DE IT

BTCE

BTCetc – ETC Group Physical Bitcoin
100 % physically backed, this ETC gives you seamless and pure exposure to the performance of Bitcoin while trading on Europe’s largest stock exchanges.
All data as of 6/16/21, 10:30 AM

Advantages of trading BTCE

Simple trading illustration

Simple trading, with no digital wallet required

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.
Institutional-grade asset custody illustration

Institutional-grade asset 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 % backed illustration

100 % backed & physical redemption

You are legally entitled to the underlying bitcoin, and you can redeem the ETC for the сryptocurrency, alternatively to selling on exchange.
Regulated and listed illustration

Regulated and listed on major exchanges

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

Carbon neutral pure Bitcoin exposure

A viable option for investors with an ESG mandate. We are offsetting the carbon footprint of the ETC´s entire Bitcoin holdings. Learn more

Product

Performance

3M: -29.69%
1Y: 282.78%
AUM: $684,379,696.14
Total Holdings (AUM in Bitcoin) 17148.174
Shares outstanding 17,490,733
Cryptocurrency Entitlement (Bitcoin per unit of BTCE)** 0.0009794
Bitcoin Price (USD) * $34,457.74
Price per BTCE (NAV; USD) * $39.13
* Important Note: Values might be outdated the moment you are viewing this website. For accurate pricing information on Bitcoin or price of the securities please refer to other official sources.

How we make our Bitcoin ETC carbon neutral

An environmentally-friendly way to invest in Bitcoin

While we are paying the entire cost of the carbon offset ourselves, we are giving investors with an ESG (Environmental Social and Governance) mandate a viable option to invest in Bitcoin.

Why we chose to go carbon neutral with this ETC

Our industry needs to rapidly decarbonise. Our long-term aim is to help drive our industry towards zero carbon emissions in order to meet the goals set out in the Paris Climate accord.

Customer-centric innovation first

Our mission is to deliver products with integrity that are aligned with our values and beliefs around the importance of sustainability within the asset management industry.
Carbon initiative illustration

Learn more about the initiative on our dedicated website

Learn

Key Risks

  1. Investors' 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. ETC securities are structured as debt securities, not as equity.
  4. ETCs trade on exchanges like securities. They are bought/sold at market prices which may be different to the net asset value of the ETC.

Trading information

Tight spreads and ample liquidity on exchange

ETC Group is proud that BTCetc is offered on some of the largest stock exchanges in Europe and was the world’s first centrally-cleared crypto ETP. World-class liquidity providers ensure that there is good market depth, tight spreads and ample liquidity available so that investors can enter and exit their position in BTCetc with minimal cost and market impact.

Listings

Exchange Ticker BBG RIC SEDOL ISIN Valoren WKN CCY Listing Date
Deutsche Börse XETRA BTCE GR BTCE.DE BMWSLR9 DE000A27Z304 - A27Z30 EUR 18.06.20
SIX Swiss Exchange BTCEUSD SW BTCEUSD.S BLB3S55 DE000A27Z304 55503260 - USD 13.01.21
SIX Swiss Exchange BTCECHF SW BTCECHF.S BLB3S77 DE000A27Z304 55503260 - CHF 13.01.21
SIX Swiss Exchange BTCEGBP SW BTCEGBP.S BLB3S66 DE000A27Z304 55503260 - GBP 13.01.21
Wiener Börse BTCE AV DE000A27Z304=VI BN4RH62 AT DE000A27Z304 - A27Z30 EUR 18.08.21
Euronext Paris BTCE FP BTCE.PA BN0ZB02 DE000A27Z304 - - EUR 01.06.21
Euronext Amsterdam BTCE NA BTCE.AS BN0ZB13 DE000A27Z304 - - USD 01.06.21
Aquis Exchange Amsterdam BTCED QE - BMWSLR9 DE000A27Z305 - - EUR 07.06.21
Aquis Exchange UK BTCED QX - BMWSLR9 DE000A27Z306 - - USD 07.06.21
Aquis Exchange UK BTCEGZ QX - BLB3S66 DE000A27Z307 - - GBP 07.06.21
Aquis Exchange UK BTCECZ QX - BLB3S77 DE000A27Z308 - - EUR 07.06.21

