BTCetc Exchange Traded Bitcoin (BTCE) passes $250 million AUM after record trading day as Bitcoin price hits $23,000
surpassed $250 million AUM after launching in June 2020
BTCE had a record
trading day since launch, with $53million in trading volume
BTCE is an exchange
traded product (ETP) on XETRA and closely tracks the price of bitcoin
When trading a Bitcoin ETF or ETP your capital is at risk.
18th December 2020, London
BTCetcBitcoin Exchange Traded Crypto (ticker BTCE), had a record trading day
and surpassed $250million assets under management as Bitcoin hit $23,000
yesterday. BTCE had record trading volume of $53million on 17th
December 2020, an increase of 47% from the previous highest trading day of
$36million last month
and was the highest traded product on Xetra’s ETN segment.
Bradley Duke, CEO of ETC Group
said “Equity and multi-asset investors are scrambling for Bitcoin as the
ultimate long-duration treasury reserve asset in a bid to keep ahead of the
negative real rates threatening corporate and household balance sheets. Developed market investors and corporate CFOs
have now realised that the debasement of currency and consequential erosion of
wealth that emerging market investors have battled for decades has arrived on
the shore s of developing markets.”
With BTCetc Bitcoin ExchangeTraded Crypto (BTCE), our mission is to bring investors a better way to invest
in Bitcoin. BTCE tracks the price of Bitcoin and delivers physical Bitcoin
exposure with the safety and liquidity of an exchange traded product on a
regulated stock exchange. BTCE gives
investors access to Bitcoin on a regulated exchange without the headaches of
needing to find and maintain secure storage for Bitcoin as BTCE securities are
stored safely in the investors brokerage account.”
BTCE tracks the price of Bitcoin
and is 100% physically backed, providing investors with safe and transparent
way to gain exposure to Bitcoin. BTCE
was also the world’s first central counterparty cleared bitcoin ETF or ETP.
It is UCITS eligible and is distributed and
marketed by HANetf.
Bitcoin can be a highly volatile
product. When you trade BitcoinETFs and ETPs your capital is at risk.
Launched in June 2020 and approved
by BaFin, the German financial regulator, BTCE is structured as an exchange
traded product (ETP) that is physically backed by Bitcoin. Each unit of BTCE
gives the holder a claim on a predefined amount of bitcoin - a structure very
similar to physically-backed gold exchange traded commodities, and allows
investors the option for redemption in bitcoin.
For every unit of BTCE, there is bitcoin stored in regulated, insured, institutional-grade
safe custody. The entire ETP structure is based on a transparent and verifiable
process to ensure that the provenance of all bitcoin in custody has been
strictly vetted. BTCE is UCITS eligible.