ETC Group adds Avalanche, Cosmos and Polygon backed investment products to its existing portfolio of Exchange Traded Cryptocurrencies (ETCs) which include BTCE, the world’s most traded crypto Exchange Traded Product (ETP)
24March, 2022. London, UK - ETC Group (etc-group.com), Europe’s leading specialist provider of institutional-grade digital asset-backed securities, announces today the listing of three new ETCs on the SIX Swiss Exchange.
The new crypto ETCs, which" will be marketed and distributed by HANetf and available in both CHF, EUR, USD and GBP, are:
- AVAXetc - ETC Group Physical Avalanche (Ticker: AVAL)
- ATOMetc - ETC Group Physical Cosmos (Ticker: ATME)
- MATICetc - ETC Group Physical Polygon (Ticker: MTCE)
The new cryptocurrencies join the company’s suite of institutional-grade crypto exchange traded products including Bitcoin, Ethereum, Solana, Cardano, Polkadot and Litecoin that trade on SIX. The three ETCs will also be listed on Deutsche BörseXetra at the beginning of April, as will UNIetc - ETC Group Physical Uniswap (Ticker: USWA). AVAXetc - ETC Group Physical Avalanche will have the same ISIN however will have a different ticker (EVAL) on Xetra.
Bradley Duke, Founder and co-CEO of ETC Group said:
While our Bitcoin based ETC continues to lead the global market, being the most traded crypto ETP, investors are increasingly interested in adding some of the newer, innovative cryptocurrencies to their portfolios - especially those amassing large market cap. The addition of these new ETCs offers these investors high quality, physically backed digital assets, underpinned by our partnerships with world-class liquidity providers to deliver high liquidity and tight trading spreads.
Hector McNeil co-Founder and co-CEO at HANetf:
We are delighted to partner with ETC Group again to offer new products to the existing suite of exchange traded cryptocurrencies. ETC Group has established itself as a market leader in offering investment products focused on crypto assets. Interest in exchange traded cryptocurrencies has been booming as they provide investors with a safe and liquid way to gain exposure to digital assets.
Crypto ETCs provide investors with significant benefits over direct investment in digital assets, including:
1/ Easy way to invest
Investors can buy and sell like any stock or ETF through their regular broker or bank. No need to engage with the technical challenges of setting up a cryptocurrency wallet, products have a ticker and ISIN and can be added to an investor’s conventional stock portfolio.
2/ Institutional-grade asset custody
The underlying digital asset is kept in cold-storage at a regulated custodian, and all assets are secured by an independent trustee, thus eliminating issuer default risk, a common feature for physical ETC structures.
3/ 100%% physically backed redemption
Investors are legally entitled to the underlying digital asset, and can redeem the ETC for the сryptocurrency, alternatively to selling on exchange, hence providing pure exposure to the underlying.
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.