Registered for sale

gbUntited Kingdom
itItalia
deDeutschland
ieIreland
noNorge
nlNederland
fiSuomi
luLuxembourg
atÖsterreich
dkDanmark
seSverige
chSchweiz
esEspaña
mtMalta
cyΚύπρος
eeEesti
hrHrvatska
grΕλλάδα
czČeská Republika
frFrance
plPolska
ptPortugal
skSlovensko
siSlovenija

Liquidity

Market Makers / Authorised Participants (APs)
XTX Markets SAS
Flow Traders B.V.
Jane Street Financial Limited
DRW Europe B.V.
Goldenberg Hehmeyer LLP

At all times 100 % backed by bitcoin because BTCetc cannot be created without the collateral being held in safe-custody.

APs provide liquidity in BTCetc on exchange where most investors will buy and sell BTCetc. Investors don’t need to worry about safely storing their investment in bitcoin via BTCetc as the units are securely held with their broker – just like stocks.

BTCetc can be sold anytime on exchange or redeemed for bitcoin or cash* via an AP or directly with the Issuer. Only APs the Issuer has appointed are allowed to subscribe to BTCetc with the Issuer, and only for bitcoin. This mechanism ensures that the provenance of all bitcoin has been verified.

For additional investor protection, the bitcoin in the custody account is pledged as security to the investors, and a reputable independent trustee enforces this pledge.

*Certain terms and conditions apply

Performance

Custody

ETC Group has partnered with the leading provider 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.

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 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 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

BitGo's $100 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.
Find out more about insurance here.

Product Details

Ticker BTCE
ISIN DE000A27Z304
WKN A27Z30
SEDOL BMWSLR9
Valoren 55503260
TER 2.00%
Trading Currency EUR, USD, GBP, CHF
Asset Class Cryptocurrency
Underlying Exposure Bitcoin
Physical Settlement Yes (Both Creation & Redemption)
Leverage 1:1 (No leverage)
Minimum Investment 1 Unit
Expiry Date Open Ended
Entry Exit Fees* None
Replication Method Physically Allocated Bitcoin
* Your broker will charge commissions to trade the ETC like shares.
Domicile Germany
Primary Listing XETRA
Issue Date 05/06/2020
Inception Date 08/06/2020
Legal Form Debt Security
Product Structure ETC
UCITS Compliant No
UCITS Eligible Please Contact Us
ISA Eligible Yes
SIPP Eligible Yes
Issuer ETC Issuance GmbH
Custodian BitGo Trust Company
Security Trustee Apex Corporate Trustees (UK) Limited
Administrator Apex Corporate & Advisory Services Ltd
Registrar Clearstream Banking AG

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The value of your investment may go down as well as up and past performance is no indication of future performance. Your capital is at risk.

Welcome to ETC Group

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If you continue to use our website, you are deemed to have read and accepted our Terms and Conditions as set out below:

This website is for information only. It does not provide investment, tax or legal advice or recommendations. According to the applicable laws and regulations in your jurisdiction, some contents on this website or the access to certain contents on this website might be restricted.

Disclaimer: The material and information contained on this website is for informational purposes only and ETC Management Ltd, its affiliates, and subsidiaries are not soliciting any action based upon such material. The material and products do not represent or shall not be inferred as an offer or a recommendation to buy or sell a security, nor shall it be considered or treated as investment advice. Additionally, the material accessible through this website does not constitute a representation that the investments described herein are suitable or appropriate for any person. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on any information.

Distribution of Information:

The distribution of the information and material on this website may be restricted by law in certain countries. None of the information is directed at, or is intended for distribution to, or use by, any person or entity in any jurisdiction (by virtue of nationality, place of residence, domicile or registered office) where publication, distribution or use of such information would be contrary to local law or regulation.

