BTCE is the most traded non-leveraged exchange traded note (ETN) on Deutsche Boerse’s ETN segment since launch
in June, 2020, BTCE was Europe’s first centrally cleared, exchange listed
hits $49m AUM in less than two months
traded volumes have been $67m since launch
and is the most traded non-leveraged ETN on XETRA
has registered the largest AUM growth amongst all Bitcoin ETPs in Europe since
is distributed on the HANetf platform alongside its existing range of
innovative ETFs & ETPs
10th August, 2020
Group and HANetf are pleased to announce that the BTCetc Bitcoin Exchange Traded Crypto (BTCE) has reached $49 million in AUM in less than two months from
BTCE has rapidly become an investor favourite and in July was the most traded
security on the XETRA ETN segment, trading more than $67m across all available
German trading venues.
was the first cryptocurrency product to launch on XETRA and represents a
significant evolution in the way that investors can buy, hold and sell Bitcoin.
is 100% physically backed by Bitcoin and for every unit of BTCE, there is
Bitcoin stored in regulated, institutional-grade custody meaning investors
don’t face the technical challenges of purchasing and storing Bitcoin, such as
setting up a cryptocurrency wallet or trading on unregulated crypto exchanges.
was also the first instrument globally that facilitated Bitcoin or any crypto
being central counterparty cleared,
reducing counterparty risk and creating a safe and transparent way to gain
exposure to the world’s largest crypto currency.
bringing institutional-grade liquidity to Bitcoin investors via a network of
world class Authorised Participants (APs) and Market Makers, BTCE has
effectively centralised previously fragmented Bitcoin liquidity on XETRA,
ensuring deep liquidity and tight spreads. This means that investors can
purchase in all sizes without having to worry about market impact.
Andre Voinea, Director, DACH Region at HANetf, commented: “BTCE has been popular with both
experienced crypto traders who appreciated the additional levels of safety and
security that BTCE provides, as well as attracting an entirely new community of
investors who value its familiar exchange-traded and centrally cleared
calibre of the Authorized Participants that support liquidity in BTCE shows how
Bitcoin has matured to become a significant and serious institutional asset. By
centralizing previously fragmented Bitcoin liquidity on XETRA, we are
bringing a time-tested product structure to a new asset class along with the
same regulatory protections of buying any other listed security.
With many investors concerned about looming inflation,
Bitcoin has risen in popularity and we expect even further growth in BTCE over
the course of 2020.”
Investors can purchase BTCE through
their regular broker or bank with access to XETRA, and individuals or
institutions wanting to exchange their Bitcoin holdings directly for the
product can do so via the network of Authorised Participants of the Issuer. Bitcoin
is a volatile product and each investor should consider the risks
carefully. Past performance is no
guarantee of future performance. As with
all exchange traded products, an investor’s capital is at risk.
ETFs and ETCs on the HANetf white-label platform have grown by 600% YTD,
making HANetf one of the fastest growing ETF issuers in Europe.
||BTCetc Bitcoin Exchange Traded Crypto- (BTCE)
||1 BTCE = 0.001 Bitcoin (less fees)
||100% backed by Bitcoin
||BitGo Trust Company
||Bitcoin or cash
|Total Expense Ratio (MER)
||2.00% per annum
||Duetsche Börse XETRA