ETC Group expands Institutional-Grade Liquidity Pool with Appointment of Enigma Securities as new Authorised Participant (AP)

ETC Group expands Institutional-Grade Liquidity Pool with Appointment of Enigma Securities as new Authorised Participant (AP)

June 9th, 2022. London/Frankfurt: ETC Group ( etc-group.com ), Europe's leading specialist provider of institutional-grade, digital asset-backed securities, announces that Enigma Securities, a full-service international financial services firm for digital assets liquidity and advisory, has been appointed as Authorised Participant.

ETC Group has an ongoing process to identify and add to its range of liquidity partners, to constantly build on trading quality for its product suite. Enigma Securities will facilitate note share creation and redemption process for ETC Group's products, leveraging its existing operational and regulatory infrastructure in cryptocurrency securities.

Leveraging technology infrastructure built to compete on global stock exchanges, Enigma has rapidly become one of the most competitive participants in the digital asset market with its proprietary trading platform. The ETC's Authorised Participant status will strengthen Enigma's European presence, offering deeper liquidity and greater efficiency when transacting with global clients.

Recent research shows that, as of January 2022, derivatives accounted for 60% of the total trading volume in crypto assets. The growing crypto derivatives market allows more options for investors managing and mitigating risk in their digital asset portfolios by opening up broad and deep liquidity pools - a core feature of ETC Group's exchange traded crypto (ETC) offering with Authorised Participants.

ETC Group's Physical Bitcoin ETC known under its ticker BTCE (ISIN: DE000A27Z304) has traded a daily average of $19 million[1] on Deutsche Börse XETRA alone in the past 6 months and is the underlying asset for Europe's first Bitcoin Futures.

Olivier Sultan, Head of Investment Products at Enigma Securities commented:

We are looking forward to building a strong partnership with one of the biggest ETP providers in the industry. Through our unique cross-functional position as an appointed representative of Makor Securities London Ltd, an FCA-regulated brokerage firm, we are able to continue providing independent and competitive liquidity for high-volume crypto trades, as well as giving our institutional clients regulated access to an alternative source of digital-asset securities and future innovative products.

Rafael Zanatta, Head of Business Development at ETC Group said:

We are pleased to welcome Enigma Securities as a new Authorised Participant given their extensive experience in crypto markets. Their support will further increase the liquidity of our products, including BTCE, already the most liquid listed bitcoin ETN in Europe, reflecting their relevance and appeal to the wider institutional investment base.

ETC Group's institutional grade exchange-traded products are popular with a wide range of investors who want to continue investing through traditional financial markets while gaining access to the digital asset class. Investors can currently choose from 14 different ETCs at ETC Group in order to be able to participate in the price development of Bitcoin, Ethereum and other popular cryptocurrencies.

[1] Source: Bloomberg, information as of 01.06.2022

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

Product Name
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Currency
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Ticker (BBG)
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23-07-2024
Ticker
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Ticker (BBG)
SEDOL
ISIN DE000A27Z304
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WKN
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23-07-2024
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SEDOL
ISIN DE000A3GVKY4
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23-07-2024
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ISIN DE000A3GMKD7
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23-07-2024
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SEDOL
ISIN DE000A3GN5J9
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23-07-2024
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SEDOL
ISIN DE000A3GVKZ1
Valoren
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23-07-2024
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SEDOL
ISIN DE000A3GYNB0
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23-07-2024
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SEDOL
ISIN DE000A3G90G9
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23-07-2024
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SEDOL
ISIN DE000A4AER62
Valoren
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WKN / Valoren /
23-07-2024

Contact

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

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