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 23,311,115
Required collateral 21,556.24467775 BTC
Collateral held in custody 21,644.68586704 BTC
AUM market value (USD)* 1,378,286,818
Last updated 2024-04-19 00:05:01 * AUM data as of 2024-04-18 19:05:02

ETC Group Physical Bitcoin

Total balance: 21,644.68586704 BTC Last updated: 2024-04-19 01:00:54

Custody wallet addresses

Custody wallet address Wallet balance

Custody wallet addresses

35pgGeez3ou6ofrpjt8T7bvC9t6RrUK4p6
open
4,766.15622962 BTC
3Qgnwg7FEqk43BWtu9ModWs5yXqBhdC5fd
open
2,846.37663443 BTC
bc1qszzacu5ved9ceafqcphkrz7hzrwqttwx4jltu7du0avcy4wk4uyqjv44dn
open
463.39872819 BTC
bc1qfucjajqdkrjc0j6zkn5qekrmh8r644uend4h4djlstsxskdgxdsqgdn6k0
open
451.05609615 BTC
bc1quuugh3ypph0t73naft8mgjr8gudl90gsvn7r3gh46axecy693njs4tu628
open
428.66975462 BTC
bc1qqqcz8cd09uwqycvxgz70zcgx9lv26szkcufqc09ged7ugzua48pq7x3tvt
open
423.89251591 BTC
bc1q87k4k2fpet0jrfuufcd630jmjq9jn5wvwnw6srpjqdwsrxw8t04sw2jm64
open
398.71012368 BTC
bc1qktwuhl9pdl6nyk8efe987s09w46e0sdw04e9ah2u4jdawt25fv9qvjv6y7
open
389.86338620 BTC
bc1qsg77tgtr3wqhkqvz30gyhpnpw4m987k0px559dfph8845g8dn06spts0yt
open
364.74997186 BTC
bc1qkrsfzds9ldjqr20rt92eazcuja0wsky4q6dcd6udd073s4c82r8sp3zu4v
open
342.65199784 BTC
bc1qtuhvd4h5g5tjyhyfkdhrpqgc4c0tvc62yc7rrqpnq9cgjjxgdjyss74xnp
open
327.76930664 BTC
bc1q57czlafqc3ezht9eljkx5cxwcww4xkucncxpcprvqj84a4z75gtqj3ms6w
open
327.28910257 BTC
bc1q6w57ule0235lya7al8e8f93qzs0dp9cyuz486xs7rrxlpsrxm5qqvdzzuv
open
318.23519984 BTC
bc1qnjfa0cs8xr4700e64j7l48fxukyuukn93c83090g8n39acnrcwvq3t2j5k
open
316.11907070 BTC
bc1qa08jgzk9hssw4vxt6yjgaa35wpscdalldr7dklushphe3w9t822qk7qg3d
open
302.74896112 BTC
bc1qhv4xejfcwdqkray8mc86n5cx34gkl8g44ahxj6tv39xg86fnnpssagak98
open
296.47264312 BTC
bc1qg39wzc2r86fjc7m6h25qr73p5g05zxtd4meku3zena6pafmermvs0txll9
open
285.82574613 BTC
bc1qs768g4yngt0cpnd7dgnu36a3rwa6watlvwttd3pe3st45t4cnvnqcw2cgr
open
277.85139333 BTC
bc1qw002kcwgavxg7u4r30043m8rye3rdge0dqgyxe93y4a33epw59nq0fx6mm
open
265.67219746 BTC
bc1qr4qfzr456tz4qj2spvfz9vmeus2l73ffxn86cjjyqs0lg4j00mqqsya62f
open
255.14229551 BTC
