ETC - Exchange Traded Crypto

ETC
Exchange Traded
Cryptocurrency

Innovative Cryptocurrency ETPs for modern Portfolios

Seamless access on XETRA and other major Stock Exchanges via your conventional Broker or Bank

Our ETPs are securities that trade like equities on regulated exchanges. By listing on regulated markets, all products have been designed with these key principles in mind:

  • Transparency in structure and pricing
  • Safety in terms of custody and investor protection
  • Integrity in that all market participants are fully regulated institutions
News & Updates
Cryptocurrency ETPs

Crypto without the Cryptic

Investments in crypto through your regulated broker or bank.

BTCetc®

Bitcoin Exchange Traded Crypto Ticker: BTCE | Tracks the price of Bitcoin
Listing date 18.06.2020
Exchange Deutsche Börse XETRA
ISIN DE000A27Z304
TER 2% p.a.
Bloomberg BTCE:GR
SEDOL BMWSLR9
Subscription in a Regulated Environment

Cryptocurrency can be converted to ETC products (and vice versa) through Authorised Participants using creation/redemption mechanisms. These APs are regulated financial institutions within the EEA & UK appointed by the Issuer.

Highly Secured Collateral

At all times, the Issuer holds cryptocurrency in secure institutional and regulated custody to back the issued instruments. Thanks to the entire structure's strict KYC/AML standards, it is ensured that the provenance of all crypto that makes it into custody has been vetted.

Trading on Regulated Exchange

Buying and selling ETC products on exchange takes place through your regular brokerage account in the same way you would buy or sell shares of Google or Deutsche Telekom.

ETC products are available through any broker or bank with access to Deutsche Börse XETRA.

About BTCetc  (BTCE)

BTCetc  is the world’s first centrally-cleared Bitcoin ETP, and is listed on Germany's largest stock exchange, Deutsche Börse XETRA. The BTCetc  Prospectus was approved by the German Federal Financial Supervisory Authority (BaFin).

Description

BTCetc  (Bloomberg Ticker: BTCE:GR) enables investors to gain exposure to Bitcoin, without the need for the investor to understand Blockchain technology and wallets.

Because BTCetc  is a security, it can be used in the same way that stocks and bonds are used within your brokerage account - not only as collateral, but also for yield enhancement via transactions such as stock loan and repo.

Custody

The Issuer keeps Bitcoin backing the product at a reputable, safe, regulated and insured depositary, namely BitGo Trust Company, Inc. It is virtually impossible to store Bitcoin in any safer way than how it is done by BitGo.

More documents & languages
Product details AS OF 07:13AM 06/30/2020
Cryptocurrency Entitlement (Bitcoin per unit of BTCE) * 0.XXXXXXXX
Bitcoin Price (USD) * 9239,05
Price per BTCE (NAV; USD) * $9,07
Total Holdings (AUM in Bitcoin) 314,312
Values of AUM (USD) $2.860.816,44
Shares outstanding 315.457

* Important Note: Values might be outdated the moment you are viewing this website. For accurate pricing information on Bitcoin or price of the securities please refer to other official sources.

Current Performanse
Product
Name BTCetc  (Bitcoin Exchange Traded Cryptocurrency)
Asset Class Cryptocurrency
Type Exchange Traded Cryptocurrency (ETC)
Underlying Asset Bitcoin (BTC)
Physical (Bitcoin) settlement Yes (both creations & redemptions)
Cash settlement currency USD (redemptions only, and only for investors unable to receive Bitcoin)
Leverage 1:1 (no leverage)
Minimum Investment 1 unit of security
Annual Management Fee 2.00%
Expiry Date No fixed maturity date (open-ended)
Listing & Codes
Exchange Deutsche Börse XETRA
Country Germany
Trading Currency EUR
Ticker BTCE
ISIN DE000A27Z304
WKN A27Z30
Bloomberg Ticker BTCE:GR
SEDOL BMWSLR9
Structure
Domicile Germany
Replication Method Physically backed by actual holdings of Bitcoin in with the Depositary
Depositary Wallet 35pgGeez3ou6ofrpjt8T7bvC9t6RrUK4p6
Legal Structure Debt security (bond) representing a claim on the Issuer for a pre-defined amount of Bitcoin
Listing Date 18.06.2020
Legal & Tax
UCITS eligible Yes
Registered for Sale DE, UK, IT, AT, NL, IE, LU, SE, NO, DK, FI, ES
Key service providers & regulators
Issuer ETC Issuance GmbH
Auditor Ernst & Young Luxembourg
Security Trustee Apex Corporate Trust Services (UK) Limited
Administrator Apex Corporate & Advisory Services Ltd
Bitcoin Depositary BitGo Trust Company
Clearing House Clearstream Banking AG
Market Makers XTX Markets, FlowTraders, Jane Street
Prospectus approved by German FCA – BaFin
SECONDARY MARKET Purchase BTCetc  for EUR on Exchange

