On-Chain Wallet Verification

This on-chain proof of holdings interface displays the exact digital asset holdings backing the securities issued by ETC Group. The respective amount held in cold-storage custody corresponds to the cryptocurrency entitlement per security multiplied by shares outstanding (= required collateral). The amounts shown on the corresponding wallet list can be independently verified on the blockchain.

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about on-chain proof of holdings? Read the FAQ

Product

ISIN DE000A27Z304
Primary Ticker BTCE
Shares outstanding 19,863,630
Required collateral 18,271.95640959 
Collateral held in custody 18,672.24384519 
AUM market value (USD)* 1,220,117,769
Last updated 2024-07-23 00:05:02 * AUM data as of 2024-07-22 19:05:01

ETC Group Physical Bitcoin

Total balance: 18,672.24384519 BTC Last updated: 2024-07-23 07:00:50

Custody wallet addresses

Custody wallet address Wallet balance

Custody wallet addresses

3CPFY4VG7vSafQtZikbfjddUm3xm7quf2V
open
13,606.63746293 BTC
bc1qkjecqpzqypp4fpl6zje897lclsuusajeyy4c6a
open
746.80841371 BTC
35pgGeez3ou6ofrpjt8T7bvC9t6RrUK4p6
open
549.41073294 BTC
bc1q87k4k2fpet0jrfuufcd630jmjq9jn5wvwnw6srpjqdwsrxw8t04sw2jm64
open
398.71012368 BTC
bc1qkrsfzds9ldjqr20rt92eazcuja0wsky4q6dcd6udd073s4c82r8sp3zu4v
open
342.65199784 BTC
bc1qj4p9yr66fmu9yu4cndsqp6yxsyps7k0tajsqk9x0xnmndzmx3pwq6pd072
open
291.32763544 BTC
bc1q52g8a5affgehtw8vcjk3a7wlu5jnwf0davrnzuk7scyrpa4ee7vsxetxjs
open
253.33988796 BTC
bc1qw5kq04cauuqspqsfr0d3nhpjfw2a663mj9sasmsduul4t90mgvwqwvupfd
open
246.84208463 BTC
bc1qc4lrnwzgaq0q4krz7jheg4f69vg7wvrxlv3qlalms33fr9nwgvssv5k620
open
241.21958698 BTC
bc1qkly8v88graemfm4wx6hr80q4ahvla6mhm4q9rvkfgft6rfpsc0dqm2yq6g
open
215.34074600 BTC
bc1qyg73z8yx4ddxyuhjus46qjywuzuq2u9w29unf0kkvl82y9psmrdspl5fc0
open
214.27026887 BTC
bc1q7u5r00u322zhu6wuusjhwsnpjy4vypd3qta2p025yx8yta83cw7qwjap62
open
177.96047949 BTC
bc1qkzl5jwxzt8fwhu8nav8a9ygz5k3nv9skjemwkfyuwcjau98l32hq0lq7cj
open
136.70657350 BTC
bc1q5j7htq9zzgxyjzzxduggkrz2zfznfkac7480jf5av72zv4n76sfqk8ta4x
open
119.00602766 BTC
bc1qt95k6ky3rx9g9mnf4hypcz5xcjpz3z2t3srl0zsqqjwq34efa5vs8kltgq
open
110.39020108 BTC
bc1qh6t3ukuq33af7xupcjmv329jz0ghny70ppvd25cyhce2mm6des7shrplj2
open
81.64178240 BTC
bc1qkg6j43w54gx0tm40th3np358w67es39hjfxlycr6nnqmhfn4xdjqstjyzg
open
78.82526859 BTC
bc1qpjmk3qeqjzt5h5u6shmy2tagv7692s7d8068ydlllvtxk82rnqvsklk982
open
76.87735380 BTC
bc1qlufr7j3mtunsz4faanv2vxjqwft4sp95x956t6cz5agp55rq20zsem05z3
open
76.17559456 BTC
bc1qd76lyjckc889gkvzr7u6450hl542eun3kqlgkfzzs5y9850mrltqn45e3z
open
65.52287388 BTC
