- ETC Group to list five new physically backed ETCs on Xetra: Polkadot (Ticker: PLKA), Solana (Ticker: ESOL), Stellar (Ticker: STLR), Tezos (Ticker: EXTZ) and Cardano (Ticker: RDAN)
- New products join ETC Group’s suite of institutional-grade crypto exchange traded products including Bitcoin, Ethereum, Litecoin and Bitcoin Cash
- ETC Group are the issuer behind Europe’s most traded listed Bitcoin product in 2021[2]
- Products will be marketed and distributed by exchange traded product specialists, HANetf
ETC Group (etc-group.com), the specialist provider of institutional-grade digital asset-backed securities is delighted to announce that it would list five new exchange traded cryptocurrencies (ETCs) on Deutsche Börse XETRA in December 2021.
The new crypto ETCs include Polkadot (Ticker: PLKA), Solana (Ticker: ESOL), Stellar (Ticker: STLR), Tezos (Ticker: EXTZ) and Cardano (Ticker: RDAN).
The ETCs will be issued by ETC Group for primary EUR and USD listings and marketed and distributed by HANetf.
The ETCs provide investors with significant benefits over direct investment in digital assets, including:
Simple trading, with no digital wallet required
Investors can buy and sell like any stock or ETF through their regular broker or bank. No new account needed, products have a ticker and ISIN and can be added to an investor’s conventional stock portfolio.
Institutional-grade asset custody
The underlying digital asset is kept in cold-storage at a regulated custodian, and all assets are secured by an independent trustee, thus eliminating issuer default risk, a common feature for physical ETC structures.
100 % backed & physical redemption
Investors are legally entitled to the underlying digital asset, and can redeem the ETC for the сryptocurrency, alternatively to selling on exchange, hence providing pure exposure to the underlying.
Regulated and listed on major exchanges
Issued in Germany under German regulatory oversight, the ETCs’ primary listing is on XETRA, the largest ETF exchange in Europe.
Cryptocurrencies can be highly volatile, and your capital is at risk.
ETC Group has pioneered the digital asset management industry by providing institutional quality, 100% collateralised digital asset backed securities. The new cryptocurrencies join its suite of institutional-grade crypto exchange traded products including Bitcoin, Ethereum, Litecoin and Bitcoin Cash that trade on Deutsche Börse XETRA.
With a German domiciled issuer, its Bitcoin product BTCE– ETC Group Physical Bitcoin (Ticker: BTCE) was the first crypto product to be centrally cleared when it listed on XETRA [3] . ETC Group was also the first European digital asset manager to make its leading Bitcoin ETC carbon neutral, launching their initiative in June 2021 [4] . Thanks to its market leading liquidity, BTCE recently became the underlying product of Europe’s first Futures contracts announced by Eurex, Europe’s largest derivatives exchange.
During the first 11 months of 2021, BTCE had an order book turnover of over US$ 8 billion and was XETRA’s most traded Bitcoin exchange traded product to date in 2021 [6] . BTCE was also the second most traded product within the whole ETF & ETP Segment on Deutsche Börse XETRA, surpassing even some of the most traded and popular Blue Chip ETFs. Its assets increased from $89 million in October 2020 to over $1.7 billion assets in November 2021 [7].
Bradley Duke, Co-CEO of ETC Group said:
Investors in digital assets are becoming more sophisticated and demanding with an appetite for exposure beyond just bitcoin and ether. We are pleased to be able to meet their needs using the same secure structure and service providers we have in place for our best-in-class Physical Bitcoin ETP BTCE.
Hector McNeil co-Founder and co-CEO at HANetf:
We are delighted to partner with ETC Group again to offer five new products to the existing suite of exchange traded cryptocurrencies. Interest in exchange traded cryptocurrencies has been booming as they provide investors with a safe and liquid way to gain exposure to digital assets.
The five XETRA-listed crypto ETCs emphasize ETC Group’s leadership in crypto ETC innovation and product development approach based on what investors are asking for:
| Product | TICKER | ISIN | Description | Primary listing venue | Currency |
|---|---|---|---|---|---|
| DOTetc – ETC Group Physical Polkadot | PLKA | DE000A3GVKX6 | PLKA tracks the price of Polkadot's Dot governance token. Polkadot is a blockchain protocol that enables cross-blockchain transfers of any type of data or asset. | Deutsche Börse XETRA | EUR, USD |
| ESOL – ETC Group Physical Solana | ESOL | DE000A3GVKZ1 | ESOL tracks the price of Solana's cryptocurrency called Solana (SOL). Solana is a highly functional open-source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. | Deutsche Börse XETRA | EUR, USD |
| XLMetc – ETC Group Physical Stellar (Ticker: STLR) | STLR | DE000A3GVK06 | STLR tracks the price of Stellar’s cryptocurrency, the Stellar Lumen (XLM or "Lumen"), which powers the Stellar payment network. | Deutsche Börse XETRA | EUR, USD |
| XTZetc – ETC Group Physical Tezos | EXTZ | DE000A3GVK14 | EXTZ tracks the price of Tezos' Tez coin (XTZ, or "Tez"). Tezos is a smart contract blockchain network focused on security and scale for large value transactions. | Deutsche Börse XETRA | EUR, USD |
| RDAN – ETC Group Physical Cardano | RDAN | DE000A3GVKY4 | RDAN tracks the price of Cardano's native platform token ADA. Cardano is a blockchain built on a proof-of-stake consensus protocol that validates transactions without high energy costs. | Deutsche Börse XETRA | EUR, USD |
Cryptocurrencies can be highly volatile and your capital is at risk.
[1]CryptoCompare November DAMR https://data.cryptocompare.com/reports/digital-asset-management-review-november-2021
[2]Source: Deutsche Börse and Bloomberg, US$8.004data up to 09/11/2021
[3]Source XETRA news release: https://www.xetra.com/xetra-en/newsroom/press-releases/list-press-releases/World-s-first-centrally-cleared-Bitcoin-ETN-launched-on-Xetra-2062116
[4]https://etc-group.com/newsroom/blog_02.07.2021/
[6]Source: ETC Group/Bloomberg for 01.01.2021 -23.11.2021
[7]Source: Deutsche Börse and Bloomberg, US$8.004data up to 09/11/2021
Important information:
This article does not constitute investment advice, nor does it constitute an offer or solicitation to buy financial products. This article is for general informational purposes only, and there is no explicit or implicit assurance or guarantee regarding the fairness, accuracy, completeness, or correctness of this article or the opinions contained therein. It is advised not to rely on the fairness, accuracy, completeness, or correctness of this article or the opinions contained therein. Please note that this article is neither investment advice nor an offer or solicitation to acquire financial products or cryptocurrencies.
Before investing in crypto ETPs, potentional investors should consider the following:
Potential investors should seek independent advice and consider relevant information contained in the base prospectus and the final terms for the ETPs, especially the risk factors mentioned therein. The invested capital is at risk, and losses up to the amount invested are possible. The product is subject to inherent counterparty risk with respect to the issuer of the ETPs and may incur losses up to a total loss if the issuer fails to fulfill its contractual obligations. The legal structure of ETPs is equivalent to that of a debt security. ETPs are treated like other securities.
