ETC Group's listings of Bitcoin, Ethereum and Litecoin ETPs in Vienna follows listings in London (Aquis); Paris (Euronext); Amsterdam (Euronext), Zurich (SIX) and Frankfurt (Xetra)
Vienna, Austria. 18 August 2021 - ETC Group ( etc-group.com), Europe's leading specialist provider of innovative, digital asset-backed securities, announces that it is listing its entire portfolio of market leading crypto exchange traded products (ETPs) on Austria's national stock market.
This will be Vienna's first listing of a carbon neutral crypto ETP - BTCE: ETC Group Physical Bitcoin (ticker: BTCE) - and the first listing of a Litecoin based ETP - ELTC: ETC Group's Physical Litecoin ETC (ticker: ELTC). ETC Group is also listing its Ethereum ETP - ZETH: ETC Group Physical Ethereum ETC (ticker: ZETH).
Traded on exchange regulated markets, investors can buy and sell the ETCs in the same way they would when trading conventional shares, with regulatory protections in place. ETC Group's institutional-grade crypto exchange traded products provide institutions as well as private investors the opportunity to add major cryptocurrencies to their portfolios while seamlessly trading on regulated markets through their conventional broker or bank. The cryptocurrencies are 100 % physically backed and central counterparty cleared.
Bradley Duke, CEO of ETC Group said: "We are delighted to list in Austria and on such a respected stock exchange as Wiener Borse. ETC Group provides exposure to bitcoin, ether, and litecoin through our 100 % physically backed cryptocurrency ETPs. Bringing our entire portfolio to the Vienna Stock Exchange continues ETC Group's leadership of the crypto ETP market by launching innovative digital asset classes for institutional and retail investors across European and global exchanges."
BTCE, ZETH and ELTC are supported in Europe by a network of world class Authorised Participants (APs) and Market Makers, experienced in cryptocurrency markets as well as the ETP markets. The APs ensure on-exchange liquidity and tight spreads, enabling traders to purchase in all sizes with the tightest spreads in the crypto ETPs market.
BTCE, ZETH and ELTC is issued by ETC Group and distributed by HANetf. The Market Maker on the Vienna Stock Exchange will be Lang & Schwarz.
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.