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.

Got questions

about on-chain proof of holdings? Read the FAQ

Product

ISIN DE000A27Z304
Primary Ticker BTCE
Shares outstanding 18,150,785
Required collateral 16,974.97926530 BTC
Collateral held in custody 16,984.50191171 BTC
AUM market value (USD)* 455,793,007
Last updated 2023-09-28 19:10:01 * AUM data as of 2023-09-28 19:05:01

ETC Group Physical Bitcoin

Total balance: 16,984.50191171 BTC
Last updated: 2023-09-28 19:00:35

Custody wallet addresses

Custody wallet address Wallet balance
35pgGeez3ou6ofrpjt8T7bvC9t6RrUK4p6
open
10,248.29824681 BTC
bc1qzwr8nzm8eafprhu5z4ze8atgmz8c5h2s0gl6th0y30pfnpdj377q3skp7r
open
649.09149147 BTC
bc1q77m2eng3agxnx48aluahymxe7tk26nmsk8h97fg9376hlh5xntusaxsl0d
open
377.02202063 BTC
bc1qlj2r03fyfhvawy4u4l9wpp46pja4xqndnsl4c2swrn65aq5n48qsjfppqk
open
347.92052619 BTC
bc1qc7xeur0u64upf8q8kftx9gkz9uweahnaqskxky4ewxuye92qnn5sep2l7z
open
338.64861769 BTC
bc1qnlk9xpr8ta6e7cj02jvjtx6l5gj69yq75qzg3ks0ndm7g4vldg7scpyj7z
open
315.19629489 BTC
bc1qghktrsthg0srxauuup6am9avkz7carn4ccwtdrcy7qrpf5q40sns4l8ye6
open
314.37281593 BTC
bc1qc7gp2kjsgzhcx3gdp2ye49587vhlscgh3d6kp9ng60fsr3x6tlpswhe5lk
open
206.40360523 BTC
bc1q6ku76f5kcgqwmxczzv5kqreqgh5hcj9lj24w98m8cx09st9ur09sksmkz5
open
192.27413549 BTC
bc1qxlp2v6f3w7sk2tw6vmjsyftqfssfhcuz70dunx2x2u7a6qg26kjsmeu7l3
open
189.09190092 BTC
bc1q775hfyaxlqmk7ta9svx6ngqv5977a8h87qec8qnuj9dyda0pvycq2m640c
open
185.47214760 BTC
bc1q0zcr7ewzk726mvuvsfnulsrnmxgjnhnjnvurpk5a9fgp2p39hy6q46w5ww
open
164.78968125 BTC
bc1qvprew9vdchengt7gmhatgyztkqz7q6e8jc3kn896hml7sgrreewq6cw520
open
156.72206273 BTC
bc1q4p6dz3rnnmlq5feap73eq9anmkhkedx2u39senca7fcvkgsqn6rs6935kr
open
152.11101082 BTC
bc1qm5x3xm496wznt37fywnggw62lequwhugk0lph9jd7uxemfm302tspz9ssd
open
143.53648515 BTC
bc1q6k0r0c4ktee2y39xzp7p9yrpmtynzs4xtse5ydfutfm75tcga6mqhmq8vn
open
133.77248998 BTC
bc1q7ru0dna46t3ctpxgdhdhxyvukn5q0e3qq70vndj36caj2waeelusjfrp5x
open
121.56756647 BTC
bc1q65dtruxk6nq4duzsa45a70skv3rysepeawgfmhvy0vylt9m9hg2qgze6qe
