DE IT
ETH

ETHetc

Physical Ethereum ETC

Tracks the price of ether | ISIN: DE000A3GMKD7
The ETHetc delivers physical ether exposure with the safety and liquidity of an exchange traded product.
1M:
1Y:
AUM:

Product Details

Ticker ZETH
ISIN DE000A3GMKD7
WKN A3GMKD
SEDOL BMV2RQ3
RIC ZETH.DE
TER 1.49%
Trading Currency EUR
Asset Class Cryptocurrency
Underlying Exposure Ether
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 Ether
Cryptocurrency Entitlement (Ether per unit of ZETH)**
Ether Price (USD) **
Price per ZETH (NAV; USD) **
Total Holdings (AUM in Ether)
Values of AUM (USD)
Shares outstanding
All data as of 
Domicile Germany
Primary Listing XETRA
Issue Date 23/02/2021
Inception Date 04/03/2021
Legal Form Debt Security
Product Structure ETC
Registered for Sale DE, AT, IT, MT, NO, IE, NL, LU, DK, CZ
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 Trust Services (UK) Limited
Administrator Apex Corporate & Advisory Services Ltd
Registrar Clearstream Banking AG
* Your broker will charge commissions to trade the ETC like shares ** Important Note: Values might be outdated the moment you are viewing this website. For accurate pricing information on Ethereum or price of the securities please refer to other official sources.

Why ETHetc (ZETH)?

An easier way to invest in Ether (or "Ethereum")

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

Trade Ether on a regulated exchange

ETHetc´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.

Safe Custody

The issuer stores all Ether backing the product 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

ETHetc is fully-fungible with Ether and can be redeemed for Ether or cash*. Investors can redeem their units of ETHetc 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

World class liquidity providers ensure there is good market depth, tight spreads and ample liquidity available to ensure that investors can enter and exit their position in ETHetc with minimal cost and market impact.

Listings

Сurrency Ticker Bloomberg SEDOL Stock Exchange
EUR ZETH ZETH:GR BMV2RQ3

Liquidity

Market Makers / Authorised Participants (APs)
Flow Traders B.V.
Jane Street Financial Limited
ITI Capital Limited

At all times 100% backed by Ether because ETHetc cannot be created without the collateral being held in safe-custody before creation.

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

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

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

*Certain terms and conditions apply

Documents

Physical Redemption

Redemption Information Sheet Put Option Exercise Form Besteuerung - Unverbindliche Information
Note: In case of Mandatory Redemption, the Mandatory Redemption Form will be available for download in this section. For more information please contact info@etcm.ltd.

Custody

ETC Group partners with the leading Provider of Institutional-Grade 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

By using so-called cold storage, the digital wallets are stored on a platform that is not connected to the internet. This protects the wallets from hacks, unauthorized access, and any other vulnerabilities.

Multi-Signature Security

Digital asset funds are stored using a multi-signature address and can only be accessed by two or more keys, which are held by separate entities. This creates additional layers of security for clients' funds.

Insured

BitGo's $100 million digital asset wallet custody insurance policy protects against third-party hacks, theft or dishonest acts by BitGo employees or executives as well as loss of keys.
Find out more about insurance here.

Product Details

Ticker ZETH
ISIN DE000A3GMKD7
WKN A3GMKD
SEDOL BMV2RQ3
RIC ZETH.DE
TER 1.49%
Trading Currency EUR
Asset Class Cryptocurrency
Underlying Exposure Ether
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 Ether
Cryptocurrency Entitlement (Ether per unit of ZETH)**
Ether Price (USD) **
Price per ZETH (NAV; USD) **
Total Holdings (AUM in Ether)
Values of AUM (USD)
Shares outstanding
All data as of 
Domicile Germany
Primary Listing XETRA
Issue Date 23/02/2021
Inception Date 04/03/2021
Legal Form Debt Security
Product Structure ETC
Registered for Sale DE, AT, IT, MT, NO, IE, NL, LU, DK, CZ
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 Trust Services (UK) Limited
Administrator Apex Corporate & Advisory Services Ltd
Registrar Clearstream Banking AG
* Your broker will charge commissions to trade the ETC like shares ** Important Note: Values might be outdated the moment you are viewing this website. For accurate pricing information on Ethereum or price of the securities please refer to other official sources.

Updates

Ethereum Research Update

Performance

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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