ETC Group Physical Bitcoin
BTCE
Ticker
ISIN

Buy Bitcoin

just like an ETF
  • NAV daily change -2.58%
  • NAV YTD change 39.43%
  • NAV since inception 169.96%

Investment Objective

Looking to buy Bitcoin through your regular securities broker or bank? ETC Group makes it possible: This Bitcoin exchange traded product (ETP) is 100% physically backed, giving you seamless and pure exposure to the performance of Bitcoin while trading on Europe’s largest stock exchanges.

Institutional Focus

The ETP was designed to offer a secure and cost-efficient way to gain investment access to Bitcoin. Issuer-default risk has been minimised due to an independent trustee holding the rights over all investor assets in custody for the benefit of investors. BTCE was the first European Bitcoin ETP to offset its carbon emissions, making it a sustainable option for investors.

Factsheet
Ticker
ISIN

BTCE Product Specifications

Advantages of BTCE

Trades like an ETF

Buy and sell like any stock or ETF through your regular broker or bank. No new account needed, just enter the ticker or ISIN on your trading platform.

Cold-storage custody

The Bitcoin is kept in cold-storage at a regulated custodian, and all assets are secured by an independent trustee, thus eliminating issuer default risk.

100% physical

You are legally entitled to the underlying bitcoin, and you can redeem the ETP for the cryptocurrency, alternatively to selling on exchange.

Regulated security

Issued in Germany under German regulatory oversight, the ETP’s primary listing is on XETRA, the largest ETF exchange in Europe.

Sustainable Bitcoin investing

ETC Group has been collaborating with a number of expert partners to calculate and offset the carbon emissions related to holdings of Bitcoin in custody. Since the start of our initiative in 2021, we have invested in a variety of projects around nature-revitalisation, green energy and social impact.

Sustainable Bitcoin investing Mark

Specifications

Key Information

Primary Ticker BTCE
ISIN DE000A27Z304
WKN A27Z30
TER 2.00% p.a.
Asset Class Digital Assets
Underlying Exposure Bitcoin (BTC)
Strategy Delta-One
Replication Method Physical (100%)

Composition

0 logo Bitcoin (BTC) 100 %

NAV

NAV (USD)
$ 58.61
NAV to previous day
-2.58%  /  $ -1.55

Performance

Period NAV
1 month -9.86%
3 months 51.95%
YTD 39.43%
Since inception 169.96%

Assets under Management

Asset name Bitcoin
Asset symbol BTC
Shares outstanding 23,251,115
AUM in cold storage BTC 21,494.81
AUM market value (USD) $ 1,362,750,763.48
Cryptocurrency Entitlement (per unit) BTC 0.00092446

BTCE Trading Information

Trading Currency
Exchange
ISIN
WKN
Valoren
Ticker BBG
SEDOL
RIC
Ticker
Listing date:
ISIN DE000A27Z304
WKN A27Z30
Valoren -
BTCE GR
SEDOL BMWSLR9
RIC BTCE.DE
Ticker
Listing date:
ISIN DE000A27Z304
WKN A27Z30
Valoren -
BTCF GR
SEDOL BMFCDV6
RIC BTCF.DE
Ticker
Listing date:
ISIN DE000A27Z304
WKN -
Valoren 55503260
BTCEUSD SW
SEDOL BLB3S55
RIC BTCEUSD.S
Ticker
Listing date:
ISIN DE000A27Z304
WKN -
Valoren 55503260
BTCECHF SW
SEDOL BLB3S77
RIC BTCECHF.S
Ticker
Listing date:
ISIN DE000A27Z304
WKN -
Valoren 55503260
BTCEGBP SW
SEDOL BLB3S66
RIC BTCEGBP.S
Ticker
Listing date:
ISIN DE000A27Z304
WKN A27Z30
Valoren -
BTCE AV
SEDOL BN4RH62 AT
RIC DE000A27Z304=VI
Ticker
Listing date:
ISIN DE000A27Z304
WKN -
Valoren -
BTCE NA
SEDOL BN0ZB13
RIC BTCE.AS
Ticker
Listing date:
ISIN DE000A27Z304
WKN -
Valoren -
BTCED QE
SEDOL BMWSLR9
RIC -
Ticker
Listing date:
ISIN DE000A27Z304
WKN -
Valoren -
BTCED QX
SEDOL BMWSLR9
RIC -
Ticker
Listing date:
ISIN DE000A27Z304
WKN -
Valoren -
BTCEGZ QX
SEDOL BLB3S66
RIC -
Ticker
Listing date:
ISIN DE000A27Z304
WKN -
Valoren -
BTCECZ QX
SEDOL BLB3S77
RIC -
Ticker
Listing date:
ISIN DE000A27Z304
WKN A27Z30
Valoren -
BTCED I2
SEDOL BNM7CN6
RIC BTCEd.DXE
Ticker
Listing date:
ISIN DE000A27Z304
WKN -
Valoren -
BTCE FP
SEDOL BN0ZB02
RIC BTCE.PA

