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
AVIS IMPORTANT :
Cet article ne constitue ni un conseil en investissement ni une offre ou une sollicitation d'achat de produits financiers. Cet article est uniquement à des fins d'information générale, et il n'y a aucune assurance ou garantie explicite ou implicite quant à l'équité, l'exactitude, l'exhaustivité ou la justesse de cet article ou des opinions qui y sont contenues. Il est recommandé de ne pas se fier à l'équité, l'exactitude, l'exhaustivité ou la justesse de cet article ou des opinions qui y sont contenues. Veuillez noter que cet article n'est ni un conseil en investissement ni une offre ou une sollicitation d'acquérir des produits financiers ou des cryptomonnaies.
AVANT D'INVESTIR DANS LES CRYPTO ETP, LES INVESTISSEURS POTENTIELS DEVRAIENT PRENDRE EN COMPTE CE QUI SUIT :
Les investisseurs potentiels devraient rechercher des conseils indépendants et prendre en compte les informations pertinentes contenues dans le prospectus de base et les conditions finales des ETP, en particulier les facteurs de risque mentionnés dans ceux-ci. Le capital investi est à risque, et des pertes jusqu'à concurrence du montant investi sont possibles. Le produit est soumis à un risque intrinsèque de contrepartie à l'égard de l'émetteur des ETP et peut subir des pertes jusqu'à une perte totale si l'émetteur ne respecte pas ses obligations contractuelles. La structure juridique des ETP est équivalente à celle d'une dette. Les ETP sont traités comme d'autres instruments financiers.
