ETC Group lists Bitcoin & Ethereum ETCs on Euronext exchanges in Paris and Amsterdam
- Exposure to Bitcoin and Ether will be available via Euronext from June 1st 2021 via ETC Group’s institutional-grade exchange traded products (ETPs)
- The ETPs are 100% collateralized and can be redeemed for the underlying cryptocurrencies
- BTCE and ZETH to be the first crypto exchange traded products (ETPs) on Euronext exchanges
- BTCE and ZETH are the most liquid Bitcoin and Ethereum ETPs in Europe in Q1, 2021 and have traded $5.4bn & $297m respectively since being launched on the Deutsche Börse [1]
ETC Group announces that it is listing its market-leading ETCs - BTCE -ETC Group Physical Bitcoin (ticker BTCE) ‘BTCE’ and ZETH - ETC Group Physical Ethereum (ticker: ZETH) ‘ZETH’ on Euronext Paris in EUR and on Euronext Amsterdam in USD on 1 June 2021. The ETCs are issued in Germany by ETC Group and marketed and distributed by HANetf. Both products have been market leaders in terms of trading volumes and assets under management (AUM) since they launched on the Deutsche Börse [2] . The products are available on Euronext for professional investors only.
These latest listings of ETC Group’s flagship products are in response to continuing high demand for physically backed crypto ETPs, especially by European financial institutions who increasingly seek diversification through exposure to the most popular digital assets. BTCE and ZETH are among the first crypto based ETPs listed on Euronext exchanges.
BTCE -ETC Group Physical Bitcoin is currently Europe's most traded physical Bitcoin ETC in Q1, 2021 [3] having launched on XETRA in June 2020 and the SIX Swiss Exchange in January 2021. The product has seen assets under management grow to over $1 billion in just seven months [4] , and has been the top exchange traded product (ETP) performer for inflows, daily turnover and spreads among a total of eight Bitcoin ETPs within Q1, 2021 in Europe [5] .
Bradley Duke, CEO of ETC Group comments:
The success of BTCE -ETC Group Physical Bitcoin and ZETH - ETC Group Physical Ethereum is down to the team’s commitment and focus on customer centric innovation in product development. Whilst ETC Group’s listings in Germany and Switzerland are open to international as well as local investment, we recognise the benefits of listing on more country exchanges to make it easier for local investors to gain access to secure, regulated digital assets-backed securities. These latest listings in Paris and Amsterdam, both key financial hubs in Europe, increase the availability and ease of access to our ETC products for a wider range of institutional investors.
Amongst its other products, ETC Group’s Physical Ethereum ETC ‘ZETH’ has seen its assets [6] under management (AUM) surpass USD$100 million in under three months since its initial launch on Deutsche Börse’s XETRA platform in March 2021. ETC Group´s Physical Litecoin ETC was first listed on XETRA in April 2021.
The cryptocurrency ETCs provide investors with several benefits over investing directly in the cryptocurrencies they track. Traded on regulated markets, investors can buy and sell the ETCs in the same way they would when trading conventional shares, with the identical regulatory protections in place. The cryptocurrencies are 100 % physically backed.
Past performance is no guarantee of future performance. Cryptocurrencies are highly volatile, and your capital is at risk.
[1]
Source: Bloomberg as of 31.03.21
[2] Source: Bloomberg as of 31.03.21. Data taken from Bloomberg for the relevant exchanges in Stockholm, Frankfurt and Zurich. Data compared with COINXBT SS Equity, VBTC GY Equity, ABBA SW Equity, COINXBE SS Equity, ABTC SW Equity, BTCW SW Equity, BITC SW Equity
[3] Source: Bloomberg as of 31.03.21. Data taken from Bloomberg for the relevant exchanges in Stockholm, Frankfurt and Zurich. Data compared with COINXBT SS Equity, VBTC GY Equity, ABBA SW Equity, COINXBE SS Equity, ABTC SW Equity, BTCW SW Equity, BITC SW Equity
[4] BTCE AUM $1.12billion as of 22.02.2021
[6]Source: ZETH AUM $110 million as of 14.05.2021
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.
