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All data as of 6/16/21, 10:30 AM

BTCetc

ETC Group Physical Bitcoin

BTCetc is the world´s first centrally cleared Bitcoin exchange traded product.
The ETC delivers physical bitcoin exposure with the safety and liquidity of an exchange traded product.

Product Details

Value of AUM (USD) $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* Important Note: Values might be outdated the moment you are viewing this website.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.
Learn how the Physical ETC Structure works
Ticker BTCE
AUM: $684,379,696.14
3M: -29.69%
1Y: 282.78%

Why BTCetc (BTCE)?

An easier way to invest in bitcoin

Investing in BTCetc is as simple as buying shares through your broker or bank. Unlike investing directly in bitcoin, there is no need to engage with the technical challenges of setting up a cryptocurrency wallet to store bitcoin. Your units of BTCE are safely held with your broker or bank.

Trade bitcoin on a regulated exchange

BTCetc´s primary listing is traded on XETRA, one of the largest exchanges in Europe. Investors can trade with confidence knowing that all market participants are strictly vetted and carefully monitored to prevent market abuse, unlike cryptocurrency exchanges, many of which are unregulated. BTCetc is also available on SIX Swiss exchanges in multiple currencies and on German regional exchanges.

Safe Custody

The issuer stores the bitcoin with BitGo Trust Company, a secure, regulated custodian, purpose built for holding digital assets. Strict KYC and AML standards ensure that the provenance of all cryptocurrency in custody has been vetted.

Physical Redemption

BTCetc is fully-fungible with bitcoin and can be redeemed for bitcoin or cash*. Investors can redeem their units of BTCetc with APs or directly with the Issuer. Please refer to the Redemption Information Document as well as the Put Option Exercise Form for further information on redemption.
* Certain terms and conditions apply

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

Сurrency Ticker Bloomberg SEDOL Stock Exchange
EUR BTCE BTCE:GR BMWSLR9
USD BTCE BTCEUSD:NA BN0ZB13
EUR BTCE BTCEEUR:FP BN0ZB02
USD BTCE BTCEUSD:SW BLB3S55
GBP BTCE BTCEGBP:SW BLB3S66
CHF BTCE BTCECHF:SW BLB3S77
CHF BTCE BTCECZ:QX BLB3S77
EUR BTCE BTCEUZ:QX BLB3S55
USD BTCE BTCED:QX BMWSLR9
GBP BTCE BTCEGZ:QX BLB3S66
EUR BTCE BTCED:QE BMWSLR9

Liquidity

Market Makers / Authorised Participants (APs)
XTX Markets SAS
Flow Traders B.V.
Jane Street Financial Limited
ITI Capital Limited Redemption service
DRW Europe B.V.

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
Registered for Sale UK, IT, DE, IE, NO, NL, FI, LU, AT, DK, SWE, ES, MT, CY, EE, HR, CZ, FR, EL, PL, PT, SK, SI
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

Updates

New Prospectus Supplement

Updates to Taxation Section 02/02/2021

Monthly Report

January Edition 15/01/2021

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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.
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.

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