open
119.29089753 BTC
bc1qka8g3nkjec6q4y76anzw26utn5zpayr2399jjsrlhzl76whvereq8ge38h
open
114.57504711 BTC
bc1qwz676nt2p5ll55xws4uxyx4dnn4f3h7xz6krj53qucq0cx7h2y4sfrd3c7
open
105.80023112 BTC
bc1q6cggtngu9ga62cwur96xk9kxsqm7umt8227sqa8jmasuwphppt0sva7ha2
open
97.99998393 BTC
bc1qx552tr6mdh0fqlw8ztjxh77kfu727l79nu7pp7nqwd3mrq62cy2sqs4x59
open
85.57498310 BTC
bc1qnjm7dt45635tae0h6avjsnug9fjm0555cvlx0a3ey0ql4cfz68qq84p334
open
82.26302813 BTC
bc1qk5h5g52xa4yugvel4pfqxmgz4euzfgutynvth779a6259cmc2yhqttun5k
open
80.85900103 BTC
bc1q3gzk5hemzluy9u0xv4k5u47n0fsas22ejuqckkfvd46rzs8u3tlqean8f4
open
79.08297185 BTC
bc1q82ljx37ew9kg000k6s4t9nun7hwk7j4rj336d68cx8k506nl8auqy7x2k8
open
72.56802785 BTC
bc1qmzha0mf6vsj2wscf3uvjyrwc62758jc0lluh04u0gnywghgfk6usnc6pa0
open
71.40052828 BTC
bc1qcgnj0vey2529w9yk3uu6uq3rgdk7dsyl9vsmh99sv75yyg8zffzska2nsn
open
61.68974394 BTC
bc1qr5yjzvt8h0z6dkpdxn3d4jc9vye0wfxgfj3afxxrujd35kzyl9zs4efrvt
open
60.39578846 BTC
bc1qq55l983cvmyjwsqe9nq56u43jzcfulxsf3z07r07lrwvg9fkfqvsjtrk62
open
59.50796977 BTC
bc1qmq56vwqlaafaugvx2d46spe87gzmnlzfg8nut6ugynndjac5qynqy7nunn
open
57.91127571 BTC
bc1qaq8la4f2k3uhcnqq3rydrhxgztwvn487rw5sv6szhacsp8xc0egsc69uxd
open
57.09369991 BTC
bc1qrdlvx7lc738nfxzfvzgfpu9p8jy762893lcgwu0qu383y8a95cfqull2st
open
56.89075663 BTC
bc1qk6d6jesy7ghljgr9rg5hmf90eph877sejccd9xnnd5at0r9mjgys84q6ts
open
54.87450303 BTC
bc1qv0jxle2epgumgnjc4ekdh2l2t7v7w0h4mmtvmqv06ta9qeq9narqcw6el2
open
52.90012788 BTC
bc1qrvjg7yqyq77058j585p4jt3rzyfndpqx5hs04glmfznqsxp8lxwq9x569l
open
52.37201442 BTC
bc1qjvg7urd0w35ka7fpqmfdyudwkg24txrexzcqnddaf89yu3lp5ecqzust4j
open
52.21994142 BTC
bc1qhf7qvv9krwa7n3mydm3rtt4pkrh0ruuwktx2unpd23juqc2hpzxs03mutv
open
52.07912835 BTC
bc1q3fd5ykpf2xu0386h7hmylek8j3xphdzgk3kj207e9y5evv0qdzzqxhzx4m
open
49.65243703 BTC
bc1qm336fm88xkccc4kncvn4mkmthlk50fa7ylur70xsvnu5tft42frq0xnc2c
open
49.04028690 BTC
bc1q8lqpgs59z0mwjjzr8896mga4mvz58ee7zl9843x0pnx2a98335tqjvvmdk
open
48.99842178 BTC
bc1qrx5pagz88gnmfskyrljnyf7njkzezmumfpn46zlau2tdam02zc5snrwvqa
