Europe’s first Bitcoin Futures, based on BTCE™ - ETC Group Physical Bitcoin, goes live on Eurex

Europe's first Bitcoin futures are based on BTCE
  • Eurex introduces Bitcoin ETN Futures, the first step in Eurex's portfolio of crypto derivatives
  • BTCE™ - ETC Group Physical Bitcoin (ticker: BTCE) is the world’s most heavily traded Crypto ETP https://www.boerse-frankfurt.de/en/etfs '>[1]
  • Eurex is the largest derivatives exchange in Europe

Frankfurt, Germany. 13. September 2021 - ETC Group ( etc-group.com ) , Europe’s leading specialist provider of innovative, digital asset-backed securities with over $1 billion AUM [2], announces the debut and live listing of Europe’s first Bitcoin Futures contract on Eurex, Europe’s largest derivatives exchange.

Bitcoin ETN Futures, which has been created and launched by Eurex, is based on ETC Group’s BTCE™ - ETC Group Physical Bitcoin (ticker: BTCE). The new futures contract, which starts trading today, will trade in Euros and be physically delivered in BTCE, which is 100% backed by bitcoin and can be readily redeemed by any investor for the underlying bitcoin. BTCE launched on Deutsche Börse XETRA in June 2020, and is now listed on multiple European exchanges as well as becoming the first European Crypto ETP product to offset its carbon footprint earlier this year.

Today’s listing of Bitcoin Futures, based on ETC Group’s leading Bitcoin ETP, marks another major milestone in providing institutions with financial products that allow exposures to crypto on regulated exchanges. The selection of BTCE by Eurex, Europe’s largest derivatives exchange, further establishes ETC Group’sleadership in the crypto ETPs, and is recognition of the quality of our products and their world beating liquidity. Bradley Duke, CEO of ETC Group

Bitcoin ETN Futures allows investors to track the price development of Bitcoin in a fully regulated on-exchange environment and based on a transparent price discovery of the underlying BTCE. Structured in a similar way as physical Gold ETCs, with an equivalent physical redemption mechanism in place, Bitcoin ETN futures are centrally cleared like any other derivatives traded on Eurex. Eurex’s standard clearing, netting, and risk management processes thereby come into effect, mitigating counterparty risk and reducing operational costs for market participants.

Cryptocurrencies are highly volatile, and your capital is at risk.

[1] Note ETC Group's most traded according to Bloomberg markets in the period 30.01-31.07.2021, https://www.boerse-frankfurt.de/en/etfs
[2] Total AUM of ETC Group products, as of Sep 8, 2021 is $1,049,761, https://etc-group.com/#etcs

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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22-07-2024

Contact

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