bc1q52g8a5affgehtw8vcjk3a7wlu5jnwf0davrnzuk7scyrpa4ee7vsxetxjs
open
253.33988796 BTC
bc1qw4elg5ctz487n78swm5xs4wa8saqkwjla0f0p64tjvms8v9qamxqculvs9
open
250.14009649 BTC
bc1qsp796wc874spmvv6l9h5gna5fnlv6y7985swp729nfcdfgjp9u9s79s200
open
249.13454933 BTC
bc1q45a3ld5gwpwsgk6lrszj5ltx6cnqhgtrqgtv0qrfkqnt3lyf862s8ch537
open
248.60995528 BTC
bc1q27mf0gezg6jrk82ur7q5x568q2aes06g4tqn7wc7nkmlqaushlpqtgqhkc
open
245.54388412 BTC
bc1qc4lrnwzgaq0q4krz7jheg4f69vg7wvrxlv3qlalms33fr9nwgvssv5k620
open
241.21958698 BTC
bc1qpdjwhry9eczxuwtjwula4p9980hcrmfydwrpc9tve6vlw8t5v4rqg6s7ey
open
239.18103832 BTC
bc1qkdv7qva67jvkqx6ytdjmd2uu4h2ped0w4uzx2j6z8q07x52cw3fqgp8vtk
open
233.58798163 BTC
bc1qw5frdcqrtfy2g8n4sy5r67v3nmag8mjedtfv0htrl5nffwrat35qsx68qc
open
221.31902144 BTC
bc1qkly8v88graemfm4wx6hr80q4ahvla6mhm4q9rvkfgft6rfpsc0dqm2yq6g
open
215.34074600 BTC
bc1qyg73z8yx4ddxyuhjus46qjywuzuq2u9w29unf0kkvl82y9psmrdspl5fc0
open
214.27026887 BTC
bc1qfrkggqsryypdq2ku7yf7mmtfp9dy9wlcxqsv94a5y73uakl9j0fq6gc5cm
open
208.09641871 BTC
bc1qh8p0dpazyy262d7nt7ne8jh359ey0yg5q3uhqgkv8c4ttlzf869qcguxr4
open
200.97126301 BTC
bc1q7u5r00u322zhu6wuusjhwsnpjy4vypd3qta2p025yx8yta83cw7qwjap62
open
177.96047949 BTC
bc1q3nddrxg7zwa5guufrphhpg7r83aj7y42xdqg2use8fwhmldf6urs2la9k4
open
176.68935645 BTC
bc1qcanjalzgnannauykvt2lz4ymh9vye4jz7fuh2sd5fjumw2kcq0yshzgp20
open
167.09150064 BTC
bc1q05c8xpzl3rrq20tjez8r2jl6r2vckl5yclww9mkhj7xspedemahqvfrdkj
open
163.75022938 BTC
bc1qpn5tpzre70zugq9wwzrrrwdqwn4d3mvzdpc2ze2w6jvpzypc7fvqjjs7d0
open
153.96777316 BTC
bc1qu8u45kwua9y07p0qpapzf5fvd99gfgtfatwgqmujd3gg4wwe06dqmwam83
open
149.41453649 BTC
bc1qq5xud3hu3kkyn34q7p0akdqmuzkjf8cquxav4py0hpxgumt2teksn8sqce
open
142.28787717 BTC
bc1qkzl5jwxzt8fwhu8nav8a9ygz5k3nv9skjemwkfyuwcjau98l32hq0lq7cj
open
136.70657350 BTC
bc1qp8xg35rntn52dp4dw44yuejyxmpz4zywway2p2tex8qvx44ksnmqjuv25y
open
134.20996926 BTC
bc1qnj2hmsj3rja9qs3nqzpqvvdavk4nhutej3pjsnf6h03s0e2uxcvq6jndsr
open
128.10812462 BTC
bc1qht3wjjq4pv3pgu0cnjmhxmm4ynd6xwhzs7xggrrefqu3hhwzjycs4guzvm
open
124.07821922 BTC
bc1qym7ankeqgenm57kt97km4k82useztklepkf98xa7sptpwpekqeeqlpzjwa
