London-based monetary providers agency ETC Group will listing its complete portfolio of crypto exchange-traded merchandise providing publicity to B
London-based monetary providers agency ETC Group will listing its complete portfolio of crypto exchange-traded merchandise providing publicity to Bitcoin, Ether, and Litecoin on Austria’s nationwide inventory market.
In a Wednesday announcement, the ETC Group mentioned the Wiener Börse, or Vienna Inventory Trade, could be itemizing three of its crypto exchange-traded merchandise, or ETPs, which are “100% bodily backed and central counterparty cleared.” These embody the agency’s carbon impartial Bitcoin (BTC) product, a Litecoin (LTC)-based product, and its Ether (ETH) ETP.
The ETC Group has already made related listings on inventory exchanges in London, Paris, Amsterdam, Zurich, and Frankfurt. The ETPs are geared toward permitting buyers publicity to crypto with the regulatory protections afforded to conventional shares. Beforehand stating that its crypto product was like buying and selling Bitcoin “via an ETP construction,” the agency mentioned its choices should not the identical as an exchange-traded fund, as they’re single asset devices.
The Market Maker on the Vienna Inventory Trade might be Lang & Schwarz, with the crypto merchandise distributed by ETP supplier HANetf. Regardless of the identify, the ETC Group has no connection to the cryptocurrency Ethereum Basic.
Associated: Common Bitcoin ETP set to debut in UK
Whereas companies together with the ETC Group have been rolling crypto ETPs throughout Europe this 12 months, exchange-traded funds in america are nonetheless in a sort of regulatory purgatory because the Securities and Trade Fee has but to approve any functions. VanEck, Valkyrie Digital Property, Constancy Investments, and others have submitted paperwork with the regulatory physique to use for crypto ETFs, however the SEC has all the time delayed its determination or as an alternative opened the appliance to public feedback.