ETC Group launches BTCetc on Cboe Europe
ETC Group has its digital asset-backed securities listed on European exchanges including XETRA, Euronext, SIX, AQUIS UK and Wiener Börse.
Digital asset-backed securities provider ETC Group announced it will list its physically-backed BTCetc ETC Group Physical Bitcoin (ticker BTCE) on Cboe Europe.
Trading on regulated markets, investors can buy and sell the BTCE in the same way they would when trading conventional shares through their online broker platform or bank and with identical regulatory protections in place.
The underlying collateral is securely stored in institutional-grade custody, and investors do not require a digital wallet or related technical knowledge, the firm stated.
BTCE available on Cboe Europe VB, cleared by SIX
BTCE, supported by a network of authorized participants and market makers, will be available for trading on Cboe’s Amsterdam-based exchange, Cboe Europe BV, and trading will take place in Europes, with clearing carried out by SIX x-clear.
Participants ensure on-exchange liquidity and tight spreads, enabling traders to purchase in all sizes without having to worry about market impact.
Tim Bevan, Founder and co-CEO of ETC Group, said: “As a flagship product, bringing BTCE to Cboe Europe is a logical step as demand for exposure to crypto recovers worldwide. The BTCE listing on Cboe Europe further establishes ETC Group’s leadership position in European domiciled cryptocurrency-backed securities.”
ETC has digital asset-backed securities listed on other exchanges
ETC Group has its digital asset-backed securities listed on European exchanges including XETRA, Euronext, SIX, AQUIS UK and Wiener Börse.
ETC Group launched a centrally cleared Bitcoin exchange traded product (ETP) in June 2020 on Deutsche Börse XETRA and continues to build on its crypto backed ETP suite to offer exposure to Bitcoin, Ethereum, Cardano, Solana, and other popular digital assets on major European stock exchanges.
The firm has recently introduced its XRPetc – ETC Group physical XRP under the primary ticker GXRP. The new vehicle aims to be a low-cost product providing regulated access to XRP token, whilst benefiting from the high quality, institutional grade security and custody, and 100% physically backed features that match ETC Group’s other ETC securities.
The ETC (exchange traded commodity/cryptocurrency) is now available to investors across 16 EU countries through a listing on Deutsche Börse XETRA, Europe’s largest ETF trading venue. XRPetc aims to physically replicate the performance of ripple (XRP) with each unit of the ETF backed by actual coins, providing pure exposure to the underlying digital asset.