open
123.37581321 BTC
bc1q2tdll9zuy77fptqyzcnx8q7mvj8ujncur2rysc30se8ca7seu0ksu40alq
open
123.08956382 BTC
bc1q30werx8z6ddu4cudzqpgh7pdys75llhkg2emdafr8h7wkvr7g3wsdjtz44
open
122.66959052 BTC
bc1qgvgmxp8j3ypdmn8pl2t03mnktsvenad0muftrfhmz25af5shk4ks33axkg
open
115.40364134 BTC
bc1qqgcrgaj2v98m6qcx0dn9ppgxa3tzwlrttuueztset4c7ydsuw8eqh9j8cw
open
112.51593158 BTC
bc1qt95k6ky3rx9g9mnf4hypcz5xcjpz3z2t3srl0zsqqjwq34efa5vs8kltgq
open
110.39020108 BTC
bc1qqx8kzpzdrxvzsf3gwvlqq5ajgvf2rtajw9f9g836j9afplq2j05qxysw76
open
105.42309800 BTC
bc1qfmmt8hsdegza7cckcfu85cg8rgch5rneut5thm524dw5t9gxmr2qzpehwk
open
94.69959182 BTC
bc1q730cts387yfpulrndynn5rg7ys0xy0l4u03m0pc8wfhxyje68rcsrax5jq
open
87.72769012 BTC
bc1qnecvw0vxgm2744dpshhe7r0ell2mvgv4vepmajfg0ugl8x850tgszsyyd0
open
84.56037049 BTC
bc1qh6t3ukuq33af7xupcjmv329jz0ghny70ppvd25cyhce2mm6des7shrplj2
open
81.64178240 BTC
bc1qwaw5ms4279yxu85xltdlzgya9vztc7xmy9k6sr7ezd8ef7m4q8tsww9mrv
open
81.63840181 BTC
bc1qye2te2sfdtffwj7f5latves4q35tczyeknquj479le32k22jxr8qdk58j7
open
79.65076013 BTC
bc1qkg6j43w54gx0tm40th3np358w67es39hjfxlycr6nnqmhfn4xdjqstjyzg
open
78.82526859 BTC
bc1qapdpt8yprqj52zp8e9k0aqt2eva06l7ydc5xrxmselk52360fc9shmsjc7
open
78.70363359 BTC
bc1qpgxd2h5evj8ptwr6k5as7syrcmav8yz83uhffm2v6rndsj4cddlsvezwc9
open
73.80310935 BTC
bc1q6qe9lh72fq7sa5utfrjex4xkwcwxpeu4ee5pha5mjquwh23qpjkql2aaky
open
65.73058954 BTC
bc1qd76lyjckc889gkvzr7u6450hl542eun3kqlgkfzzs5y9850mrltqn45e3z
open
65.52287388 BTC
bc1qqjx25uvflnxd0e7vzdf7fke9uwpqdvswl22ewhxtmqmeey4ees8qtv0xj4
open
64.03654278 BTC
bc1qc8sdg7wtzurdee5w9hghvh6fuj9u7q4dm7w9jt9kl5sp60zxt9tscg9uh0
open
61.56009234 BTC
bc1q3mtasrjd7h0jyzfdhx9hyjkegg6tlndc83rgj4yw4annnt8tn2vq9ch9r7
open
61.37867161 BTC
bc1qpljy8x834x3hsk568yyda5cpgzkvxflq9nhgg06euye4fwg9xp9s9z3xdp
open
56.40891045 BTC
bc1qgnhcav7mdn5zgpfn4dra9da0zrwx9g0fu49p7v76zxf7cue66dhskrznq7
open
55.96927216 BTC
bc1qg7rvuf4262l7fdp6y7psce2eqrzgs5zxgrcsjwl5w50p5r33vzms8gyvfu
open
54.60991626 BTC
bc1qpz4lcljxzqfufcepavv8fc07mt9em92cx7wf6qg9qucnqp20uhwqz2tx45
open
52.06121934 BTC