open
48.34605665 BTC
bc1qc2clflgj3edh46ujuxs7l6wxkxz709ts7u6gnxjfyqaennyugjeq8e4fp8
open
48.33750969 BTC
bc1q766zpdmdxw5gccjh2evsntz7gskyqg5hajrjpn3p83r3myjcakgsh4e66g
open
46.11206382 BTC
bc1qens4u7yy4s3d4r9j6gltevf0tr53y92hlqnzfz2jxst0fz3jeqhsjrdpkh
open
43.51931627 BTC
bc1q30qvyymwstnfgnefcrchlz5c4x4xjxqry8nqmkkatdf7padsttssjnm9cq
open
41.84435054 BTC
bc1q6uvnml38w3ds20vhehlng684dhkevsk9l6nyn3ku5z0v3jm2qqasqhex6h
open
40.16329099 BTC
bc1qjce06pdmhplsrxjlsn7pxln0udkcpd4jkzv9yypln8z4ce045kasmpkl9e
open
39.88718169 BTC
bc1q3wgqgmnx2wnehnmadrd7qufjce4ka6mhm4jr39u9rqnyfs73vttsapcj2m
open
37.62570117 BTC
bc1qty866lpf9tnm4nc3t5k2740qjr2afzjr4flmsggvpwh3m07c2gpsqkerxm
open
35.69131971 BTC
bc1qthtcdd3q0vskhxekacn7atckasrkc47fyn4jkfpju2zr8k7kvg3q03vp85
open
35.51657513 BTC
bc1q4205tgl6xc250z3ja95kk6xjvk0k0h3fwtszpk8j7d4fj7yz7hgsvh98ek
open
34.06961746 BTC
bc1qyhh2yttv5lffjd08dp084dv0rgg8kcfsl7qv3udue6kkut73qszqnhkx23
open
31.04395009 BTC
bc1q9cwktgc9ccxrft0k4adccg6mxf3jz4u3h6jsrane03krmph4cqkqvnplhl
open
30.55190002 BTC
bc1qcy42sgwesejxcf0vj334frn08ykxsv58gv83ftjf7mdxqynn2raq68wg62
open
29.77212068 BTC
bc1qs7z0gvfklhvtkchf7wva2m2yfalp57tkg7gqgvfn6kpcn6aslvqs3mvg22
open
29.66853188 BTC
bc1qwn2zrc64q0ehfmrjy2pg27tnewv4ufkmnk7yzgv07yy9kps0dpwqlewrvd
open
28.57617874 BTC
bc1q4ulaueusr6svrvu6u06drctxqz9jqsfrtc2f6jje8y5kgf6f6sus80etne
open
26.79360568 BTC
bc1q0afyewu2z3e86a68ddxxna4ll5yya0cdjwhjtj48v2zc5rrph6nqrrnwjm
open
22.90137067 BTC
bc1qfalcmp6yc4k5faz33qjqs45rkjcuw8yuakkz3dvlc0d8p22fu03qjdn4tf
open
21.37290786 BTC
bc1qv7psfv3228g6lvc26ef4ppw05gdvul9pu8a6y30m3h9nu7vflgrsdc75pv
open
21.25740736 BTC
bc1q5rh67alx2s06mcfdl6phvzz9nxzg82gk2qau5e5vc02lmssjyyfs3d6u7m
open
19.93586883 BTC
bc1qs2dzhde3062vsfa4y7r5638rmasjtz3w8xj3kcx4ahfnz5u8m49qt6arpf
open
19.01814823 BTC
bc1qfehuusua66wmj7tqvdcqsapv9tmdpf70eq259lyyx377hs89ldmsxlcsqx
open
18.78733044 BTC
bc1qa3dk2jck0u24h00vu9n9fumae8fl2u4sf0xyktxtjyydtz9s205q057txq
open
17.90376720 BTC
bc1qash49wmprl5d722u5vfss2ehqc9665rtxf5acqassla5sny9jftqs9vuvu
open
