Yesterday, the ETC group announced the launch of BTC1, a global ETP on Bitcoin (BTC) listed on Deutsche Börse XETRA.
This is a new ETP on Bitcoin designed for long-term investors focused on the benchmark.
The new ETP on Bitcoin (BTC) listed on Deutsche Börse
The ETC Group Core Bitcoin ETP (ticker BTC1; ISIN DE000A4AER62) is an Exchange-Traded Product specifically designed for long-term buy-and-hold investors, and for global institutional investors with extensive liquidity and risk management needs.
The ETC group has already launched several similar tools in the past, managing now an AUM of over one and a half billion dollars.
BTC1 has a Total Expense Ratio (TER) of 0.30%, thus offering a competitive advantage in terms of cost efficiency in the European market. Focused on the benchmark, it tracks the benchmark of institutional-level Bitcoin prices using CF Benchmarks, ensuring accuracy and reliability in tracking BTC price…
