ETC Group lists Bitcoin & Ethereum ETCs on Euronext exchanges in Paris and Amsterdam
- Exposure to Bitcoin and Ether will be available via Euronext from June 1st 2021 via ETC Group’s institutional-grade exchange traded products (ETPs)
- The ETPs are 100% collateralized and can be redeemed for the underlying cryptocurrencies
- BTCE and ZETH to be the first crypto exchange traded products (ETPs) on Euronext exchanges
- BTCE and ZETH are the most liquid Bitcoin and Ethereum ETPs in Europe in Q1, 2021 and have traded $5.4bn & $297m respectively since being launched on the Deutsche Börse [1]
ETC Group announces that it is listing its market-leading ETCs - BTCE -ETC Group Physical Bitcoin (ticker BTCE) ‘BTCE’ and ZETH - ETC Group Physical Ethereum (ticker: ZETH) ‘ZETH’ on Euronext Paris in EUR and on Euronext Amsterdam in USD on 1 June 2021. The ETCs are issued in Germany by ETC Group and marketed and distributed by HANetf. Both products have been market leaders in terms of trading volumes and assets under management (AUM) since they launched on the Deutsche Börse [2] . The products are available on Euronext for professional investors only.
These latest listings of ETC Group’s flagship products are in response to continuing high demand for physically backed crypto ETPs, especially by European financial institutions who increasingly seek diversification through exposure to the most popular digital assets. BTCE and ZETH are among the first crypto based ETPs listed on Euronext exchanges.
BTCE -ETC Group Physical Bitcoin is currently Europe's most traded physical Bitcoin ETC in Q1, 2021 [3] having launched on XETRA in June 2020 and the SIX Swiss Exchange in January 2021. The product has seen assets under management grow to over $1 billion in just seven months [4] , and has been the top exchange traded product (ETP) performer for inflows, daily turnover and spreads among a total of eight Bitcoin ETPs within Q1, 2021 in Europe [5] .
Bradley Duke, CEO of ETC Group comments:
The success of BTCE -ETC Group Physical Bitcoin and ZETH - ETC Group Physical Ethereum is down to the team’s commitment and focus on customer centric innovation in product development. Whilst ETC Group’s listings in Germany and Switzerland are open to international as well as local investment, we recognise the benefits of listing on more country exchanges to make it easier for local investors to gain access to secure, regulated digital assets-backed securities. These latest listings in Paris and Amsterdam, both key financial hubs in Europe, increase the availability and ease of access to our ETC products for a wider range of institutional investors.
Amongst its other products, ETC Group’s Physical Ethereum ETC ‘ZETH’ has seen its assets [6] under management (AUM) surpass USD$100 million in under three months since its initial launch on Deutsche Börse’s XETRA platform in March 2021. ETC Group´s Physical Litecoin ETC was first listed on XETRA in April 2021.
The cryptocurrency ETCs provide investors with several benefits over investing directly in the cryptocurrencies they track. Traded on regulated markets, investors can buy and sell the ETCs in the same way they would when trading conventional shares, with the identical regulatory protections in place. The cryptocurrencies are 100 % physically backed.
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
Access to certain documents may require self-certification regarding your jurisdiction and investor status and may be subject to additional disclaimers and important information.
For further details, please refer to the full disclaimer available at: www.bitwiseinvestments.eu/disclaimer