BTCetc  can be purchased on Deutsche Börse (XETRA), the 3rd largest stock exchange in Europe in terms of both market capitalization and monthly trading volume.

Virtually every broker in the world should have the ability to buy products traded on XETRA for its clients. Trading is constantly monitored by sophisticated software to detect and prevent market abuse.

PRIMARY MARKET
Purchase BTCetc  for Bitcoin through Authorised Participants

Investors wishing to purchase units of BTCetc  in exchange for Bitcoin or cash (instead of purchasing it on regulated exchange) can do so via an Authorised Participant (AP).

APs are licensed and regulated financial intermediaries, and as such are under very strict anti-money-laundering obligations, they will reject any subscription requests where tainted Bitcoin is intended to be used.

HOW IT WORKS – PRIMARY VS SECONDARY MARKET
Investors can trade BTCetc  on the regulated stock exchange or subscribe to the securities directly with an AP against Bitcoin or cash. Your units of BTCetc  are securely held on your regular brokerage or bank deposit account, and can be sold anytime on exchange or redeemed with an AP. Bitcoin backing the product, and any Bitcoin that has been exchanged against BTCetc  through the creation (subscription) mechanism with the issuer by or through an AP are transferred and securely held in institutional-grade safe custody by BitGo Trust Company. BitGo Trust is a regulated crypto custodian purpose-built for safekeeping digital assets. Learn more Furthermore, investors have the option to redeem their units of BTCetc  directly with the issuer.* *Certain terms and conditions apply

Listed on

 Xetra logo

Listed on Regulated Exchanges

Simple. Safe. Securitized.

listed on

Xetra logo

Exchange Traded

Being able to trade crypto now on a major regulated exchange with ETC products brings ease and confidence to both the retail and institutional investor.

Liquid

Some of the biggest names in liquidity provision work behind the scenes to ensure ample size and tight spreads. This means that ETC products closely track the underlying assets.

Centrally Cleared

The benefits of trading centrally cleared instruments are essential for scale and efficiency and are rare in the world of crypto exchange traded products.

Fully Fungible & Secured

Holdings of cryptocurrency are pledged as a security for the benefit of investors, and security interest is held by a reputable trustee. Units of ETC products can be redeemed for cryptocurrency.*

*Certain terms and conditions apply
Custody & Safekeeping

IInstitutional-Grade Safe-Custody

ETC partners with the leading Provider of Digital Asset Safekeeping

BitGo Trust pioneered multi-signature security in 2013 and, since then has become an industry standard in delivering institutional grade security solutions for digital assets.

Regulated

Being the first qualified custodian purposebuilt for holding digital assets, BitGo Trust Company is an independent trust company regulated by the South Dakota Division of Banking.

Multi-Signature Security

Digital asset funds are stored using a multi-signature address and can only be accessed by two or more keys, which are held by separate entities. This creates additional layers of security for clients' funds.

Certified

Bitgo Trust is SOC 2 Type 1 & 2 certified, an auditing procedure developed by the American Institute of CPAs, ensuring the trust service principles security, availability, processing integrity, confidentiality and privacy are met.

Cold Wallets

By using so-called cold storage, the digital wallets are stored on a platform that is not connected to the internet. This protects the wallets from hacks, unauthorized access, and any other vulnerabilities.

Insured

BitGo's $100 million digital asset wallet custody insurance policy protects against third-party hacks, theft or dishonest acts by BitGo employees or executives as well as loss of keys.

Institutional-grade policy controls

BitGo enables clients to set up their own policy controls, such as transaction and velocity limits, multiple approvers and whitelisting of approved addresses.

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