Home Bitcoin News ETC Group Launches Bitcoin Cash ETP To Satisfy Professional Investor Demand for Digital Asset Products

ETC Group Launches Bitcoin Cash ETP To Satisfy Professional Investor Demand for Digital Asset Products

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  • BCHetc – ETC Group Bodily Bitcoin Money (ticker: BTCH) will be a part of ETC Group’s steady of market main crypto ETPs together with Europe’s most liquid Bitcoin ETP – BTCE1

  • ETC Group’s BCHetc – ETC Group Bodily Bitcoin Money combines the bottom value out there of all Bitcoin Money ETPs2 along with ETC Group’s market main product high quality, safety, security, and regulatory framework

LONDON, September 21, 2021–(BUSINESS WIRE)–ETC Group (www.etc-group.com), the specialist supplier of progressive, digital asset-backed debt securities, proclaims that it’s launching a Bitcoin Money Trade Traded Product (ETP) on Deutsche Börse XETRA, out there for buying and selling from 21 September 2021.

With 1.95% TER, the brand new crypto product, known as BCHetc – ETC Group Bodily Bitcoin Money (ticker: BTCH) goals to be the bottom value Bitcoin Money product out there presently, while benefiting from the prime quality, institutional grade safety and custody, and 100% bodily backed options that match ETC Group’s different ETC securities. Produced in response to sturdy demand from institutional traders, the XETRA itemizing brings BTCH inside notably simple attain of traders in Germany, which now boasts among the most crypto pleasant tax legal guidelines in mainland Europe.

Bitcoin Money (BTCH) started as a fork of the unique cryptocurrency, Bitcoin, and within the intervening years has seen international service provider adoption as a cross-border funds protocol promising low-cost, quick transactions, with all the safety, transparency, and tamper-resistant advantages of a world-leading blockchain. In October 2020 Bitcoin Money, was chosen with solely three different cryptocurrencies to kind the spine of funds companies Venmo and Paypal’s crypto methods, placing Bitcoin Money in attain of thousands and thousands of latest customers within the US and the world over3.

European skilled traders choose to commerce Bitcoin Money by way of an ETP4 and this itemizing on XETRA is very related for European traders as they’ll now get publicity to Bitcoin Money with the liquidity and safety that comes with buying and selling an institutional-grade product on Europe’s largest ETF buying and selling venue5.

As an asset backed debt safety that’s accredited and issued in Germany, traders don’t want to have interaction with the technical challenges of buying and storing digital property themselves by way of crypto exchanges, or the administration of cryptographic keys. Absolutely fungible with Bitcoin Money, the ETP is marketed and distributed throughout Europe by HANetf, alongside ETC Group’s present bodily ETPs based mostly on Bitcoin, Ethereum and Litecoin.

Bradley Duke, CEO of ETC Group mentioned: “Following the profitable launch of our Bitcoin, Ethereum and Litecoin ETCs, which are actually essentially the most traded merchandise of their variety in Europe, we have now seen sturdy demand from traders for a Bitcoin Money product. We anticipate BCHetc – ETC Group Bodily Bitcoin Money to show common with skilled traders who need a cleaner, less complicated and safer solution to achieve publicity to the booming funding universe of digital property.”

Hector McNeil, co-Founder and co-CEO at HANetf, mentioned “ETC Group has established itself as a market chief in providing funding merchandise targeted on crypto property. ETC Group has expanded its presence out there with the itemizing of latest crypto product, BCHetc – ETC Group Bodily Bitcoin Money. ETC Group is constructing merchandise that adhere to the complicated and exacting requirements of the institutional investor and BCHetc – ETC Group Bodily Bitcoin Money will give traders one other safe solution to achieve publicity to crypto merchandise. BTCH follows the massively profitable launches of BTCetc – ETC Group Bodily Bitcoin, ETHetc -ETC Group’s Bodily Ethereum and LTCetc – ETC Group Bodily Litecoin.”

Previous efficiency is not any assure of future efficiency. Cryptocurrencies are extremely risky, and your capital is in danger. Disclaimer: https://bit.ly/etcdisc

– ENDS –

About ETC Group

ETC Group ( www.etc-group.com ) is specialised in creating progressive digital asset-backed securities reminiscent of BTCetc (BTCE) and ETHetc (ZETH) that are presently listed on Deutsche Börse, Euronext, SIX, AQUIS UK and Wiener Börse. ETC Group is backed by quite a few main London-based monetary establishments. Shareholders embrace corporations reminiscent of XTX Ventures, the enterprise capital arm of digital market-making agency XTX Markets. ETC Group’s securities are marketed by HANetf.

About HANetf

HANetf is an impartial supplier of alternate traded funds, working with asset administration corporations to convey differentiated, fashionable and progressive exposures to European ETF traders. By way of our white-label ETF platform, HANetf gives an entire operational, regulatory, distribution and advertising and marketing resolution for asset managers to launch and handle UCITS ETFs and alternate traded merchandise. www.hanetf.com

1 Supply: Bloomberg as of 15.09.2021

2 21Shares Bitcoin Money ETP, 2.50% TER

3https://www.coindesk.com/markets/2021/08/10/venmo-credit-card-holders-can-now-trade-cash-back-for-crypto/ | https://newsroom.paypal-corp.com/2020-10-21-PayPal-Launches-New-Service-Enabling-Users-to-Buy-Hold-and-Sell-Cryptocurrency

4https://www.hanetf.com/article/668/pressemitteilung-neue-umfrage-ergibt-dass-etps-das-bevorzugte-instrument-sind-fr-professionelle-investoren-in-europa-um-in-bitcoin-zu-investieren

5https://www.xetra.com/resource/blob/59130/080ca33ee4e455c7dbda9469bd11724b/data/Exchange-Traded-Funds-ETFs-Xetra_en.pdf

View supply model on businesswire.com: https://www.businesswire.com/news/home/20210921005547/en/

Contacts

Paul Cockerton, Readability PR
etc.group@clarity.pr, +44 797 625 1981


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