Europe overtakes Canada to hold the world\u2019s largest and most traded physical single asset cryptocurrency ETP<\/strong><\/p>\nETC Group\u2019s Bitcoin ETC surpasses US$1.3 Billion AUM as the total European market for comparable crypto exchange traded products exceeds $4 billion<\/p>\n
This leadership position in the rapidly growing digital asset security market comes only 16 months after the launch of ETC Group\u2019s first product, BTCetc – ETC Group Physical Bitcoin (BTCE), on Deutsche B\u00f6rse\u2019s Xetra exchange. Research released this month by CryptoCompare also shows that BTCE is the most traded listed crypto ETP with average daily trading volumes of US$26.3 million, more than seven times its nearest competitor.<\/strong><\/p>\nETC Group has pioneered the digital asset management industry by providing institutional quality, 100% physically backed, high liquidity digital asset backed securities. With a Germany domiciled issuer, its Bitcoin product BTCE was the first crypto product to be centrally cleared when it listed on XETRA. ETC Group was also the first company to make its leading Bitcoin ETC carbon neutral, and the first issuer to list a Crypto ETP on a UK stock exchange. Recently, BTCE became the underlying product of Europe\u2019s first Futures contracts announced by Eurex, Europe\u2019s largest derivatives exchange.<\/p>\n
Bradley Duke, CEO of ETC Group<\/strong> said: \u201cETC Group\u2019s leadership position is testament to the focus we have on delivering the highest quality crypto exchange traded products, and ensuring that we partner with the industry\u2019s leading market makers, custodians, and exchanges to provide both retail and institutional investors highly liquid, transparent, regulated and secure exposure to the world\u2019s leading cryptocurrencies. We\u2019re delighted to be leading the charge for Europe, whose regulatory regime, multiple exchanges across different countries, and investor awareness has put it at the forefront of exchange traded cryptocurrency investment.\u201d<\/p>\nETC Group now lists Bitcoin, Ethereum, Litecoin and Bitcoin Cash ETCs across multiple exchanges in Europe, and is planning to expand its suite of products to meet investor demand for digital asset-backed investments on Europe\u2019s financial markets. <\/strong><\/p>\nSource : ETFWorld.co.uk<\/p>\n","protected":false},"excerpt":{"rendered":"
ETC Group announces that its total Assets Under Management (AUM) has reached US$1.5 billion, with its Bitcoin exchange traded product (BTCE) now the world\u2019s largest physically backed single cryptocurrency ETP with over US$1.3 billion AUM.<\/p>\n","protected":false},"author":4,"featured_media":21718,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"telegram_tosend":false,"telegram_tosend_message":"","telegram_tosend_target":0,"footnotes":"","_wpscp_schedule_draft_date":"","_wpscp_schedule_republish_date":"","_wpscppro_advance_schedule":false,"_wpscppro_advance_schedule_date":"","_wpscppro_dont_share_socialmedia":false,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[12],"tags":[103,386,401],"class_list":["post-23438","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-etf-analysis","tag-etc","tag-global-palladium-fund","tag-gpf"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"_links":{"self":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/23438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/comments?post=23438"}],"version-history":[{"count":2,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/23438\/revisions"}],"predecessor-version":[{"id":23448,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/23438\/revisions\/23448"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/media\/21718"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/media?parent=23438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/categories?post=23438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/tags?post=23438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}