You must inform yourself about, and observe any such restrictions in your jurisdiction and by accessing this website you represent that you have done so. The information on this website is not for distribution and does not constitute an offer to sell or the solicitation of any offer to buy any securities in the United States to or for the benefit of any United States person (being residents of the United States or partnerships or corporations organised under the laws thereof).

By accepting these Terms and Conditions, you hereby confirm that according to the applicable laws and regulations of the relevant jurisdiction (be it the jurisdiction of your nationality, residence, incorporation of the company you are representing or current physical location) you are allowed access this website.

No contract

Use of this website does not result in a contractual relationship between the user and ETC Issuance GmbH. To that extent, no contractual or quasi-contractual claims arise against ETC Issuance GmbH as a consequence of visiting this website.

No offer

No content of this website should be considered as an offer to purchase any product or securities as described on this website. The prices and valuations published on this website are indicative and are for information purposes only, as is other information displayed on this website. Any person making offer of securities described on this website shall observe and strictly comply with restrictions on the usage of information pursuant to these Terms and Conditions, as well as any restriction imposed by a prospectus published with respect of any securities described or applicable laws and regulation, including without limitation restrictions imposed by the EU Prospectus Regulation (REGULATION (EU) 2017/1129 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 14 June 2017).

Authorised Investors

Any securities described on this website are not permitted to be offered for sale in all countries and are in each case reserved for investors who are authorised to purchase the securities. Selling restrictions applicable to specific products are set out in the relevant prospectus and should be read carefully by investors. Any restrictions imposed by the relevant prospectus are in addition and without prejudice to any restriction or prohibition established by laws or regulations of any jurisdiction.

United States Persons and legal entities resident in the United States

Securities issued by ETC Issuance GmbH or its affiliates have not been registered under the U.S. Securities Act of 1933, as amended, (the "Securities Act"). The Bonds are being offered outside the United States of America (the "United States" or "U.S.") in accordance with Regulation S under the Securities Act ("Regulation S"), and may not be offered, sold or delivered within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

The information provided on this website is not directed to any United States person or legal entity or any state thereof, or any of its territories or possessions.

U.S. PERSONS (AS DEFINED IN REGULATION S) AND LEGAL ENTITIES RESIDENT IN THE UNITED STATES MAY NOT ENTER THIS WEBSITE.

Information from this website may not be distributed or redistributed into the United States or into any jurisdiction where it is not permitted.

Exclusion of liability for content

Some documents displayed on the website and its content are restricted to ”Professional Investors” only and are not intended for retail or private investors. By making use, opening, or downloading such documents, you agree that you are an “Institutional Investor” as defined here: https://www.handbook.fca.org.uk/handbook/COBS/3/5.html, and have read, understood and accepted the conditions.

Certain documents made available on this website may have been prepared and issued by persons other than ETC Issuance GmbH. This includes any prospectus and additional documents thereto. ETC Issuance GmbH is not responsible in any way for the content of any such document. Except in those cases, the information on the website has been given in good faith and every effort has been made to ensure its accuracy. Nevertheless, ETC Issuance GmbH shall not be responsible for any loss which is a direct or indirect result of reliance placed on any part of the website and it makes no warranty as to the accuracy of any information or content on the website. The terms and conditions of securities applicable to investors will be set out in the relevant prospectus, available on the website and should be read prior to making any investment.

Risk Warnings

You should always bear in mind that:

  • Cryptoassets are a highly volatile asset class. Your capital is at risk. The value of cryptoassets can go down as well as up and you can lose your entire investment.
  • Past performance is not an indication of future performance.
  • Rates of exchange may affect the value of investments.
  • Applications to invest in securities referred to on this website must only be made on the basis of the relevant prospectus.

Investors should refer to the section entitled “Risk Factors” in the relevant prospectus for further details of these and other risks associated with an investment in the securities offered by the Issuers before investing.

Changes of terms and conditions of website use

ETC Issuance GmbH reserves the right to modify or amend these Terms and Conditions at any time without prior warning.

Copyright

Content and design of this website are protected by copyright and other applicable laws. Any copying of the website or of its content requires the prior written consent of ETC Issuance GmbH.

