In brief:
- On Austria’s national stock exchange, the ETC Group will list its entire crypto exchange-traded product (ETP) portfolio.
ETC Group, a London-based financial service, will list its portfolio of crypto exchange-traded products (ETPs) on Austria’s national stock exchange. ETPs will include cryptos like Bitcoin (BTC), Ether (ETH), and Litecoin (LTC).
The Group announced on Wednesday that 3 of its crypto ETPs that are “100% physically backed and central counterparty cleared” will be listed on the Vienna Stock Exchange. The company’s carbon-neutral Bitcoin product, a Litecoin-based product, and an Ether ETP are also among them.
“We are happy to list in Austria and on such a prestigious stock exchange as Wiener Börse,” said Bradley Duke, CEO of ETC Group.
Similar listings have already been made by the ETC Group on stock markets in London, Paris, Amsterdam, Zurich, and Frankfurt. The ETPs are designed to provide crypto investors with the same regulatory safeguards as traditional equities.
The firm clarified that their crypto product is not the same as an exchange-traded fund because it is a single asset instrument. Although, previously they suggested that it was like trading Bitcoin “via an ETP framework.”
Lang & Schwarz will be the market maker on the Vienna Stock Exchange, with crypto goods distributed through ETP provider HANetf.
Also Read: 21 Shares To Launch Bitcoin ETP On Aquis Exchange Later This Month
About ETC:
The ETC Group, which is backed by a number of big London-based financial institutions, specialises in designing innovative digital asset-backed securities. XTX Ventures, the venture capital arm of electronic market-making firm XTX Markets, is one of the company’s shareholders. HANetf is the company that sells ETC Group’s securities.
