ETC Group, one of the leading providers of innovative digital asset-backed securities in Europe, announced today that it is listing crypto exchange-traded products (ETPs) on the Vienna Stock Exchange.
The press release states that the listing will be Vienna’s first listing of a carbon-neutral crypto ETP. The latest listing of crypto ETPs of ETC Group follows the listings in London (Aquis), Paris (Euronext), Amsterdam (Euronext), Zurich (SIX) and Frankfurt (Xetra).
In January 2021, ETC Group joined SIX as a new ETP issuer with the listing of a Bitcoin ETP. The Group has expanded its services significantly since the start of 2021 amid a jump in demand for crypto-related products.
Commenting on the latest announcement, Bradley Duke, CEO of ETC Group, said: “We are delighted to list in Austria and on such a respected stock exchange as Wiener Börse. ETC Group provides exposure to bitcoin, ether and Litecoin through our 100% physically backed cryptocurrency ETPs. Bringing our entire portfolio to the Vienna Stock Exchange continues ETC Group’s leadership of the crypto ETP market by launching innovative digital asset classes for institutional and retail investors across European and global exchanges.”
Crypto Trading Products
The overall market cap of digital currencies jumped from $750 billion on 1 January 2021 to as high as $2.5 trillion on 12 May 2021. Despite the recent dip in June and July, the crypto market cap is still up by approximately 150% since the start of 2021. Due to the surge in crypto prices, the demand for crypto trading products has increased sharply. In addition to the retail interest, institutional crypto trading volumes jumped substantially in 2021. Moreover, Cryptocurrency ETPs are getting popular among traders.
“ETC Group’s institutional-grade crypto exchange-traded products provide institutions as well as private investors the opportunity to add major Cryptocurrencies to their portfolios while seamlessly trading on regulated markets through their conventional broker or bank. The cryptocurrencies are 100% physically backed and central counterparty cleared,” ETC Group mentioned in the announcement.
