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
AVVISO IMPORTANTE:
Questo articolo non costituisce consulenza finanziaria, né rappresenta un'offerta o un invito all'acquisto di prodotti finanziari. Questo articolo è solo a scopo informativo generale, e non vi è alcuna assicurazione o garanzia esplicita o implicita sulla correttezza, accuratezza, completezza o correttezza di questo articolo o delle opinioni in esso contenute. Si consiglia di non fare affidamento sulla correttezza, accuratezza, completezza o correttezza di questo articolo o delle opinioni in esso contenute. Si prega di notare che questo articolo non costituisce né consulenza finanziaria né un'offerta o un invito all'acquisizione di prodotti finanziari o criptovalute.
PRIMA DI INVESTIRE IN CRYPTO ETP, GLI INVESTITORI POTENZIALI DOVREBBERO CONSIDERARE QUANTO SEGUE:
Gli investitori potenziali dovrebbero cercare consulenza indipendente e prendere in considerazione le informazioni rilevanti contenute nel prospetto base e nelle condizioni finali degli ETP, in particolare i fattori di rischio menzionati in essi. Il capitale investito è a rischio, e le perdite fino all'importo investito sono possibili. Il prodotto è soggetto a un rischio controparte intrinseco nei confronti dell'emittente degli ETP e può subire perdite fino a una perdita totale se l'emittente non adempie ai suoi obblighi contrattuali. La struttura legale degli ETP è equivalente a quella di un titolo di debito. Gli ETP sono trattati come altri strumenti finanziari.