Buy and sell just like stocks or ETFs

Use the securities account you already have or select from a wide range of platforms

  1. Open your online securities account and call up the order mask.
  2. Insert ticker, ISIN, or name of the product and select trading platform (Our products are tradable at least on Xetra).
  3. Set amount and review your order to ensure accuracy before confirming the trade.
Registered for sale
cz flag Česká Republika dk flag Danmark de flag Deutschland ee flag Eesti es flag España fr flag France hr flag Hrvatska ie flag Ireland it flag Italia lu flag Luxembourg mt flag Malta nl flag Nederland no flag Norge at flag Österreich pl flag Polska pt flag Portugal ch flag Schweiz si flag Slovenija sk flag Slovensko fi flag Suomi se flag Sverige gr flag Ελλάδα cy flag Κύπρος

Liquidity Ecosystem

Market Makers /
Authorised Participants (APs)
detailed info
Flow Traders B.V.
Jane Street Financial Limited
Susquehanna International Securities Limited
XTX Markets SAS
Goldenberg Hehmeyer LLP
Makor Securities London Ltd (Enigma Securities)
DRW Europe B.V.
Product Details

Structure

Domicile Germany
Issue Date 05.06.2020
Primary Listing Exchange Deutsche Börse XETRA
Primary Listing Date 18.06.2020
Legal Form Debt Security, fully asset-backed
Product Structure ETP (Exchange Traded Product)
Redemption by Investors* Yes
Creation & Redemption (APs) In-kind
Leverage 1:1 (No leverage)
Minimum Investment 1 unit
Expiry Date Open Ended
Replication Method Physical (100%)
Lending No
* Possible against the undelrying cryptocurrency or in cash in cases where redemption in cryptocurrency is not possible for regulatory reasons.

Key Service Providers

Issuer ETC Issuance GmbH
Prospectus Competent Authority BaFin (Germany)
Custodian BitGo Trust Company, Zodia Custody (Ireland) Limited
Security Trustee The Law Debenture Trust Corporation p.l.c.
Administrator Apex Corporate & Advisory Services Ltd
Registrar Clearstream Banking AG
Paying Agent & Fiscal Agent Quirin Privatbank AG

Underlying Price Reference

Benchmark Name Bloomberg Cryptocurrency Fixing for Bitcoin*
Bloomberg Ticker XBT CFIX Curncy
Benchmark Provider Bloomberg
Price Reference Currency USD
NAV Valuation Method Daily NAV
* CF Benchmark BRR (official); CF Benchmark BRRY and BRRAP (execution)

Fees

Management Fee (TER) 2.00%% p.a.
Performance Fee None
Entry/Exit Fees* None
* Your broker may charge commissions to buy and sell the ETP

Legal & Tax

Tax Treatment Germany Benefits apply to 1-year holding period
UCITS Compliant No
UCITS Eligible Eligible but not compliant with UCITS*
SFDR Classification Contact us for more information
ISA Eligible Yes
SIPP Eligible Yes
* Currently, there are no definitive regulatory indications to determine the suitability of this ETP for investment in UCITS. ETC Group has conducted an internal analysis, applying the UCITS eligibility framework to ETPs with cryptocurrencies as underlying assets. For further information, please contact us at investors@etc-group.com.

