ETF trading as well as several other financial instruments.