ETC Group to list exchange traded physical Ethereum and Litecoin ETCs on SIX Swiss Stock Exchange after success of Bitcoin ETC
ETC Group, the specialist provider of innovative, digital asset-backed securities, has announced that it will list its physically backed Ethereum and Litecoin cryptocurrency ETCs on the Swiss Stock Exchange SIX on May 25th 2021.
The listing of ZETH -ETC Group’s Physical Ethereum ETC (Ticker: ZETH) and ELTC - ETC Group´s Physical Litecoin ETC (Ticker: ELTC) in USD, CHF and GBP, follows the huge success of ETC Group’s first Bitcoin based product - BTCE – ETC Group Physical Bitcoin ETC, which was listed on SIX in January 2021. All three products are also listed on XETRA, are issued by ETC Group and distributed by HANetf. The products are currently available on Six Swiss Exchange for professional investors only. Cryptocurrencies are highly volatile and your capital is at risk.
ETC Group is one of the leading providers of crypto ETCs within Europe and since launch has seen its assets under management grow to over $1 billion in just seven months [1] . BTCE was the top exchange traded product (ETC) performer for inflows, daily turnover and spreads among eight Bitcoin ETCs in Q1 in Europe[2] .
The Ethereum and Litecoin ETCs were listed on XETRA in February and April 2021 respectively. ETC Group Physical Ethereum ETC (ticker: ZETH) has surpassed USD $100 million assets [3] under management (AUM), since listing on Deutsche Börse’s XETRA platform on Tuesday 9th March 2021.
This growing range clearly shows the intent of ETC Group to be the leading crypto ETC provider in Europe.
Bradley Duke, CEO of ETC Group said:
Since we launched our BTCE Bitcoin Exchange Traded Crypto (BTCE) earlier this year on SIX, one of the world’s most advanced and crypto friendly stock exchanges, we’ve seen a very positive response from investors. Now, by giving access via SIX Swiss Exchange access to our Ethereum and Litecoin products, will further establish ETC Group’s leadership position in crypto based ETCs in Europe.
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. The cryptocurrencies will be 100 % physically backed.
Past performance is no guarantee of future performance. Cryptocurrencies are highly volatile, and your capital is at risk.
[1] Source: BTCE AUM $1.12billion as of 22.02.2021
[2] Source: HANetf Report
[3] Source: HANetf as of 14.05.2021
Important information:
This article does not constitute investment advice, nor does it constitute an offer or solicitation to buy financial products. This article is for general informational purposes only, and there is no explicit or implicit assurance or guarantee regarding the fairness, accuracy, completeness, or correctness of this article or the opinions contained therein. It is advised not to rely on the fairness, accuracy, completeness, or correctness of this article or the opinions contained therein. Please note that this article is neither investment advice nor an offer or solicitation to acquire financial products or cryptocurrencies.
Before investing in crypto ETPs, potentional investors should consider the following:
Potential investors should seek independent advice and consider relevant information contained in the base prospectus and the final terms for the ETPs, especially the risk factors mentioned therein. The invested capital is at risk, and losses up to the amount invested are possible. The product is subject to inherent counterparty risk with respect to the issuer of the ETPs and may incur losses up to a total loss if the issuer fails to fulfill its contractual obligations. The legal structure of ETPs is equivalent to that of a debt security. ETPs are treated like other securities.