bc1qldpv23fnzv9sd5ehv9urxw7qksqywnt0m23s933t4vy5awpgu32szzuxtw
open
51.64328590 BTC
bc1qqrafpw2jzsgn2unqrdqjmqlr9t0ulydnva752n2trt3g4ut0vaks508a6s
open
49.96480843 BTC
bc1q90ckec2xf3r07tr3scg9qmx29lv5rzqpjfhyczm635l4mcwswzjq0vwvjy
open
49.55525601 BTC
bc1qpwyjgel68pqvh58rdqw8yujk7e5arle6379sdj49asnt2lny87vszdfxzv
open
48.23623080 BTC
bc1qrwwvavxcu34fk2za9rxzvjtxuc2nmck9x68pps67rkhc8w896l3qtj83ys
open
47.77645087 BTC
bc1qqm2w0jnvuwng27mrg6f568q4wqf76h2zl6e2hqx782mvp3v5hweqhh97re
open
45.89176932 BTC
bc1qethyrggp728a64jjzyws70g53mgma9hyk9j3vkfc5028avlhrclqcjd989
open
45.64160813 BTC
bc1q8mj0m449m5vj0qfluelfllp2tm2xuh3ja8745gpcjshrxqkp06fqqmfrrd
open
44.89563282 BTC
bc1q8xl7698n7pff4hsv327egw7wuejqvtemlpkxw0ff2qderzf5rm6q8gep53
open
40.39568700 BTC
bc1qkdneusvv4nyu0ds76jye9lgy5s2wr9rzxvjhu7qu7nv9a6fp0xlslenpz6
open
37.55164602 BTC
bc1qmtql8m5t35zya08nqfucac9a0f92fyzxpdce52csplpg5x5ww7fs7x56vj
open
37.48960103 BTC
bc1qd0ky96y6tpp5pz05vgp02ta6l4p5cjas33wpwr8e6ep9djn096esy06cvv
open
34.80807579 BTC
bc1qv5qvuxjxzj0lqmkpxt9v7aqpv3mn8weqljut2e7u780maglyleys85wwq2
open
33.32170329 BTC
bc1qu3fem89m70e97f8r869hxtm6eqqmxhznfdtfqtkk6xuu050wtcfqez04hz
open
32.94705590 BTC
bc1qtvzwavaat6eheq9z7cuxy7fy7v6l4y2x7k3jj9q9v7wgwuwvxlkqxdgw4s
open
32.57119279 BTC
bc1qd0fehzgpxyepftv2vr9mvsehrqgthg9tzpwfg5q82jpetx4da6gqsj4pz7
open
28.62514782 BTC
bc1qyryy90mhlr5t3rsw6hk34vac7q4jkq8mzulnrvsxjy4q6vn0da5s4m85nl
open
28.00418649 BTC
bc1qnqm0z3vcvchgeaygfnaxhyfdy3a9pcmdxvswzcxp6e5dk7xet2ts2gffj2
open
27.27424816 BTC
bc1qwzzggqdl55xvrtkct7hp06swpuvnwj2m0cw2fskdja3453clz2vq6574d3
open
27.18033921 BTC
bc1qxuhdr9jyrtkd7catv240td2r69w5w88g2pa7gr32rnj5a8y5mrzs7965u3
open
26.60705615 BTC
bc1qdq9vxf82h8x4fu8s5ksgpgej4pv4x9gsx0hwfp92dqsym2m3ezfsv57lxq
open
22.65128085 BTC
bc1qu5766pnxqr8a6v5y6k3x4pj47dlhjydwuthjymkza5slz738vanqznz7f6
open
22.21362003 BTC
bc1qnkmzcnfak8y3yrrkmeazc4tcx8tmgaqjwxkgsk5768m6lpq36feqzxtqpg
open
21.37740867 BTC
bc1qfetwlv6jl30rqc9p6tpjt4ke7frr4amenh0l6d9c6yea0usmhzcshjtyun
open
21.06549662 BTC
bc1qw2w8ylz8uar4nmh9ufe920d5h4d4j5yh6p3p8er2acrcrph2n2sqddhh82
open
19.06876771 BTC