Data Privacy Policy

ETC Issuance GmbH respects the privacy of users. Personal data, which are collected when visiting the website, are processed according to the requirements of the GDPR or equivalent national legislation. For details on data privacy, please see our Privacy Policy.

Hyperlinks

Some of the hyperlinks contained on this website may lead the user to external websites that are not under the control of ETC Issuance GmbH and for the content of which ETC Issuance GmbH is not responsible. When the user clicks on such a link, the user will leave the ETC Issuance GmbH website. ETC Issuance GmbH is not responsible for the content of any websites reached by means of such a link.

Cookies

ETC Issuance GmbH may collect data about your computer, including, where available, your IP address, operating system and browser type, for improvements to the website, system administration and other similar purposes. These are statistical data about users' browsing actions and patterns, and they do not identify any individual user of the website. A cookie is a small file of letters and numbers that is put on your computer if you agree to accept it. By agreeing to the cookie notice below you are consenting to the use of cookies as described here. These cookies allow you to be distinguished from other users of the website, which helps ETC Issuance GmbH to provide you with a better experience when you browse the website and also allows the website to be improved from time to time. Please note that you can adjust your browser settings to delete or block cookies, but you may not be able to access parts of this website without them.

Governing Law and Jurisdiction

ETC Issuance GmbH is a subsidiary of ETC Management Ltd, company number 12165332, with registered office at Gridiron, One Pancras Square, London, England, N1C 4AG. These Terms and Conditions and your access to and use of this website and the content are subject to the laws of England and Wales.

The products displayed on this website are not available for subscription or purchase by retail investors in your selected jurisdiction. Please contact your broker or financial adviser for further information.

If you continue to use our website, you are deemed to have read and accepted our Terms and Conditions as set out below:

This website is for information only. It does not provide investment, tax or legal advice or recommendations. According to the applicable laws and regulations in your jurisdiction, some contents on this website or the access to certain contents on this website might be restricted.

Disclaimer: The material and information contained on this website is for informational purposes only and ETC Management Ltd, its affiliates, and subsidiaries are not soliciting any action based upon such material. The material and products do not represent or shall not be inferred as an offer or a recommendation to buy or sell a security, nor shall it be considered or treated as investment advice. Additionally, the material accessible through this website does not constitute a representation that the investments described herein are suitable or appropriate for any person. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on any information.

Distribution of Information:

The distribution of the information and material on this website may be restricted by law in certain countries. None of the information is directed at, or is intended for distribution to, or use by, any person or entity in any jurisdiction (by virtue of nationality, place of residence, domicile or registered office) where publication, distribution or use of such information would be contrary to local law or regulation.

You must inform yourself about, and observe any such restrictions in your jurisdiction and by accessing this website you represent that you have done so. The information on this website is not for distribution and does not constitute an offer to sell or the solicitation of any offer to buy any securities in the United States to or for the benefit of any United States person (being residents of the United States or partnerships or corporations organised under the laws thereof).

By accepting these Terms and Conditions, you hereby confirm that according to the applicable laws and regulations of the relevant jurisdiction (be it the jurisdiction of your nationality, residence, incorporation of the company you are representing or current physical location) you are allowed access this website.

No contract

Use of this website does not result in a contractual relationship between the user and ETC Issuance GmbH. To that extent, no contractual or quasi-contractual claims arise against ETC Issuance GmbH as a consequence of visiting this website.

No offer

No content of this website should be considered as an offer to purchase any product or securities as described on this website. The prices and valuations published on this website are indicative and are for information purposes only, as is other information displayed on this website. Any person making offer of securities described on this website shall observe and strictly comply with restrictions on the usage of information pursuant to these Terms and Conditions, as well as any restriction imposed by a prospectus published with respect of any securities described or applicable laws and regulation, including without limitation restrictions imposed by the EU Prospectus Regulation (REGULATION (EU) 2017/1129 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 14 June 2017).

