BTCE, Europe’s leading physical Bitcoin ETC announces it’s going carbon neutral

BTCE – ETC Group Physical Bitcoin (BTCE) will be the first Bitcoin exchange traded product (ETP) to offset its carbon footprint
ETC Group will fund a number of projects to offset all of its bitcoin-related Scope 3 emissions
BTCE continues to be Europe’s most heavily traded physically-backed Bitcoin ETP

London, 2 July, 2021: ETC Group has today announced that its leading crypto ETP BTCE - ETC Group Physical Bitcoin (BTCE) will be the first Bitcoin ETP to go carbon neutral. ETC Group will offset the carbon footprint of BTCE, its flagship Bitcoin ETP, with hand-selected, high quality carbon credits, compensating for the CO₂e[1] emissions associated with BTCE Bitcoin mining and transaction activities. These carbon credits will support projects curated and managed by some of the most respected climate and conservation groups in the world.

This latest innovation follows a series of other world firsts. BTCE rose to prominence when it became the first crypto ETP approved by the German regulator BaFin, and the world’s first centrally cleared crypto exchange traded product when it listed on Germany’s Deutsche Börse XETRA exchange in June 2020[2]. BTCE is Europe’s most heavily traded physically backed Bitcoin ETP[3].

ETC Group’s co-founder and CEO, Bradley Duke, said:

Companies benefiting from cryptocurrencies like bitcoin are right to take meaningful steps to address climate concerns. We are pleased to see that bitcoin miners are increasingly sourcing renewable electricity, but we at ETC Group feel it’s important to do more and act now. That’s why we have launched our initiative to calculate our bitcoin product’s carbon footprint, and offset it with high quality projects curated and monitored by some of the world’s most respected climate action companies.

ETC Group will fund nature-based, carbon sequestration and renewable energy projects to offset all of its bitcoin-related Scope 3 emissions since the launch of BTCE, and will continue to do so on a quarterly basis. ETC Group also announced that it will join the Crypto Climate Accord, a group that actively seeks to move the entire crypto sector towards low carbon mining and operations, and net zero by 2040.

For more information on the initiative visit etc-group.com or contact us at carbonneutral@etc-group.com

Cryptocurrencies are highly volatile and your capital is at risk.

1Carbon dioxide equivalent” or “CO₂e” is a term for describing different greenhouse gases in a common unit. For any quantity and type of greenhouse gas, “CO₂e” signifies the amount of CO₂ which would have the equivalent global warming impact.
2Source: https://www.xetra.com/xetra-en/newsroom/press-releases/list-press-releases/World-s-first-centrally-cleared-Bitcoin-ETN- launched-on-Xetra-2062116
3Source: https://www.boerse-frankfurt.de/en/etfs | https://www.hanetf.com/article/740/btcetc-bitwise-physical-bitcoin-etp-btce-is-leading- european-bitcoin-exchange-traded-product-with-45966-million-inflows-in-q1-2021

[1]Carbon dioxide equivalent” or “CO₂e” is a term for describing different greenhouse gases in a common unit. For any quantity and type of greenhouse gas, “CO₂e” signifies the amount of CO₂ which would have the equivalent global warming impact.

[2]Source: https://www.xetra.com/xetra-en/newsroom/press-releases/list-press-releases/World-s-first-centrally-cleared-Bitcoin-ETN- launched-on-Xetra-2062116

[3]Source: https://www.boerse-frankfurt.de/en/etfs | https://www.hanetf.com/article/740/btcetc-bitwise-physical-bitcoin-etp-btce-is-leading- european-bitcoin-exchange-traded-product-with-45966-million-inflows-in-q1-2021

Important information:

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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 Bitwise

Bitwise is one of the world’s leading crypto specialist asset managers. Thousands of financial advisors, family offices, and institutional investors across the globe have partnered with us to understand and access the opportunities in crypto. Since 2017, Bitwise has established a track record of excellence managing a broad suite of index and active solutions across ETPs, separately managed accounts, private funds, and hedge fund strategies—spanning both the U.S. and Europe.

In Europe, for the past four years Bitwise (previously ETC Group) has developed an extensive and innovative suite of crypto ETPs, including Europe’s largest and most liquid bitcoin ETP.

This family of crypto ETPs is domiciled in Germany and approved by BaFin. We exclusively partner with reputable entities from the traditional financial industry, ensuring that 100% of the assets are securely stored offline (cold storage) through regulated custodians.

Our European products comprise a collection of carefully designed financial instruments that seamlessly integrate into any professional portfolio, providing comprehensive exposure to crypto as an asset class. Access is straightforward via major European stock exchanges, with primary listings on Xetra, the most liquid exchange for ETF trading in Europe.

Retail investors benefit from easy access through numerous DIY/online brokers, coupled with our robust and secure physical ETP structure, which includes a redemption feature.

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