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BCHetc - ETC Group Physical Bitcoin Cash (ticker: BTCH) will join ETC Group’s stable of market leading crypto ETPs
including Europe’s most liquid Bitcoin ETP - BTCE[1]
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ETC Group’s BCHetc - ETC Group Physical Bitcoin Cash combines the lowest cost available of all Bitcoin Cash ETPs[2]
together with ETC Group’s market leading product quality, security, safety, and regulatory framework
London, 21 September 2021 - ETC Group (etc-group.com), the specialist provider of innovative, digital asset-backed
debt securities, announces that it is launching a Bitcoin Cash Exchange Traded Product (ETP) on Deutsche Börse XETRA,
available for trading from 21 September 2021.
With 1.95% TER, the new crypto product, called BCHetc - ETC Group Physical Bitcoin Cash (ticker: BTCH) aims to be the
lowest cost Bitcoin Cash product available currently, whilst benefiting from the high quality, institutional grade
security and custody, and 100%% physically backed features that match ETC Group’s other ETC securities. Produced in
response to strong demand from institutional investors, the XETRA listing brings BTCH within particularly easy reach of
investors in Germany, which now boasts some of the most crypto friendly tax laws in mainland Europe.
Bitcoin Cash (BTCH) began as a fork of the original cryptocurrency, Bitcoin, and in the intervening years has seen
global merchant adoption as a cross-border payments protocol promising cheap, fast transactions, with all the security,
transparency, and tamper-resistant benefits of a world-leading blockchain. In October 2020 Bitcoin Cash, was chosen with
only three other cryptocurrencies to form the backbone of payments services Venmo and Paypal’s crypto strategies,
putting Bitcoin Cash in reach of millions of new users in the US and across the world[3].
European professional investors prefer to trade Bitcoin Cash via an ETP[4] and this listing on XETRA is especially relevant
for European investors as they can now get exposure to Bitcoin Cash with the liquidity and security that comes with
trading an institutional-grade product on Europe’s largest ETF trading venue[5].
As an asset backed debt security that is approved and issued in Germany, investors do not need to engage with the
technical challenges of purchasing and storing digital assets themselves via crypto exchanges, or the management of
cryptographic keys. Fully fungible with Bitcoin Cash, the ETP is marketed and distributed across Europe by HANetf,
alongside ETC Group’s existing physical ETPs based on Bitcoin, Ethereum and Litecoin.
Bradley Duke, CEO of ETC Group said:
Following the successful launch of our Bitcoin, Ethereum and Litecoin ETCs, which are now the most traded products of
their kind in Europe, we have seen strong demand from investors for a Bitcoin Cash product. We expect BCHetc - ETC Group
Physical Bitcoin Cash to prove popular with professional investors who want a cleaner, simpler and more secure way to
gain exposure to the booming investment universe of digital assets.
Bradley Duke, CEO, ETC Group
Hector McNeil, co-Founder and co-CEO at HANetf, said:
ETC Group has established itself as a market leader in offering investment products focused on crypto assets. ETC Group
has expanded its presence in the market with the listing of new crypto product, BCHetc - ETC Group Physical Bitcoin
Cash. ETC Group is building products that adhere to the complex and exacting standards of the institutional investor and
BCHetc - ETC Group Physical Bitcoin Cash will give investors another secure way to gain exposure to crypto products.
BTCH follows the hugely successful launches of BTCE – ETC Group Physical Bitcoin, ZETH -ETC Group's Physical
Ethereum and ELTC - ETC Group Physical Litecoin.
Hector McNeil, co-Founder and co-CEO at HANetf
Past performance is no guarantee of future performance. Cryptocurrencies are highly volatile, and your capital is at
risk.
Important Information
This publication constitutes a marketing communication and is provided for informational purposes only. It does not constitute investment advice, a personal recommendation, or an offer or solicitation to buy or sell any financial instrument.
This document (which may take the form of a presentation, press release, social media post, blog article, broadcast communication or similar instrument – collectively referred to as a “Document”) is issued by Bitwise Europe GmbH (“BEU” or the “Issuer”) and has been prepared in accordance with applicable laws and regulations, including those relating to financial promotions.
Bitwise Europe GmbH, incorporated under the laws of Germany, is the issuer of the Exchange Traded Products (“ETPs”) referenced in this Document under a base prospectus and the applicable final terms, as supplemented from time to time, approved by the German Federal Financial Supervisory Authority (BaFin). The approval of the prospectus by BaFin relates solely to the completeness, coherence and comprehensibility of the prospectus in accordance with the Prospectus Regulation and does not constitute an endorsement, recommendation or assessment of the merits of the products.
The market analyses, views and scenarios presented reflect the assessment as of the date of publication and are based on information considered reliable. However, no representation or warranty is made as to their accuracy or completeness. Forward-looking statements involve risks and uncertainties and are not guarantees of future performance. Past performance is not a reliable indicator of future results.
Capital at risk. Cryptoassets are highly volatile and involve a high degree of risk. The value of investments in cryptoassets and crypto-linked ETPs may fluctuate significantly, and investors may lose part or all of their invested capital. No capital protection or guaranteed compensation mechanism applies in respect of market losses.
Any investment decision should be made solely on the basis of the relevant base prospectus, the applicable final terms and the key information document, in particular the section entitled “Risk Warning”. The base prospectus, final terms and additional risk information are available at: www.bitwiseinvestments.eu
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