Bitwise Physical Litecoin ETP
ELTC
Ticker
ISIN

Buy Litecoin

just like an ETF
  • NAV daily change
    -4.85 %
  • NAV YTD change
    -22.60 %
  • NAV since inception
    -68.87 %

Investment Objective

The Bitwise Physical Litecoin ETP (primary ticker: ELTC) is a physically backed exchange-traded product issued in Germany, designed to provide investors a secure and efficient way to gain exposure to Litecoin.

Institutional Focus

The ETP was designed to offer a secure and cost-efficient way to gain investment access to Litecoin (LTC). Issuer-default risk has been minimised due to an independent trustee holding the rights over all investor assets in custody for the benefit of investors. No wallet or new account are required. The issuer is domiciled in Germany.

Factsheet
Ticker
ISIN
ELTC Product Specifications

Advantages of ELTC

Trades like an ETF

Buy and sell like any stock or ETF through your regular broker or bank. No new account needed, just enter the ticker or ISIN on your trading platform.

Advanced ETP Structure

100% fully backed and issued in Germany, the ETP features an independent trustee and independent administrator, and can be redeemed for the underlying cryptocurrency, alternatively to selling on exchange.

Institutional-Grade Custody

Assets backing the ETP are kept in cold-storage custody and are secured by an independent trustee, thus mitigating issuer default risk.

Tier 1 Regulatory Framework

Issued and domiciled in Germany, tradable on XETRA and many additional plattforms, and with German financial authority approved base prospectus.

Specifications

Key Information

Primary Ticker ELTC
ISIN DE000A3GN5J9
WKN A3GN5J
TER 2.00% p.a.
Asset Class Digital Assets
Underlying Exposure Litecoin (LTC)
Strategy Delta-One
Replication Method Physically allocated (100% fully backed)

Composition

0 logo Litecoin (LTC) 100 %

NAV

NAV (USD)
$ 7.59
NAV to previous day
-4.85%  /  $ -0.39

Performance

Year NAV
YTD -22.60%
2024 35.52%
2023 9.08%
2022 -54.05%
2021 36.76%
2020 0.00%

Assets under Management

Asset Name Litecoin
Asset Symbol LTC
Shares outstanding 867,910
AUM in Cold-Storage LTC 79,818.76
AUM market value (USD) $ 6,586,271.54
Cryptocurrency Entitlement (per unit) LTC 0.09196663

ELTC Trading Information

Currency
Exchange
ISIN
WKN
Valoren
Ticker BBG
SEDOL
RIC
Ticker
Listing date:
ISIN -
WKN -
Valoren -
ELTC NA
SEDOL BN0Z9X1 NL
RIC ELTC.AS
Ticker
Listing date:
ISIN -
WKN A3GN5J
Valoren -
ELTC GR
SEDOL BMW2449
RIC ELTC.DE
Ticker
Listing date:
ISIN -
WKN A3GN5J
Valoren -
ELTE GR
SEDOL BMFCDS3
RIC ELTE.DE
Ticker
Listing date:
ISIN -
WKN -
Valoren 111198508
ELTCGBP SW
SEDOL BMZ5V22
RIC ELTCGBP.S
Ticker
Listing date:
ISIN -
WKN -
Valoren 111198508
ELTCCHF SW
SEDOL BMZ5V11
RIC ELTCCHF.S
Ticker
Listing date:
ISIN -
WKN A3GN5J
Valoren -
ELTC AV
SEDOL BN4QCT7 AT
RIC DE000A3GN5J9=VI
Ticker
Listing date:
ISIN -
WKN -
Valoren -
ELTC FP
SEDOL BN0Z9V9 FR
RIC ELTC.PA

Buy and sell just like stocks or ETFs

Use the securities account you already have or select from a wide range of platforms.