Institutional Custody

ETC Group has partnered with the leading providers of digital asset custody

BitGo Trust pioneered multi-signature security in 2013 and, since then has become an industry standard in delivering institutional grade security solutions for digital assets.

Custodian logo

Regulated & Certified

Being the first qualified custodian purpose-built for holding digital assets, BitGo Trust Company is an independent trust company regulated by the South Dakota Division of Banking, and SOC 2 Type 1 & 2 certified.

Cold img Wallets

All ETC assets are kept in cold wallets. Cold wallets mean that the digital wallets are not connected to the internet. This protects the wallets from hacks, unauthorized access, and other vulnerabilities.

Multi-Signature img Security

Digital asset are stored using a multi-signature technology and can only be accessed when sharded keys held by separate entities are unities. This creates additional layers of security to protect investor funds.

Insured img

BitGo's $250 million custody insurance policy protects against third-party hacks, theft or dishonest acts by BitGo employees or executives as well as the loss of keys.

Key risks of Crypto ETPs

  1. Investor's capital is at risk and investors may not get back the amount originally invested and should obtain independent advice before making a decision.
  2. Any decision to invest should be based on the information contained in the relevant prospectus.
  3. ETP securities are structured as debt securities, not as equity.
  4. ETPs trade on exchanges like securities. They are bought/sold at market prices which may be different to the net asset value of the ETP.

Buy ETC Group Physical Bitcoin
through your regular online broker or bank

Add crypto to your portfolio while using your existing account, or choose a new. Select trading platform:

Select your country
  • Česká Republika flag Česká Republika
  • Danmark flag Danmark
  • Deutschland flag Deutschland
  • Eesti flag Eesti
  • España flag España
  • France flag France
  • Hrvatska flag Hrvatska
  • Ireland flag Ireland
  • Italia flag Italia
  • Luxembourg flag Luxembourg
  • Malta flag Malta
  • Nederland flag Nederland
  • Norge flag Norge
  • Österreich flag Österreich
  • Polska flag Polska
  • Portugal flag Portugal
  • Schweiz flag Schweiz
  • Slovenija flag Slovenija
  • Slovensko flag Slovensko
  • Suomi flag Suomi
  • Sverige flag Sverige
  • Ελλάδα flag Ελλάδα
  • Κύπρος flag Κύπρος
How to order the ETP in stock market trading:
  • Open your online securities account
  • Call up the order mask
  • Set amount
  • Enter order details using the ISIN or WKN
    of the desired product
  • Select trading platform (our ETPs are all tradable on at least Xetra)
  • Place the order
What to do if the ETP is not available to you?

Contact your online trading platform or your bank's customer service to request trading access to our products. Always include ISIN and ticker in your request. If you face any difficulties, send us an email with further information to info@etc-group.com. We are here to help and may contact your online trading platform or bank to help resolve the issue.

Redirection to external website

The website or web pages to which you are redirected are not owned by ETC Group. ETC Group therefore shall not be held liable for any information, data, details, explanations and representations (hereinafter referred to as "Information") provided on such websites, in particular not for damages that may result from the use of this Information for your own investment decisions. Price and performance data on the websites of ETC Group may differ from the price information on the websites of the respective online brokers or banks.

The information on the websites to which you are redirected is the sole responsibility of their providers. The offers you find on the providers' websites are expressly not directed at persons in countries that prohibit the provision or retrieval of the content posted therein. Each user is responsible for finding out about any restrictions before accessing the websites and complying with them.

By clicking the "Continue" button, you will be forwarded directly to the website or login or order screen of the selected provider. In the case of an order form, the following fields are usually preset: ISIN, buy/sell and exchange. It should be possible to change such fields at any time. We recommend to carefully check all the details in the securities order form before placing an order.