ETC Group, a provider of institutional-grade crypto-backed securities, announced on Thursday that it will list BTCetc ETC Group Physical Bitcoin (BTCE) on Cboe Europe.
According to the press release, in addition to being listed for trading on Cboe Europe BV, Cboe’s Amsterdam-based exchange, ETC Group Physical Bitcoin will be cleared through SIX X-clear.
A world-class network of Authorized Participants (APs) and Market Makers support BTCE, both in the cryptocurrency and ETP markets. APs ensure tight spreads and on-exchange liquidity, so traders can purchase in any size without worrying about market impact.
In comparison with direct investment in cryptos, ETC Group’s products offer several benefits. ETCs are traded on regulated markets, so investors can trade them just as they would a conventional share through an online broker platform or bank, with the same regulatory protections. Investors do not need a digital wallet or technical knowledge to access the underlying collateral, which is stored in institutional-grade custody.
“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,” Tim Bevan, the Founder and Co-CEO of ETC Group, commented.
Bitcoin ETPs Listed at SIX Swiss Exchange
In March, Fidelity Exchange Traded Products GmbH listed two new Bitcoin ETPs in US Dollars and Swiss Francs on the SIX Swiss Exchange, the platform confirmed in a press release. With the addition of new Bitcoin ETPs, investors now have the option to access 208 products based on 18 digital currencies.
The latest listing by Fidelity on the SIX Swiss Exchange brought the total number of crypto ETP issuers to 10. Moreover, the number of tradeable crypto ETPs reached 133. SIX Swiss Exchange offers trading in a wide range of digital asset products.