  1. Open your online securities account and call up the order mask.
  2. Insert ticker, ISIN, or name of the product and select trading platform (Our products are tradable at least on Xetra or other major primary listing exchanges).
  3. Set amount and review your order to ensure accuracy before confirming the trade.
Registered for sale
cz flag Česká Republika dk flag Danmark de flag Deutschland es flag España fr flag France hr flag Hrvatska ie flag Ireland it flag Italia lu flag Luxembourg mt flag Malta nl flag Nederland no flag Norge at flag Österreich pl flag Polska ch flag Schweiz fi flag Suomi se flag Sverige

Liquidity Ecosystem

Market Makers /
Authorised Participants (APs)
detailed info
Flow Traders B.V.
Susquehanna International Securities Limited
Goldenberg Hehmeyer LLP
DRW Europe B.V.
Jane Street Financial Limited
XTX Markets SAS
Makor Securities London Ltd (Enigma Securities)
Product Details

Structure

Domicile Germany
Issue Date 15.03.2021
Primary Listing Exchange Deutsche Börse XETRA
Primary Listing Date 14.04.2021
Legal Form Debt Security, fully asset-backed
Product Structure ETP (Exchange Traded Product)
Redemption by Investors* Yes
Creation & Redemption (APs) In-kind
Leverage 1:1 (No leverage)
Minimum Investment 1 unit
Expiry Date Open ended
Replication Method Physically allocated (100% fully backed)
Lending No
* Possible against the undelrying cryptocurrency or in cash in cases where redemption in cryptocurrency is not possible for regulatory reasons.

Key Service Providers

Issuer Bitwise Europe GmbH
Prospectus Competent Authority BaFin (Germany)
Custodian Zodia Custody (Ireland) Limited
Security Trustee The Law Debenture Trust Corporation p.l.c.
Administrator Apex Corporate & Advisory Services Ltd
Registrar Clearstream Banking AG
Paying Agent & Fiscal Agent Quirin Privatbank AG

Underlying Price Reference

Benchmark Name Bloomberg Cryptocurrency Fixing for Litecoin
Bloomberg Ticker XLC CFIX Curncy
Benchmark Provider Bloomberg
Price Reference Currency USD
NAV Valuation Method Daily NAV

Fees

Management Fee (TER) 2.00% p.a.
Performance Fee None
Entry/Exit Fees* None
* Your broker may charge commissions to buy and sell the ETP

Legal & Tax

UCITS Compliant No
UCITS Eligible Eligible but not compliant with UCITS*
SFDR Classification Contact us for more information
ISA Eligible Yes
SIPP Eligible Yes
* Currently, there are no definitive regulatory indications to determine the suitability of this ETP for investment in UCITS. Bitwise has conducted an internal analysis, applying the UCITS eligibility framework to ETPs with cryptocurrencies as underlying assets. For further information, please contact us at europe@bitwiseinvestments.com.

Institutional Custody

Custodian logo

Bitwise only partners with leading providers of digital asset custody. Zodia Custody (Ireland) Limited is a European digital assets custodian registered in the UK, Ireland and Luxembourg, underpinned by 160 years of institutional custody expertise thanks to the institutions backing the firm.

European & Custodian

Zodia is based in London and registered in the UK with the Financial Conduct Authority (FCA), in Ireland with Central Bank of Ireland (CBI) and in Luxembourg with the Commission de Surveillance du Secteur Financier (CSSF).

Cold Storage img Custody

Zodia's cold storage custody wallets are fully segregated wallets in line with CASS principles.

Institutional-Grade img Security

The wallets have an involvency remote trust structure. Each wallet is cryptographically guaranteed for Proof-of-Ownership and Proof-of-Management, ensuring unparalleled security.

Secure & img Certified

Zodia custody features a bank-grade compliance & governance framework and is SOC 1 and ISO 27001 certified.

