ETC Group, a specialist provider of digital asset-backed securities, is to list its physically backed ether and litecoin cryptocurrency ETCs on the Swiss Stock Exchange SIX on 25 May 2021.
The listing of ETHetc — ETC Group’s Physical Ethereum ETC (Ticker: ZETH) and LTCetc — ETC Group´s Physical Litecoin ETC (Ticker: ELTC) in USD, CHF and GBP, follows the huge success of ETC Group’s first bitcoin based product – BTCetc – ETC Group Physical Bitcoin ETC, which was listed on SIX in January 2021. All three products are also listed on XETRA, are issued by ETC Group and distributed by HANetf. The products are currently available on Six Swiss Exchange for professional investors only. Cryptocurrencies are highly volatile and your capital is at risk.
ETC Group is one of the leading providers of crypto ETCs within Europe and since launch has seen its assets under management grow to over USD1 billion in just seven months. BTCE was the top exchange traded product (ETC) performer for inflows, daily turnover and spreads among eight Bitcoin ETCs in Q1 in Europe.
The ether and litecoin ETCs were listed on XETRA in February and April 2021 respectively. ETC Group Physical Ethereum ETC (ticker: ZETH) has surpassed USD100 million assets under management (AuM), since listing on Deutsche Börse’s XETRA platform on Tuesday 9th March 2021.
This growing range clearly shows the intent of ETC Group to be the leading crypto ETC provider in Europe.
Bradley Duke, CEO of ETC Group, says: “Since we launched our BTCetc Bitcoin Exchange Traded Crypto (BTCE) earlier this year on SIX, one of the world’s most advanced and crypto friendly stock exchanges, we’ve seen a very positive response from investors. Now, by giving access via SIX Swiss Exchange access to our Ethereum and Litecoin products, will further establish ETC Group’s leadership position in crypto based ETCs in Europe.”
The cryptocurrency ETCs provide investors with several benefits over investing directly in the cryptocurrencies they track. Traded on regulated markets, investors can buy and sell the ETCs in the same way they would when trading conventional shares. The cryptocurrencies will be 100 per cent physically backed.