ETC Group Launches Bitcoin Cash ETP to Meet Demand from Professional Investors in Digital Asset Products
BCHetc – ETC Group Physical Bitcoin Cash (ticker: BTCH) to join ETC Group’s market-leading crypto ETP stable, including Europe’s most liquid Bitcoin ETP – BTCE1
ETC Group BCHetc – ETC Group Physical Bitcoin Cash combines lowest cost available of all Bitcoin Cash ETPs2 in collaboration with ETC Group market leader in product quality, safety, security and regulatory framework
LONDON, September 21, 2021– (BUSINESS WIRE) – ETC Group (www.etc-group.com), the specialist provider of innovative digital asset-backed debt securities, announces the launch of a Bitcoin Cash Exchange Traded (ETP) product on Deutsche BÃ¶rse XETRA, available for trading from September 21, 2021.
With 1.95% TER, the new crypto product, called BCHetc – ETC Group Physical Bitcoin Cash (ticker: BTCH) aims to be the cheapest Bitcoin Cash product currently available, while enjoying the security and custody of high quality, institutional grade, and 100% physically backed features that match ETC Group’s other ETC titles. Produced in response to strong demand from institutional investors, the XETRA listing puts BTCH within particularly easy reach of investors in Germany, which now has some of the most crypto-friendly tax laws in continental Europe.
Bitcoin Cash (BTCH) started out as a fork of the original cryptocurrency, Bitcoin, and in the years since, saw the global adoption of merchants as a cross-border payment protocol promising fast and smooth transactions. market, with all security, transparency and inviolability. advantages of a leading blockchain. In October 2020, Bitcoin Cash was chosen along with just three other cryptocurrencies to form the backbone of Venmo payment services and Paypal’s crypto strategies, bringing Bitcoin Cash within reach of millions of new users in the United States and in the world.3.
European professional investors prefer to trade Bitcoin Cash via an ETP4 and this listing on XETRA is particularly relevant for European investors as they can now gain exposure to Bitcoin Cash with the liquidity and security that comes with trading an institutional grade product on the largest trading platform in ETF from Europe.5.
As an asset-backed debt instrument approved and issued in Germany, investors do not need to face the technical challenges of buying and storing digital assets themselves through crypto exchanges or management. cryptographic keys. Fully fungible with Bitcoin Cash, ETP is marketed and distributed across Europe by HANetf, alongside ETC Group’s existing physical ETPs based on Bitcoin, Ethereum and Litecoin.
Bradley Duke, CEO of ETC Group, said: âFollowing the successful launch of our Bitcoin, Ethereum and Litecoin ETCs, which are now the most traded products of their kind in Europe, we have seen strong investor demand for a Bitcoin Cash product. We are waiting for BCHetc – ETC Group Physical Bitcoin Cash to prove popular with professional investors who want a cleaner, simpler and safer way to gain exposure to the burgeoning investment universe of digital assets. “
Hector McNeil, co-founder and co-CEO of HANetf, said âETC Group has established itself as a market leader in offering investment products focused on crypto assets. ETC Group has expanded its presence in the market with the listing of a new crypto product, BCHetc – ETC Group Physical Bitcoin Cash. ETC Group builds products that adhere to complex and demanding institutional investor standards and BCHetc – ETC Group Physical Bitcoin Cash will offer investors another secure way to access crypto products. BTCH follows the extremely successful launches of BTCetc – ETC Group Physical Bitcoin, ETHetc -ETC Physical Ethereum of the group and LTCetc – Physical Litecoin of the ETC group. “
Past performance is no guarantee of future performance. Cryptocurrencies are very volatile and your capital is at risk. Disclaimer: https://bit.ly/etcdisc
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About ETC Group
ETC Group ( www.etc-group.com ) specializes in the development of innovative digital asset-backed securities such as BTCetc (BTCE) and ETHetc (ZETH) which are currently listed on Deutsche BÃ¶rse, Euronext, SIX, AQUIS UK and Wiener BÃ¶rse. ETC Group is backed by a number of major financial institutions based in London. Shareholders include companies such as XTX Ventures, the venture capital arm of electronic market-making firm XTX Markets. ETC Group shares are marketed by HANetf.
HANetf is an independent provider of exchange-traded funds, working with asset management companies to provide differentiated, modern and innovative exposures to European ETF investors. Via our white label ETF platform, HANetf provides a comprehensive operational, regulatory, distribution and marketing solution for asset managers to launch and manage UCITS ETFs and exchange traded products. www.hanetf.com
1 Source: Bloomberg as of 09.15.2021
2 21Shares Bitcoin Cash 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
See the source version on businesswire.com: https://www.businesswire.com/news/home/20210921005547/en/
Paul Cockerton, RP Clarity
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