Risk Warnings

  1. Cryptocurrencies and products linked to cryptocurrencies are highly volatile.
  2. You can lose some or all of your investment.
  3. Risks of investing are numerous and include market, price, currency, liquidity, operational, legal, and regulatory risks.
  4. Exchange traded products do not offer a fixed income or match precisely the performance of the underlying cryptocurrency.
  5. Investment in cryptocurrencies and products linked to cryptocurrencies are only suitable for experienced investors and you should seek independent advice and check with your broker prior to investing.
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Les produits d’investissement domiciliés en Europe et présentés sur ce site sont des Exchange Traded Commodities (« ETC »), instruments financiers considérés comme des titres de créances complexes par l'Autorité des Marchés Financiers, présentant des risques difficilement compréhensibles par le grand public. À ce titre, leur distribution en France répond à des règles spécifiques. Il relève de la responsabilité des intermédiaires et investisseurs professionnels souhaitant offrir des ETCs à leurs clients de s'assurer que leur distribution auxdits clients est réalisée dans le respect de la réglementation française.

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Risk Warnings

  • Cryptocurrencies and products linked to cryptocurrencies are highly volatile.
  • You can lose some or all of your investment.
  • Risks of investing are numerous and include market, price, currency, liquidity, operational, legal and regulatory risks.
  • Exchange traded products do not offer a fixed income or match precisely the performance of the underlying cryptocurrency.
  • Investment in cryptocurrencies and products linked to cryptocurrencies are only suitable for experienced investors and you should seek independent advice and check with your broker prior to investing.

All investors should read the relevant base prospectus and final terms contained on this website before investing and, in particular, the section entitled ‘Risk Factors' for further details of risks associated with an investment.

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Buy Bitwise Physical Litecoin ETP through your regular online broker or bank

Buy this ETP using your existing brokerage account, or choose from a variety of platforms:

Array flag USA
  • Česká Republika flag Česká Republika
  • Danmark flag Danmark
  • Deutschland flag Deutschland
  • Eesti flag Eesti
  • España flag España
  • France flag France
  • Hrvatska flag Hrvatska
  • Ireland flag Ireland
  • Italia flag Italia
  • Luxembourg flag Luxembourg
  • Malta flag Malta
  • Nederland flag Nederland
  • Norge flag Norge
  • Österreich flag Österreich
  • Polska flag Polska
  • Portugal flag Portugal
  • Schweiz flag Schweiz
  • Slovenija flag Slovenija
  • Slovensko flag Slovensko
  • Suomi flag Suomi
  • Sverige flag Sverige
  • USA flag USA
  • Ελλάδα flag Ελλάδα
  • Κύπρος flag Κύπρος
How to order the ETP in stock market trading:
  • Open your online securities account
  • Call up the order mask
  • Set amount
  • Enter order details using the ISIN or WKN
    of the desired product
  • Select trading platform (our ETPs are all tradable on at least Xetra)
  • Place the order
What to do if the ETP is not available to you?

Contact your online trading platform or your bank's customer service to request trading access to our products. Always include ISIN and ticker in your request. If you face any difficulties, send us an email with further information to europe@bitwiseinvestments.com. We are here to help and may contact your online trading platform or bank to help resolve the issue.

Risks Involved in Investing in ETPs

  • Cryptocurrencies and products linked to cryptocurrencies are highly volatile.
  • You can lose some or all of your investment.
  • Risks of investing are numerous and include market, price, currency, liquidity, operational, legal, and regulatory risks.
  • Exchange traded products do not offer a fixed income or match precisely the performance of the underlying cryptocurrency.
  • Investment in cryptocurrencies and products linked to cryptocurrencies are only suitable for experienced investors and you should seek independent advice and check with your broker prior to investing.

All investors should read the relevant base prospectus and final terms contained on this website before investing and, in particular, the section entitled ‘Risk Factors’ for further details of risks associated with an investment.

Redirection to external website

The website or web pages to which you are redirected are not owned by Bitwise. Bitwise therefore shall not be held liable for any information, data, details, explanations and representations (hereinafter referred to as "Information") provided on such websites, in particular not for damages that may result from the use of this Information for your own investment decisions. Price and performance data on the websites of Bitwise may differ from the price information on the websites of the respective online brokers or banks.

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By clicking the "Continue" button, you will be forwarded directly to the website or login or order screen of the selected provider. In the case of an order form, the following fields are usually preset: ISIN, buy/sell and exchange. It should be possible to change such fields at any time. We recommend to carefully check all the details in the securities order form before placing an order.