ETC Group launches centrally cleared Ether ETC: The first Ethereum exchange traded product to list on Deutsche Börse XETRA

ETC Group launches centrally cleared Ether ETC

The exchange traded product provides investors an easier and safer way to invest in Ether

London, 8th March 2021 – ETC Group (etc-group.com), the specialist provider of innovative, digital asset-backed securities, announces that it will list a 100 % physically-backed, central counterparty cleared ETC on Ether, trading under the name ZETH and primary ticker ZETH, on Deutsche Börse’s XETRA on Tuesday 9th March 2021. This is the first Ethereum exchange traded product (ETP) to list on Deutsche Börse XETRA and follows the successful launch on XETRA last year of BTCE - Bitcoin Exchange Traded Crypto - (BTCE), which now has over $1 billion assets under management (AUM)[7].

The listing on XETRA is especially relevant for institutional investors as they can now get exposure to Ether while trading an institutional-grade product with similar liquidity and tight spreads as ETC Group’s physical bitcoin product (primary ticker BTCE), on the largest ETF trading venue in Europe. Structured as an asset-backed debt security and approved and issued in Germany, investors do not need to engage with the technical challenges of purchasing and storing Ether, trading on unregulated crypto exchanges, or managing cryptographic keys. With a management fee of 1.49%, and fully fungible with Ether, this ETC is marketed and distributed across Europe by HANetf, alongside ETC Group’s BTCE.

Approved by BaFin, the German financial regulator, each unit of ZETH is physically backed by Ether stored in regulated, institutional-grade safe custody, giving the investor a claim on a predefined amount of the underlying Ether. BitGo Trust Company, Inc., the pioneer in digital assets safekeeping, will be the custodian. Units of ZETH are safely held with an investor’s securities broker or bank, thus removing the risk around the trading, moving and storing cryptocurrencies.

Bradley Duke, CEO of ETC Group said: “With the listing of ZETH on XETRA, ETC Group has stayed faithful to the formula that brought success with BTCE, focussing on investor security in the product design and ensuring ample liquidity and tight spreads on exchange. Both retail and institutional investors asked for an Ether ETP in the same mould as BTCE and so we are proud to be able to respond with the first Ethereum exchange traded product to list on Deutsche Börse XETRA and have more exciting products coming very soon.” This product follows the huge success of the company’s first listing, BTCE - Bitcoin Exchange Traded Crypto - (BTCE) launched in June 2020, which was the first cryptocurrency exchange traded product to ever list on Deutsche Börse’s XETRA, and which has amassed over $1 billion in AUM1. It was the most traded product on the exchange’s ETN segment in the second half of 2020[2]. BTCE is also listed and traded on SIX Swiss Exchange.

Hector McNeil, co-Founder and co-CEO at HANetf, added “ETC Group offers market leading investment cryptocurrency investment products, which address the concerns investors have around the infrastructure of investing in these assets, evidence of which is the huge growth in assets under management in their first product, BTCE, which now has over $1 billion in just over seven months since listing. We are proud to support that growth.”

Cryptocurrencies are highly volatile and your capital is at risk.

[1] As of 7th March 2021

Copyright © 2024 ETC Group. All rights reserved

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.

About ETC Group

ETC Group has been created to provide investors with the tools to access the investment opportunities of the digital assets' and blockchain ecosystem. The company develops innovative digital asset-backed securities including ETC Group Physical Bitcoin (BTCE) and ETC Group Physical Ethereum (ZETH) which are listed on European exchanges including XETRA, Euronext, SIX, AQUIS UK and Wiener Börse.

With a track record of over three years, ETC Group is made up of an exceptional team of financial services professionals and entrepreneurs with experience spanning both digital assets and regulated markets. With product quality and safety at the core of our product creation approach, the company aims to continuously launch best-in-class institutional-grade exchange traded products.

As a company, ETC Group has previously launched BTCE - the world’s first centrally cleared Bitcoin exchange traded product on Deutsche Börse XETRA, the largest ETF trading venue in Europe, and also listed DA20, the world’s first crypto ETP tracking an MSCI index signalling a move towards investment management products. DA20 provides broad market exposure to investors by tracking an index of 20 cryptocurrencies which cover 85% of the total crypto market capitalisation.

Trading Information

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Contact

General Inquiries info@etc-group.com
Institutional investors institutional@etc-group.com
Press Inquiries media@etc-group.com

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