ETC Group to list ZETH and ELTC ETCs on SIX Swiss Stock Exchange
Group, the specialist provider of innovative, digital asset-backed securities,
has announced that it will list its physically backed Ethereum and Litecoin
cryptocurrency ETCs on the Swiss Stock Exchange SIX on May 25th
The listing of ETHetc -ETC Group’s Physical
Ethereum ETC (Ticker: ZETH) and LTCetc -
ETC Group´s Physical Litecoin ETC (Ticker: ELTC) in USD, CHF and GBP, follows the huge success of
ETC Group’s first Bitcoin based product - BTCetc – ETC Group Physical Bitcoin ETC,
which was listed on SIX in January 2021. All three products are also listed on
XETRA, are issued by ETC Group and distributed by HANetf. The products are
currently available on Six Swiss Exchange for professional investors only. Cryptocurrencies
are highly volatile and your capital is at risk.
Group is one of the leading providers of crypto ETCs within Europe and since
launch has seen its assets under management grow to over $1 billion in just
BTCE was the top exchange traded product (ETC)
performer for inflows, daily turnover and spreads among eight Bitcoin ETCs in
Q1 in Europe.
The Ethereum and Litecoin ETCs were
listed on XETRA in February and April 2021 respectively. ETC Group Physical Ethereum ETC (ticker: ZETH) has surpassed USD $100
under management (AuM), since listing on Deutsche Börse’s XETRA platform on
Tuesday 9th March 2021.
This growing range clearly shows the intent of ETC Group to be the
leading crypto ETC provider in Europe.
Bradley Duke, CEO of ETC Group said:
“Since we launched our
BTCetc Bitcoin Exchange Traded Crypto (BTCE) earlier this year on SIX, one of
the world’s most advanced and crypto friendly stock exchanges, we’ve seen a
very positive response from investors. Now, by giving access via SIX Swiss
Exchange access to our Ethereum and Litecoin products, will further establish
ETC Group’s leadership position in crypto based ETCs in Europe.”
cryptocurrency ETCs provide
investors with several benefits over investing directly in the cryptocurrencies
they track. Traded on regulated markets, investors can buy and sell the ETCs in
the same way they would when trading conventional shares. The cryptocurrencies
will be 100% physically backed.