ETC Group at the moment introduced the launch of Bitcoin Money exchange-traded product (ETP) to satisfy the rising demand from skilled traders. The supplier of modern monetary merchandise has launched the Bitcoin Money ETP on Deutsche Börse XETRA.
In keeping with an official press launch shared by the corporate, ETC Group launched the product after robust demand from institutional traders in Europe. The corporate highlighted that the current itemizing on Deutsche Börse XETRA will facilitate German traders.
Bitcoin Money is among the largest digital currencies on this planet. BCH now has a market cap of practically $10 billion. When it comes to the worth bounce, Bitcoin Money is up by greater than 50% for the reason that begin of 2021.
“Following the profitable launch of our Bitcoin, Ethereum, and Litecoin ETCs, which at the moment are probably the most traded merchandise of their sort in Europe, we now have seen robust demand from traders for a Bitcoin Money product. We count on BCHetc – ETC Group Bodily Bitcoin Money to show common with skilled traders who need a cleaner, less complicated, and safer strategy to acquire publicity to the booming funding universe of digital property,” Bradley Duke, CEO of ETC Group, commented.
In January 2021, ETC Group joined SIX to checklist a Bitcoin exchange-traded product (ETP). The corporate expanded its providers considerably in August 2021 and introduced the itemizing of its complete portfolio of crypto exchange-traded merchandise on Austria’s nationwide inventory market.
Commenting on the current growth of ETC Group’s providers, Hector McNeil, co-Founder and co-CEO at HANetf, stated: “ETC Group has established itself as a market chief in providing funding merchandise centered on crypto property. ETC Group has expanded its presence out there with the itemizing of a brand new crypto product, BCHetc – ETC Group Bodily Bitcoin Money. ETC Group is constructing merchandise that adhere to the advanced and exacting requirements of the institutional investor and BCHetc – ETC Group Bodily Bitcoin Money will give traders one other safe strategy to acquire publicity to crypto merchandise.”