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ETC Group Launches Bitcoin Cash ETC To Satisfy Professional Investor Demand for Digital Asset Products

ETC Group Launches Bitcoin Cash ETC To Satisfy Professional Investor Demand for Digital Asset Products
  • BCHetc - ETC Group Physical Bitcoin Cash (ticker: BTCH) will join ETC Group’s stable of market leading crypto ETPs including Europe’s most liquid Bitcoin ETP - BTCE[1]
  • ETC Group’s BCHetc - ETC Group Physical Bitcoin Cash combines the lowest cost available of all Bitcoin Cash ETPs[2] together with ETC Group’s market leading product quality, security, safety, and regulatory framework

London, 21 September 2021 - ETC Group (etc-group.com), the specialist provider of innovative, digital asset-backed debt securities, announces that it is launching a Bitcoin Cash Exchange Traded Product (ETP) on Deutsche Börse XETRA, available for trading from 21 September 2021.

With 1.95% TER, the new crypto product, called BCHetc - ETC Group Physical Bitcoin Cash (ticker: BTCH) aims to be the lowest cost Bitcoin Cash product available currently, whilst benefiting from the high quality, institutional grade security and custody, and 100%% physically backed features that match ETC Group’s other ETC securities. Produced in response to strong demand from institutional investors, the XETRA listing brings BTCH within particularly easy reach of investors in Germany, which now boasts some of the most crypto friendly tax laws in mainland Europe.

Bitcoin Cash (BTCH) began as a fork of the original cryptocurrency, Bitcoin, and in the intervening years has seen global merchant adoption as a cross-border payments protocol promising cheap, fast transactions, with all the security, transparency, and tamper-resistant benefits of a world-leading blockchain. In October 2020 Bitcoin Cash, was chosen with only three other cryptocurrencies to form the backbone of payments services Venmo and Paypal’s crypto strategies, putting Bitcoin Cash in reach of millions of new users in the US and across the world[3].

European professional investors prefer to trade Bitcoin Cash via an ETP[4] and this listing on XETRA is especially relevant for European investors as they can now get exposure to Bitcoin Cash with the liquidity and security that comes with trading an institutional-grade product on Europe’s largest ETF trading venue[5].

As an asset backed debt security that is approved and issued in Germany, investors do not need to engage with the technical challenges of purchasing and storing digital assets themselves via crypto exchanges, or the management of cryptographic keys. Fully fungible with Bitcoin Cash, the ETP is marketed and distributed across Europe by HANetf, alongside ETC Group’s existing physical ETPs based on Bitcoin, Ethereum and Litecoin.

Bradley Duke, CEO of ETC Group said:

Following the successful launch of our Bitcoin, Ethereum and Litecoin ETCs, which are now the most traded products of their kind in Europe, we have seen strong demand from investors for a Bitcoin Cash product. We expect BCHetc - ETC Group Physical Bitcoin Cash to prove popular with professional investors who want a cleaner, simpler and more secure way to gain exposure to the booming investment universe of digital assets. Bradley Duke, CEO, ETC Group

Hector McNeil, co-Founder and co-CEO at HANetf, said:

ETC Group has established itself as a market leader in offering investment products focused on crypto assets. ETC Group has expanded its presence in the market with the listing of new crypto product, BCHetc - ETC Group Physical Bitcoin Cash. ETC Group is building products that adhere to the complex and exacting standards of the institutional investor and BCHetc - ETC Group Physical Bitcoin Cash will give investors another secure way to gain exposure to crypto products. BTCH follows the hugely successful launches of BTCE – ETC Group Physical Bitcoin, ZETH -ETC Group's Physical Ethereum and ELTC - ETC Group Physical Litecoin. Hector McNeil, co-Founder and co-CEO at HANetf

Past performance is no guarantee of future performance. Cryptocurrencies are highly volatile, and your capital is at risk.

[1] Source: Bloomberg as of 15.09.2021
[2] 21Shares Bitcoin Cash ETP, 2.50% TER
[3] https://www.coindesk.com/markets/2021/08/10/venmo-credit-card-holders-can-now-trade-cash-back-for-crypto/ | https://newsroom.paypal-corp.com/2020-10-21-PayPal-Launches-New-Service-Enabling-Users-to-Buy-Hold-and-Sell-Cryptocurrency
[4] https://www.hanetf.com/article/668/pressemitteilung-neue-umfrage-ergibt-dass-etps-das-bevorzugte-instrument-sind-fr-professionelle-investoren-in-europa-um-in-bitcoin-zu-investieren
[5] https://www.xetra.com/resource/blob/59130/080ca33ee4e455c7dbda9469bd11724b/data/Exchange-Traded-Funds-ETFs-Xetra_en.pdf

Copyright © 2024 ETC Group. All rights reserved

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.

À propos de ETC Group

ETC Group développe des instruments financiers innovants adossés à des actifs numériques, notamment l'ETC Group Physical Bitcoin (BTCE) et l'ETC Group Physical Ethereum (ZETH), qui sont cotés sur des échanges européens, comme le XETRA, Euronext, SIX, AQUIS UK et Wiener Börse.

ETC Group a lancé le premier produit négocié en bourse (exchange traded product- ETP) Bitcoin à compensation centralisée au monde en juin 2020 sur la Deutsche Börse XETRA, la plus grande plateforme de cotation d'ETF d'Europe.

ETC Group travaille en permanence à l'élargissement de sa gamme d'ETPs garantis par des crypto-monnaies, de qualité institutionnelle, offrant aux investisseurs la possibilité de s'exposer au Bitcoin, à l'Ethereum, au Cardano, au Solana et à d'autres actifs numériques populaires sur les principales bourses européennes.

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Contact

Renseignements généraux info@etc-group.com
Investisseurs institutionnels institutional@etc-group.com
Demande de renseignements à la presse media@etc-group.com

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