bc1qegmp8fum7zy2339vt4tzlgpymxezdxp2zhulcpd4gcym3vsunx4sleft73
open
63.07458445 BTC
bc1qpljy8x834x3hsk568yyda5cpgzkvxflq9nhgg06euye4fwg9xp9s9z3xdp
open
56.40891045 BTC
bc1qpwyjgel68pqvh58rdqw8yujk7e5arle6379sdj49asnt2lny87vszdfxzv
open
48.23623080 BTC
bc1q7qs6rhhy50up8hee2hyxglgpec37a4q4ve6gag897nweqw936uesyxxwcu
open
35.22001663 BTC
bc1qj4q9n7lwdcr8tcf7dxhnjwdymvyzfqhuccyaxdu0v9lwvx74csqqhgr6vr
open
26.66025153 BTC
bc1qxuhdr9jyrtkd7catv240td2r69w5w88g2pa7gr32rnj5a8y5mrzs7965u3
open
26.60705615 BTC
bc1qf0euf2d54mlvt5p5dmv8dqemh0vkwx3u82dc9mzp2rgt6jmtrnrqwv4jeu
open
23.01424296 BTC
bc1qdq9vxf82h8x4fu8s5ksgpgej4pv4x9gsx0hwfp92dqsym2m3ezfsv57lxq
open
22.65128085 BTC
bc1qu5766pnxqr8a6v5y6k3x4pj47dlhjydwuthjymkza5slz738vanqznz7f6
open
22.21362003 BTC
bc1qngz6syy26v4ew5vwne6hrysgdc4akguz734kez9ew9hnd4au0zts5n97aw
open
21.99227653 BTC
bc1q7mepnz5rmzettf0p0c4rgw98k6yyjrens6fam74j2ptxtl20yyvszqhakc
open
21.56132316 BTC
bc1qnkmzcnfak8y3yrrkmeazc4tcx8tmgaqjwxkgsk5768m6lpq36feqzxtqpg
open
21.37740867 BTC
bc1qg0sw2akpctq3djvrepxdrewgy3eea4ayq4aapwtf5uuw2cdxk2lshlglv7
open
19.68032545 BTC
bc1qw2w8ylz8uar4nmh9ufe920d5h4d4j5yh6p3p8er2acrcrph2n2sqddhh82
open
19.06876771 BTC
bc1q3dvqazxgqahzr6egzxyhyvmtxeq4u7cpxv0ucnk9d6kpzy3rl64spjtvjg
open
16.82246810 BTC
bc1qwrzu87a7sat37ezy7nwup2a74s9wzjrfln44rtu6jktjmzpyfkts6rau24
open
16.36255646 BTC
bc1qq3xm3hrvzk0692ze5xa0cuja6dm946x7w3ua7dy2d6k2ysrz67dslhjjya
open
15.79029781 BTC
bc1qs4yxfgw9x4mk6sehmud9y5gnf5wvmdx4taaav0p3xv9phzaupmxsrtr2sn
open
13.74453545 BTC
bc1qkad7448szkfp0lal9kzjxuk3xnqjwu2e4wqvj9zq648f3r4zggnsnlnxz7
open
13.05778823 BTC
bc1qtn7e2zn7kd3v9k6v3ajmsvjspjng44kuywzdjupggkgcrd6m466q8g4my2
open
11.16821495 BTC
bc1q86m26rsu4hds5zlfcglwan4yq9lddtjhy736j5x53v35zm33vpasdyrdp8
open
9.87109315 BTC
bc1qfvg8q7ck9sf3mymjawwwqxmy8tdgv83sjp4r0702zan0vltzxvysj6fpp5
open
9.64145051 BTC
bc1qcexjduv6l6kna990nml3n3t76qdxe5ny3rtwdgsnlucz7ztgpyhsr066qe
open
7.73689457 BTC
bc1qyhurxr0qllqqx3zwxc39kunxvxs8c76yhn9pzat3a2aa9ndt0veqpqj27m
open
7.25430619 BTC
bc1q8mrddu0r7xukk4n3r2xduye7vauryul46d0t95fr7c5qan03l39qxm69d9
open
6.93907539 BTC
bc1quwt7d8py90t4k06fjtn7jagdlevalzvmusdkayevqtn28trdsqvs4hupm4
open
6.32610097 BTC
bc1qgxrqeppm94uqf8eklns3y9p6e76l743m0z0n0zmeegg2ujewhxzsrfqlz5
open
6.23306578 BTC
bc1q9ut8v9u076la2m6cnf2qug9rpn79edr6pp2eu6se27w98phklp8sarn8qq
open
6.03537497 BTC
bc1q0eh4g7l0yvxefqxffwr35qcp9zfne8js5mnqgf0vurfasnjf4w2s8300ex
open
5.81766346 BTC
bc1qhv3dxrdt6xsg75u022h9zd8l2kwxqc6hn97tjl89m9sn68n7v9jsjzm6hx
open
5.27044403 BTC
bc1qzns2hduyg0v9uksf29flmu23ckygwf74344akgms3d8amy57xc7qpcn82x
open
5.17262564 BTC
bc1qxzkfhsu660y3rtatmu7nua3mmlum4swd2e78zjvhf7jswdk6hlhs20ca60
open