17.81095615 BTC
bc1q9r8566zjr2mk5mgursj3tdlx00cu2j3y8nsqypcptwavfga5538q3lm09v
open
17.00300059 BTC
bc1qjm8p2q9r9txscwufv48wl5krf0rrc2tmtlk53dwua4hcrzh7kars9qgvs0
open
16.74923663 BTC
bc1q98pcwmg8sq6rq36nv44f6ghjnhfg0vyekzugj0rhhkyp7j2y6ctqu56dhw
open
16.71405070 BTC
bc1qfz0fj9styr9qdj9qs0t8zvh47wk325h8nnqwy3kdl7w87dydqvkq2zkzvq
open
16.17528198 BTC
bc1qrejkc2pktzxwqfdkv7zzdqcr4wf6e73ulge24r8twvj3jwf5uv7qfvdf8s
open
14.75453630 BTC
bc1q5deeamk05rku2hsq749e8we6f62vche0tf6u32k0t9mrypcsmtes6k6ffm
open
14.70701179 BTC
bc1qv80rvzj85ghlvhs2rk2qekwp9va9nd7vd9ddauy46vpez2yf85rqz22w2k
open
14.69346940 BTC
bc1qt46rcyptln6a8y4mlxsm5h42cv6gxr9jtr5w3sr4s4tlah0k25ys5jafqk
open
12.30418751 BTC
bc1q3eartcmkcte80v584s8jxxlm7z833mr78f95kq5h658cfx5a7ldqwhjg0q
open
12.12534616 BTC
bc1qv45np7kwkhek6jnjvh7fy7sryycz9vrpp6clxaadzv2r5p07awtq2ad6yw
open
10.69545701 BTC
bc1qa9j0sssuc4egtc2ptdsa8k9txyzk2pw9hafujvnm53sy9crex8kqve3w0h
open
10.44572983 BTC
bc1qsnxsc3zygnx5dnk0uaq857lgdafsl0gxsyljvdrjre0ha3flucxsas4lsl
open
10.23180404 BTC
bc1qh8csxhqpy30jaeq2h77cddfut34davhdlvtc9mhm342wnk77rwyq2jw37p
open
9.70405698 BTC
bc1qpv6l93f0vqts5jlqphe09ue5lded9fg4eqdyk32uvudeydkjvkksmefr8q
open
9.52241732 BTC
bc1q3rvqurrrxpwhamrttl2re8jdextw8k94yq4rpg2vz2ksamvqhxws4kdw08
open
9.41248895 BTC
bc1qstfujqdfewjqs46fzhekhdzt7r8mq233ruvtr0urvsvdt0vqzezqttdxx9
open
8.60982084 BTC
bc1q5w4r54nfzrdhvgd0zmauygv59zfsxcnggektlntlne0tpndc9mjsxywzlx
open
8.46354997 BTC
bc1qgwx8aftaex89z43j6g58lsxpuvajnddtlkvz4nt7t2c68few36jqhwaxjn
open
8.01600404 BTC
bc1qldm5l7l6fcuqj77ml7e6mckpfnk5tng4tdrfu7nxw70h53qych3q47ltqh
open
7.90198222 BTC
bc1q4f9y3v90t4ppvjaz259vnejm2dksc6h5634sajslgxu44f673cjq38uzgg
open
7.22413957 BTC
bc1q69dsm35hrdl9kdv04r7pcarm2rksn8yw3yav6qjlmv52y94d703sg2qqf7
open
6.25583144 BTC
bc1q6gnskq7yu68zk5j02gxj7hq3vmg0t0u5t6uf8th72zga7788emkqkpkm6u
open
6.16798348 BTC
bc1qk8xq45q4j95pxqm9azp33jyanclxf6v6few7kv63cyz5349cm20q7vr2kh
open
5.36621394 BTC
bc1qwxpsfst4r2pcw89wtyzgn00fnwe2uchtpft45m90n8dtf2sdm2cq5fdwej
open
5.07618574 BTC