bc1q0p0vhzmhywktdr5vlatvn2tvle4dczqz752j8l5upq0w7kqhyfms2hjktw
open
17.61035019 BTC
bc1qwrzu87a7sat37ezy7nwup2a74s9wzjrfln44rtu6jktjmzpyfkts6rau24
open
16.36255646 BTC
bc1qq3xm3hrvzk0692ze5xa0cuja6dm946x7w3ua7dy2d6k2ysrz67dslhjjya
open
15.79029781 BTC
bc1qs4yxfgw9x4mk6sehmud9y5gnf5wvmdx4taaav0p3xv9phzaupmxsrtr2sn
open
13.74453545 BTC
bc1qwt3j8tmaysmqjeqvh4rv520xt2mu0ejlv44gdsa2g9lfxtqrv6hqjh5yvm
open
13.17264856 BTC
bc1q8az67ng8fewhxzz3wykkxag0pnt2g4t3hpmmkhufuw6x5x79k25qwrmut5
open
10.04808033 BTC
bc1q86m26rsu4hds5zlfcglwan4yq9lddtjhy736j5x53v35zm33vpasdyrdp8
open
9.87109315 BTC
bc1qu5yuht6nuxd5jq5t87dmwj506k5akfvwt0pqkx2uwwgphkhv7nzsudsqpq
open
9.66221119 BTC
bc1q8mrddu0r7xukk4n3r2xduye7vauryul46d0t95fr7c5qan03l39qxm69d9
open
6.93907539 BTC
bc1qjl4wv3ywez584fmxyst3wztz3kcglcdl6w49p3xr07a6uuwuly2sg2j5u7
open
6.32712389 BTC
bc1qwk2g9mf5w0vh8pr0epxfm4th4962gk6kqr8adkq2rym7tc8mxkrq9qfqes
open
4.47096209 BTC
bc1qqghr08aunaw7jde0es3ycmpckanl53u0w0gw90s882ervkgtmjgs3utu2p
open
4.38609391 BTC
bc1q9094h08w2h82fx723kqgqh60s9f2n8lr6c2p6zhfg8uyyw66l24qsycj0t
open
3.95978610 BTC
bc1qxs3t06ptgqsrkt64w5d32kus5uh32me4pztj7zn954nt5ag20dms5ezr9f
open
3.94441143 BTC
bc1q6jhclejhlrpz8squyfd0nj7azlppx9hn68jwe3htkgm4j7qcuerqystkrt
open
2.98080201 BTC
bc1qqqxwlcwz49xf78406kwwgwhefj29qmchk4w3jt0u84m33t8scy8syrs4m5
open
2.35736146 BTC
bc1q8ml0sxkeskaq39390vum9n7w992ludctx4tj0wd8huqkvjgje3uqj0kpwf
open
2.21472598 BTC
bc1qdsquan3kmr6rp5knyv6lnj20jg77qh59fmlnwuy9ffx9kjtrnfsq6n7s68
open
2.06066058 BTC
bc1q38av30qxrks49nl2qf8lgpeqlagx4vk8ps0mkgsfl7s5twlxelhqlpss5c
open
1.95788458 BTC
bc1qz0c0up5sp0k7rz38sd6ptp8l4y70vq8t6p4zw7vczu2aqcp9676q2yvcjh
open
1.74636807 BTC
bc1qgvu0dlc6ecsr8d0tuwflmq56pz4gcm4m4u66s8c86t46w2ahtwmsawpntl
open
1.19025550 BTC
bc1qcfpnttn49xwcc92wnz2fdmlsmap9230tnernej8cswyxp58t38ws4gxg0x
open
0.78750009 BTC
bc1qluhg0l6ldqtaehhhsf3lks8ckcvrjnzwah8x022rnl8tkesn87uqal27u7
open
0.74293102 BTC
bc1qftve8r88ssvm637hpwtqkjflnwhwlsdt3sl84nfm8y7xhzenm99qpsg3s6
open
0.53308605 BTC
3NfFY549H4Yaq2P8vVu2e2XupKaub56jec
open
0.00022100 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.