ETC Group
Core Bitcoin
BTC1
Ticker
ISIN

High Efficiency. Low Cost.

  • NAV daily change -1.87%
  • NAV since inception -5.01%

Investment Objective

ETC Group Core Bitcoin (primary ticker: BTC1) is a physically backed exchange-traded product (ETP) designed to provide investors with a secure and cost-effective instrument to gain exposure to Bitcoin. BTC1 tracks the CME CF Bitcoin Reference Rate benchmark and offers easy access, high tradability, transparency, and institutional-grade custody within a robust, fully backed ETP structure.

Institutional Focus

BTC1 is a first-of-its-kind Bitcoin ETP specifically designed for benchmark-conscious, long-term buy-and-hold investors and global institutional investors with extended liquidity and risk management needs. Thanks to its unique Tri-NAV valuation method, BTC1 unites CF Benchmark primary market liquidity from the US, Europe, and Asia, offering institutional investors significantly extended primary market trading windows.

Factsheet
Ticker
ISIN

BTC1 Product Specifications

Why BTC1?

Competitive Cost

Cost-efficient total expense ratio (TER) of 0.30% p.a.

Institutional Benchmark

Tracks the institutional-grade Bitcoin price benchmark by CF Benchmarks, ensuring accuracy and reliability in tracking Bitcoin's price movements.

Tier 1 Regulatory Framework

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

Extended Primary Market Liquidity

First of its kind Tri-NAV valuation method, giving institutional investors a longer and deeper primary market liquidity window.

Advanced ETP Structure

100% fully backed, physical redemption, independent administrator, and full transparency through real-time proof of holdings feature.

Institutional-Grade Custody

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

Specifications

Key Information

Primary Ticker BTC1
ISIN DE000A4AER62
WKN A4AER6
TER 0.30% p.a.
Asset Class Digital Assets
Underlying Exposure Bitcoin (BTC)
Strategy Core, Delta-One
Replication Method Physical (100%)

Composition

0 logo Bitcoin 100 %

NAV

NAV (USD)
$ 6.13
NAV to previous day
-1.87%  /  $ -0.12

Performance

Period NAV
1 month
3 months
YTD
Since inception -5.01%

Assets under Management

Asset name Bitcoin
Asset symbol BTC
Shares outstanding 270,000
AUM in cold storage BTC 26.99
AUM market value (USD) $ 1,655,129.61
Cryptocurrency Entitlement (per unit) BTC 0.00009997

BTC1 Trading Information

Trading Currency
Exchange
ISIN
WKN
Valoren
Ticker BBG
SEDOL
RIC
Ticker
Listing date:
ISIN DE000A4AER62
WKN A4AER6
Valoren -
BTC1 GR
SEDOL BP9S3Y4
RIC BTC1.DE
Ticker
Listing date:
ISIN DE000A4AER62
WKN A4AER6
Valoren -
BTC2 GR
SEDOL BP9S3X3
RIC BTC2.DE

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).
  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.
Jane Street Financial Limited
Susquehanna International Securities Limited
XTX Markets SAS
Goldenberg Hehmeyer LLP
Makor Securities London Ltd (Enigma Securities)
DRW Europe B.V.
Product Details

Structure

Domicile Germany
Issue Date 05.04.2024
Primary Listing Exchange Deutsche Börse XETRA
Primary Listing Date 25.04.2024
Legal Form Debt Security, fully asset-backed
Product Structure ETP (Exchange Traded Product)
Redemption by Investors* Yes
Creation & Redemption (APs) ** Cash and in-kind
Leverage 1:1 (No leverage)
Minimum Investment 1 unit
Expiry Date Open ended
Replication Method Physical (100%)
Lending No
* Possible against the undelrying cryptocurrency or in cash in cases where redemption in cryptocurrency is not possible for regulatory reasons.
** Cash Creation/Redemption with the issuer planned availability from Q3 2024

Key Service Providers

Issuer ETC Issuance 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 CME CF Bitcoin Reference Rate*
Bloomberg Ticker BRR Index
Benchmark Provider CF Benchmarks
Price Reference Currency USD
NAV Valuation Method Triple Daily NAV
* CF Benchmark BRR (official); CF Benchmark BRRNY and BRRAP (execution)

Fees

Management Fee (TER) 0.30% 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. ETC Group has conducted an internal analysis, applying the UCITS eligibility framework to ETPs with cryptocurrencies as underlying assets. For further information, please contact us at investors@etc-group.com.

Institutional Custody

ETC Group 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.

Custodian logo

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 the highest level of security.

Secure img & Certified

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

Key risks of Crypto ETPs

  1. Investor's capital is at risk and investors may not get back the amount originally invested and should obtain independent advice before making a decision.
  2. Any decision to invest should be based on the information contained in the relevant prospectus.
  3. ETP securities are structured as debt securities, not as equity.
  4. ETPs trade on exchanges like securities. They are bought/sold at market prices which may be different to the net asset value of the ETP.

Buy ETC Group
Core Bitcoin
through your regular online broker or bank

Add crypto to your portfolio while using your existing account, or choose a new. Select trading platform:

Select your country
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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 info@etc-group.com. We are here to help and may contact your online trading platform or bank to help resolve the issue.

Redirection to external website

The website or web pages to which you are redirected are not owned by ETC Group. ETC Group 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 ETC Group may differ from the price information on the websites of the respective online brokers or banks.

The information on the websites to which you are redirected is the sole responsibility of their providers. The offers you find on the providers' websites are expressly not directed at persons in countries that prohibit the provision or retrieval of the content posted therein. Each user is responsible for finding out about any restrictions before accessing the websites and complying with them.

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.