bc1qcv09tzmmd5vfgt5443l8ct6vgnqamkfzvcgfax2tjdu4a28u70lqc5mmnc
open
3.54499284 BTC
bc1qqvlxpvyasjwnv55qe7ntf0kpx0vywv4g5pqufhg6gcxdemqu7gtsz3levq
open
3.43553226 BTC
bc1q9q2cmdyanak5x78q3a88r94udd32lnmjh9m96y5t6trexq0y2xwqjy9t3d
open
2.80748566 BTC
bc1qr9vtu4g6guuh8y0jhhx5xggyeuqx8hj6y3sw2u4uhvuf2ed25mpqm2yydx
open
2.68088819 BTC
bc1qq0x5hpz2dhlaa0jfqkf3lm9y8ewtzs2s73u6hlcnmge6azpxynhqtjjlds
open
2.38989614 BTC
bc1qacuwe92vjlwxf6723gfpurqzuf4n5rwtnkkqltt5e49q2gqm95psnjgm5l
open
2.12656628 BTC
bc1qnka3qaeanhk83jr57fet49z88etlypcp94yvrdz6ze4cwq0ns4cqynqnem
open
1.64422146 BTC
bc1qv3zchgh24wkq7hh4q8jtfg4zl4qpr5c42y6w0rthxfdef2npvevq0amg2f
open
1.50520635 BTC
bc1qd3p0twf4hs2rjdt9he994guntldwj6qjydwjax9anqr97la8p9dqrsqmry
open
1.46208921 BTC
bc1qh0y2fad6y8ze73neu9wj5kza5guuy3erkt6mftlf3zcga72xa03quznp3g
open
1.36065890 BTC
bc1qw54fafgek4ekgvl33zwnsfkwz3c24rj07jdpn679end0lu855lmsf7p7yl
open
1.15692292 BTC
bc1qfu9rdsqlcm6p9jhfrcnj8mjvztj066f4qkhs57w6x327pg8627hqs409a7
open
1.15388618 BTC
bc1q6lk8vmtgsdj4wxxntl79776vz7x447c9uxqwaczw97ges65aejvs4q4dcz
open
0.96243416 BTC
bc1q2d3z4pwzrfkzr5ny3urnszytzqua4cn4w8qtzpx30vwt2v2mujmsxxa4df
open
0.74319934 BTC
bc1qj46402zgxk39lq2f3wt7su940pvq4fgnfkr3ze60rgn42wzd0vwsc8hdk6
open
0.69335296 BTC
bc1qlnrd5c4xqk39dap8guxprzdfch4chm3jr2u62mhg6kvak2ess6jqdndmet
open
0.38092101 BTC
bc1qfu39funfvw05rzdqvjyfjlehdlgupyy2e2xz0d3kqnq3zyzj28ks7s9x8z
open
0.17756261 BTC
bc1q4a8jk5s2eha42wcywqjl389my58pzx6z98fn2y9myalu94canr9skszvza
open
0.11732716 BTC
3CvAaWcoqiRT28a2XNUZPtZq3Xc5AbbmRZ
open
0.00001094 BTC
36Qk4H2hNuHxnhRhDmA2AuBPKBd3cor9m4
open
0.00001094 BTC
35gg1f4t6KgBdUXtqXP9gQREDAUVtWbNnG
open
0.00000550 BTC
34imWEATKiNv6Fg9YUmpeQEawA9HDZuVRT
open
0.00000550 BTC
3BgYQfHV5q8aJKvWTrxFgZKLFQS3Sj1ZGA
open
0.00000550 BTC
3EX5jdEyEcc7h2L27sC95T9kmiZNLS724m
open
0.00000550 BTC
3HXcKMs51QFdB4tNnrPubVuoCeQShAJWUf
open
0.00000547 BTC
3KybBwjiHJQ1e3dvNQtJJLWaEe1zJkqtpx
open
0.00000547 BTC
35zHPDLWfYyoTf4n9snhJPD92AvTSWfMJF
open
0.00000547 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.