Back to overview 02.12.2021

Issuer of the world’s most traded Bitcoin ETP1 to launch five new digital asset backed products on XETRA

  • 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 20212
  • Products will be marketed and distributed by exchange traded product specialists, HANetf
Issuer of the world’s most traded Bitcoin ETP to launch five new digital asset backed products
						on XETRAs

ETC Group (www.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 BTCetc– 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 5.

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
SOLetc – 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
ADAetc – 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/blog/blog_02.07.2021/
  • 5 https://www.eurex.com/ex-en/find/news/Eurex-announces-launch-of-Bitcoin-ETN-futures-2753220
  • 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

Disclosure | Copyright © 2022 ETC Group. All rights reserved

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This website is for information only. It does not provide investment, tax or legal advice or recommendations. According to the applicable laws and regulations in your jurisdiction, some contents on this website or the access to certain contents on this website might be restricted.

Disclaimer: The material and information contained on this website is for informational purposes only and ETC Management Ltd, its affiliates, and subsidiaries are not soliciting any action based upon such material. The material and products do not represent or shall not be inferred as an offer or a recommendation to buy or sell a security, nor shall it be considered or treated as investment advice. Additionally, the material accessible through this website does not constitute a representation that the investments described herein are suitable or appropriate for any person. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on any information.

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You must inform yourself about, and observe any such restrictions in your jurisdiction and by accessing this website you represent that you have done so. The information on this website is not for distribution and does not constitute an offer to sell or the solicitation of any offer to buy any securities in the United States to or for the benefit of any United States person (being residents of the United States or partnerships or corporations organised under the laws thereof).

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Use of this website does not result in a contractual relationship between the user and ETC Issuance GmbH. To that extent, no contractual or quasi-contractual claims arise against ETC Issuance GmbH as a consequence of visiting this website.

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No content of this website should be considered as an offer to purchase any product or securities as described on this website. The prices and valuations published on this website are indicative and are for information purposes only, as is other information displayed on this website. Any person making offer of securities described on this website shall observe and strictly comply with restrictions on the usage of information pursuant to these Terms and Conditions, as well as any restriction imposed by a prospectus published with respect of any securities described or applicable laws and regulation, including without limitation restrictions imposed by the EU Prospectus Regulation (REGULATION (EU) 2017/1129 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 14 June 2017).

Authorised Investors

Any securities described on this website are not permitted to be offered for sale in all countries and are in each case reserved for investors who are authorised to purchase the securities. Selling restrictions applicable to specific products are set out in the relevant prospectus and should be read carefully by investors. Any restrictions imposed by the relevant prospectus are in addition and without prejudice to any restriction or prohibition established by laws or regulations of any jurisdiction.

United States Persons and legal entities resident in the United States

Securities issued by ETC Issuance GmbH or its affiliates have not been registered under the U.S. Securities Act of 1933, as amended, (the "Securities Act"). The Bonds are being offered outside the United States of America (the "United States" or "U.S.") in accordance with Regulation S under the Securities Act ("Regulation S"), and may not be offered, sold or delivered within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

The information provided on this website is not directed to any United States person or legal entity or any state thereof, or any of its territories or possessions.

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Information from this website may not be distributed or redistributed into the United States or into any jurisdiction where it is not permitted.

Exclusion of liability for content

Some documents displayed on the website and its content are restricted to ”Professional Investors” only and are not intended for retail or private investors. By making use, opening, or downloading such documents, you agree that you are an “Institutional Investor” as defined here: https://www.handbook.fca.org.uk/handbook/COBS/3/5.html, and have read, understood and accepted the conditions.

Certain documents made available on this website may have been prepared and issued by persons other than ETC Issuance GmbH. This includes any prospectus and additional documents thereto. ETC Issuance GmbH is not responsible in any way for the content of any such document. Except in those cases, the information on the website has been given in good faith and every effort has been made to ensure its accuracy. Nevertheless, ETC Issuance GmbH shall not be responsible for any loss which is a direct or indirect result of reliance placed on any part of the website and it makes no warranty as to the accuracy of any information or content on the website. The terms and conditions of securities applicable to investors will be set out in the relevant prospectus, available on the website and should be read prior to making any investment.

Risk Warnings

You should always bear in mind that:

Investors should refer to the section entitled “Risk Factors” in the relevant prospectus for further details of these and other risks associated with an investment in the securities offered by the Issuers before investing.

Changes of terms and conditions of website use

ETC Issuance GmbH reserves the right to modify or amend these Terms and Conditions at any time without prior warning.

Copyright

Content and design of this website are protected by copyright and other applicable laws. Any copying of the website or of its content requires the prior written consent of ETC Issuance GmbH.

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