4.80297893 BTC
3Pfqp9QxZ4zi9a3tzbPDUE18nYTuYhhFCF
open
4.60137648 BTC
bc1qwk2g9mf5w0vh8pr0epxfm4th4962gk6kqr8adkq2rym7tc8mxkrq9qfqes
open
4.47096209 BTC
bc1q3gfcdaheegsgrgquf3vyrg5nprmdkflsvsp0q6jy22656u4tjyhqxd3svq
open
4.42755926 BTC
bc1q9094h08w2h82fx723kqgqh60s9f2n8lr6c2p6zhfg8uyyw66l24qsycj0t
open
3.95978610 BTC
bc1q78wvglw4675w06pwru6y2np6npv3effk8sykj4mst8teqlysattsw770ec
open
3.43408563 BTC
bc1q6jhclejhlrpz8squyfd0nj7azlppx9hn68jwe3htkgm4j7qcuerqystkrt
open
2.98080201 BTC
bc1q4h42nfxs62vr8zfqzectacsz9dz9ma0g6rd800u5sqhrgfw9ld5s93sw6j
open
2.92008781 BTC
bc1qqqxwlcwz49xf78406kwwgwhefj29qmchk4w3jt0u84m33t8scy8syrs4m5
open
2.35736146 BTC
bc1q8ml0sxkeskaq39390vum9n7w992ludctx4tj0wd8huqkvjgje3uqj0kpwf
open
2.21472598 BTC
bc1qh4lnjhvdk555eg8z8sge6eae3nrkn6dghmeed7urwln082d5ts8s2kq3h9
open
2.10459702 BTC
bc1qqkap9ul4tethdyuq2de9u9gs3ank6wqnc40f73vq4f5aa95570uq46zcvf
open
2.04805053 BTC
bc1q38av30qxrks49nl2qf8lgpeqlagx4vk8ps0mkgsfl7s5twlxelhqlpss5c
open
1.95788458 BTC
bc1qz0c0up5sp0k7rz38sd6ptp8l4y70vq8t6p4zw7vczu2aqcp9676q2yvcjh
open
1.74636807 BTC
bc1qyjl5gnrjzuu4ua3g3th6zta0df0zypc950l6renc0nt7rm4vhj0qp999w9
open
1.73325739 BTC
bc1qeunees50aapg3fk40ux4tgtzjnyylnnv5aqute07n72r6mye0j7sd8qy4t
open
1.37774510 BTC
bc1qgvu0dlc6ecsr8d0tuwflmq56pz4gcm4m4u66s8c86t46w2ahtwmsawpntl
open
1.19025550 BTC
bc1qcfpnttn49xwcc92wnz2fdmlsmap9230tnernej8cswyxp58t38ws4gxg0x
open
0.78750009 BTC
bc1qluhg0l6ldqtaehhhsf3lks8ckcvrjnzwah8x022rnl8tkesn87uqal27u7
open
0.74293102 BTC
3JSZerBJCBuswDdvv1T2ae3a4QnjdiLQs4
open
0.65956111 BTC
bc1qftve8r88ssvm637hpwtqkjflnwhwlsdt3sl84nfm8y7xhzenm99qpsg3s6
open
0.53308605 BTC
bc1qe9yn7gug7ewacg0y6jpk8a9k9mah6hg9llds0du56tdzhlyqnr5sezs20w
open
0.51714745 BTC
3NfFY549H4Yaq2P8vVu2e2XupKaub56jec
open
0.00022546 BTC
bc1quuugh3ypph0t73naft8mgjr8gudl90gsvn7r3gh46axecy693njs4tu628
open
0.00003063 BTC
bc1qfucjajqdkrjc0j6zkn5qekrmh8r644uend4h4djlstsxskdgxdsqgdn6k0
open
0.00003063 BTC
bc1qqqcz8cd09uwqycvxgz70zcgx9lv26szkcufqc09ged7ugzua48pq7x3tvt
open
0.00002517 BTC
3CvAaWcoqiRT28a2XNUZPtZq3Xc5AbbmRZ
open
0.00001094 BTC
36Qk4H2hNuHxnhRhDmA2AuBPKBd3cor9m4
open
0.00001094 BTC
bc1qym7ankeqgenm57kt97km4k82useztklepkf98xa7sptpwpekqeeqlpzjwa
open
0.00001092 BTC
35gg1f4t6KgBdUXtqXP9gQREDAUVtWbNnG
open
0.00000550 BTC
34imWEATKiNv6Fg9YUmpeQEawA9HDZuVRT
open
0.00000550 BTC
3BgYQfHV5q8aJKvWTrxFgZKLFQS3Sj1ZGA
open
0.00000550 BTC
3EX5jdEyEcc7h2L27sC95T9kmiZNLS724m
open
0.00000550 BTC
3KybBwjiHJQ1e3dvNQtJJLWaEe1zJkqtpx
open
0.00000547 BTC
35zHPDLWfYyoTf4n9snhJPD92AvTSWfMJF
open
0.00000547 BTC
3HXcKMs51QFdB4tNnrPubVuoCeQShAJWUf
open
0.00000547 BTC
37uQ2qzDg1qu1cFRdVaw8GCabGzNYJopzb
open
0.00000546 BTC

