ETC Group’s Bitcoin ETP Reaches Record BTC Holdings as Total Group Assets Surpass $1bn

ETC Group’s Bitcoin ETP Reaches Record BTC Holdings as Total Group Assets Surpass $1bn

London, 23 November 2023 – ETC Group, the leading provider of innovative and secure crypto exchange-traded products, announced today that its flagship product, ETC Group Physical Bitcoin (BTCE), holds a record amount of 25,863 bitcoins and total assets under management at ETC Group have surpassed $1 billion for the first time since April 2022.

BTCE is the largest and most liquid bitcoin exchange-traded product in Europe. BTCE was the world's first centrally cleared bitcoin ETP when it debuted on Deutsche Börse's XETRA platform in June 2020. Since then, it has attracted strong demand from both retail and institutional investors.

Tim Bevan, founder and CEO at ETC Group, said:

Seeing BTCE reach record BTC holdings and our total AUM surpass the $1 billion mark for the first time in over 18 months is a clear signal that this bear market is behind us. This new cycle will be the one where institutions truly begin to participate globally and our ability to capture almost 50% of all Crypto ETP fund inflows in Europe year to date is a testament to the quality of our products.

ETC Group offers a range of crypto ETPs, including physical ETPs for Ethereum (ZETH) and Solana (ESOL), as well as a DA20, the world's first and only MSCI benchmarked crypto index ETP.

In addition to Bitcoin, ETC Group has also witnessed increasing institutional interest in Ethereum (ETH).

Bradley Duke, founder and Chief Strategy Officer, commented:

As institutions grow their internal capabilities and teams, we are seeing a deeper appreciation for the key differences between Bitcoin and Ethereum, which in our view are highly complementary assets and should form the cornerstone of any allocation to digital assets.

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
Exchange
Ticker (BBG)
ISIN
SEDOL
WKN / Valoren
Currency
Listing Date
Ticker
Listing date:
Ticker (BBG)
SEDOL
ISIN
Valoren
WKN
WKN / Valoren /
22-07-2024
Ticker
Listing date:
Ticker (BBG)
SEDOL
ISIN DE000A27Z304
Valoren
WKN
WKN / Valoren /
22-07-2024
Ticker
Listing date:
Ticker (BBG)
SEDOL
ISIN DE000A3GVKY4
Valoren
WKN
WKN / Valoren /
22-07-2024
Ticker
Listing date:
Ticker (BBG)
SEDOL
ISIN DE000A3GMKD7
Valoren
WKN
WKN / Valoren /
22-07-2024
Ticker
Listing date:
Ticker (BBG)
SEDOL
ISIN DE000A3GN5J9
Valoren
WKN
WKN / Valoren /
22-07-2024
Ticker
Listing date:
Ticker (BBG)
SEDOL
ISIN DE000A3GVKZ1
Valoren
WKN
WKN / Valoren /
22-07-2024
Ticker
Listing date:
Ticker (BBG)
SEDOL
ISIN DE000A3GYNB0
Valoren
WKN
WKN / Valoren /
22-07-2024
Ticker
Listing date:
Ticker (BBG)
SEDOL
ISIN DE000A3G90G9
Valoren
WKN
WKN / Valoren /
22-07-2024
Ticker
Listing date:
Ticker (BBG)
SEDOL
ISIN DE000A4AER62
Valoren
WKN
WKN / Valoren /
22-07-2024

Contact

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

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