Authorised Investors

Any securities described on this website are not permitted to be offered for sale in all countries and are in each case reserved for investors who are authorised to purchase the securities. Selling restrictions applicable to specific products are set out in the relevant prospectus and should be read carefully by investors. Any restrictions imposed by the relevant prospectus are in addition and without prejudice to any restriction or prohibition established by laws or regulations of any jurisdiction.

United States Persons and legal entities resident in the United States

Securities issued by ETC Issuance GmbH or its affiliates have not been registered under the U.S. Securities Act of 1933, as amended, (the "Securities Act"). The Bonds are being offered outside the United States of America (the "United States" or "U.S.") in accordance with Regulation S under the Securities Act ("Regulation S"), and may not be offered, sold or delivered within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

The information provided on this website is not directed to any United States person or legal entity or any state thereof, or any of its territories or possessions.

U.S. PERSONS (AS DEFINED IN REGULATION S) AND LEGAL ENTITIES RESIDENT IN THE UNITED STATES MAY NOT ENTER THIS WEBSITE.

Information from this website may not be distributed or redistributed into the United States or into any jurisdiction where it is not permitted.

Exclusion of liability for content

Some documents displayed on the website and its content are restricted to ”Professional Investors” only and are not intended for retail or private investors. By making use, opening, or downloading such documents, you agree that you are an “Institutional Investor” as defined here: https://www.handbook.fca.org.uk/handbook/COBS/3/5.html, and have read, understood and accepted the conditions.

Certain documents made available on this website may have been prepared and issued by persons other than ETC Issuance GmbH. This includes any prospectus and additional documents thereto. ETC Issuance GmbH is not responsible in any way for the content of any such document. Except in those cases, the information on the website has been given in good faith and every effort has been made to ensure its accuracy. Nevertheless, ETC Issuance GmbH shall not be responsible for any loss which is a direct or indirect result of reliance placed on any part of the website and it makes no warranty as to the accuracy of any information or content on the website. The terms and conditions of securities applicable to investors will be set out in the relevant prospectus, available on the website and should be read prior to making any investment.

Risk Warnings

You should always bear in mind that:

Investors should refer to the section entitled “Risk Factors” in the relevant prospectus for further details of these and other risks associated with an investment in the securities offered by the Issuers before investing.

Changes of terms and conditions of website use

ETC Issuance GmbH reserves the right to modify or amend these Terms and Conditions at any time without prior warning.

Copyright

Content and design of this website are protected by copyright and other applicable laws. Any copying of the website or of its content requires the prior written consent of ETC Issuance GmbH.

Data Privacy Policy

ETC Issuance GmbH respects the privacy of users. Personal data, which are collected when visiting the website, are processed according to the requirements of the GDPR or equivalent national legislation. For details on data privacy, please see our Privacy Policy.

Hyperlinks

Some of the hyperlinks contained on this website may lead the user to external websites that are not under the control of ETC Issuance GmbH and for the content of which ETC Issuance GmbH is not responsible. When the user clicks on such a link, the user will leave the ETC Issuance GmbH website. ETC Issuance GmbH is not responsible for the content of any websites reached by means of such a link.

Cookies

ETC Issuance GmbH may collect data about your computer, including, where available, your IP address, operating system and browser type, for improvements to the website, system administration and other similar purposes. These are statistical data about users' browsing actions and patterns, and they do not identify any individual user of the website. A cookie is a small file of letters and numbers that is put on your computer if you agree to accept it. By agreeing to the cookie notice below you are consenting to the use of cookies as described here. These cookies allow you to be distinguished from other users of the website, which helps ETC Issuance GmbH to provide you with a better experience when you browse the website and also allows the website to be improved from time to time. Please note that you can adjust your browser settings to delete or block cookies, but you may not be able to access parts of this website without them.

Governing Law and Jurisdiction

ETC Issuance GmbH is a subsidiary of ETC Management Ltd, company number 12165332, with registered office at Gridiron, One Pancras Square, London, England, N1C 4AG. These Terms and Conditions and your access to and use of this website and the content are subject to the laws of England and Wales.

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To find out more, read our Privacy Policy

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