FAQs

An on-chain proof of holdings is a way for an issuer of physically-backed cryptocurrency ETPs to provide transparency and evidence that the amount of cryptocurrency held in custody more than exceeds the required collateral for the ETP units in circulation (see below for required collateral calculation). This is achieved by publishing the respective blockchain wallet addresses (public keys) that contain the collateral for the product.

Publishing wallet addresses on the internet is safe because the wallet addresses used are public by design. This means they can be viewed by anyone with access to the blockchain. With a wallet address that is a public key, it is only possible to receive cryptocurrencies. However, it is vital to avoid disclosing private keys which allow cryptocurrencies to be transferred. At ETC Group, these private keys are managed and held in cold storage (offline) custody by regulated custodians.

All data on this page is updated regularly. Please refer to the respective timestamps for an indication. The wallet addresses can be independently verified on the blockchain.

It is common to store Bitcoin in many different addresses following a series of protocol-level improvements to the blockchain dating back to 2012. These improvements introduced hierarchical-deterministic (HD) wallets for enhanced privacy and security. HD wallets generate new key pairs from master key pairs for each crypto transaction such that the resulting hierarchical structure resembles the branches of a tree, with master keys “determining” the key pairs that follow in the hierarchy. HD wallets have multi-currency support and can be restored with a recovery phrase. Today, the vast majority of Bitcoin wallets are hierarchically deterministic as these wallets are considered the best way to store Bitcoin safely and privately.

Ethereum's technical architecture is fundamentally different to Bitcoin's. Ethereum operates on an account-based model where each address represents a single account and therefore it is not necessary to use multiple addresses for Ethereum as it is for Bitcoin.

BTCE and ZETH represent the large majority of assets under management (AUM) among our range of physically backed crypto ETPs. We plan to add more products to this proof of holdings page in due course to continue providing the highest standards of safety and transparency to our investor community. In the meantime, the independent administrator within our structure issues an AUM balance report weekly.

By design of our operational processes, this cannot happen because in the creation process (issuance of new units to market makers), ETC Group's issuer can only issue new units of the ETP after the underlying cryptocurrency is received in cold storage custody. This means crypto holdings in custody will always exceed the required collateral amount. For redemptions, the opposite happens, with units of the ETP being cancelled first and therefore brought out of circulation before cryptocurrency is released from cold storage custody.

Required collateral is calculated by multiplying the shares outstanding by the cryptocurrency entitlement of the ETP for the day. The cryptocurrency entitlement is the amount of cryptocurrency per single unit of ETP. All our ETPs are fully collateralised with the underlying cryptocurrency which is held with specialized and regulated custodians.