EthereumPOW logo ZETW ETHWetc - ETC Group Physical EthereumPOW

Buy EthereumPOW
just like an ETF

100% physically backed, this ETC gives you seamless and pure exposure to the performance of ETHW, the forked cryptocurrency of the Ethereum network. ETHetc - ETC Group Physical Ethereum (ZETH) automatically switched to ETH PoS in line with the merge.

Simultaneously, holders of ZETH from before the merge additionally received this newly issued product which tracks the post fork ETH PoW token, on top of their existing holdings of ZETH on a 1:1 basis, in order to benefit from the fork event.

This approach was put in place in line with our commitment to transparency and maintaining the highest standards for investors. Details are described in the official bondholder notice available at ZETH Pre-Split Notice to Bondholders

Ticker
ISIN

About this Exchange Traded Product

Why we launched an EthereumPOW ETC/ETP

We have not and are not endorsing the fork in anyway, but wanted to treat investors in our products with fairness and transparency as they should be entitled to the proceeds of a fork, and we have committed to honouring this promise. At time of launch, we had no idea and expectation as to whether this fork would be successful or not but acted purely to honour our commitments, as per our prospectus, to holders of our physical Ethereum product.

Institutional-grade asset custody

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

100% backed & physical redemption

Investors are legally entitled to the underlying EthereumPOW (ETHW) and can redeem the ETC for the сryptocurrency, alternatively to selling on exchange.

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.

Product

Overview

Ticker ZETW
ISIN DE000A3G01J0
WKN A3G01J
TER 1,49 %
Asset Class Digital Assets/ Cryptocurrency
Underlying Exposure EthereumPOW (ETHW)

Composition

0 logo EthereumPOW (ETHW) 100%

Holdings

Total holdings
in cold-storage custody
Name EthereumPOW
Symbol ETHW
Shares outstanding 3,635,185
Cryptocurrency Entitlement (per unit) 0.00976307
AuM Amount 35,490.574
AuM market value (USD) 431,092
% of net assets 100.00

Performance

Period 1 month 3 month 1 year 2 years
Low
High
Performance
Data based on EUR prices on Deutsche Börse XETRA

NAV

The net asset value (NAV) of an ETC represents
the net $ value per underlying cryptocurrency
Ticker ZETW
Base currency USD
NAV (USD) 0.12
NAV daily change 11.66%  /  $ 0.01
NAV YTD change 105.23%
NAV since inception 0.00%

Update: German tax treatment of Crypto ETCs

ETC Group investment products are tax-free in Germany after a one-year holding period

E&Y: ETC – Crypto without the cryptic?

How investors gain digital asset exposure while trading on traditional stock exchanges.

Trading information

Exchange
Ticker BBG
RIC
SEDOL
ISIN
Valoren
WKN
Currency
Listing Date
ZETW GR
Ticker
Listing date:
RIC ZETW.DE
SEDOL BMHW7Z6
ISIN DE000A3G01J0
Valoren
WKN A3G01J
EUR
16.09.2022

Registered for sale

cz flag Česká Republika dk flag Danmark de flag Deutschland es flag España fr flag France ie flag Ireland it flag Italia lu flag Luxembourg mt flag Malta nl flag Nederland no flag Norge at flag Österreich pl flag Polska ch flag Schweiz fi flag Suomi se flag Sverige

Liquidity

Market Makers /
Authorised Participants (APs)
detailed info
Flow Traders B.V. (Headquarters)
Jane Street Financial Limited
Shares outstanding
DRW Europe B.V.
Goldenberg Hehmeyer LLP
Bluefin Europe LLP
XTX Markets SAS
Virtu Financial Ireland Limited
AP Capital Management
(Hong Kong) Limited

Product Details

Overview

Ticker ZETW
ISIN DE000A3G01J0
WKN A3G01J
TER 1,49 %
Asset Class Digital Assets/ Cryptocurrency
Underlying Exposure EthereumPOW (ETHW)

Key Service Providers

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

ETC Structure

Domicile Germany
Primary Listing Deutsche Börse XETRA
Issue Date 02.09.2022
Inception Date -
Legal Form Debt Security
Product Structure ETC
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 (100% collateral)
* Your broker will charge commissions to trade the ETC like shares

Legal & Tax

UCITS Compliant No
UCITS Eligible Contact us for more information
ISA Eligible Yes
SIPP Eligible Yes

ETC Group partners with leading providers 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 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.

Simple and secure access to crypto

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

ETC Savings Plan

Build wealth step by step: Our ETCs are available in the savings plan programs of our brokerage partners.

Learn More
Augsburger Aktienbank CapTrader Comdirect Consorsbank Degiro DWP Flatex ING DiBa

Key risks

  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. 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.