ETC Group Launches a Unique Core Bitcoin ETP for Extended Liquidity Needs

Europe’s leading provider of digital asset-backed securities, ETC Group, has announced the launch of its new bitcoin exchange-traded product (ETP) on Deutsche Börse XETRA, tailored specifically for long-term and global institutional investors with ‘unparalleled liquidity’ and risk management needs. 

According to a press release statement by the company, the unique core bitcoin ETP named BTC1 is best-in-class designed for benchmark-focused long-term buy-and-hold investors across the world. 
The new bitcoin ETP complements the existing product available by the company. ETC Group's existing product range includes the most liquid and largest crypto ETP across Europe.

Head of Product at ETC Group, Chanchal Samadder, said the new product, BTC1, is a significant milestone in the evolution of Bitcoin investment products designed with investors in mind. BTC1 provides long-term investors with a unique blend of extended primary market liquidity, accuracy, and cost-efficiency, setting a new standard in the Bitcoin ETP market.
As explained by the Chief Executive Officer of Zodia Custody, Julian Sawyer, it has been breakthrough after breakthrough with fellow ETC Group innovators. BTC1 is exactly what organizations have long wanted as they have increased their adoption of digital assets, and we’re playing our part to ensure they can do so with maximum security and compliance through bank-grade custody. Custody continues to be at the very forefront of building a truly strong ecosystem for a mature digital asset industry.
ETC Group CEO Tim Beva said: His company aims to drive the crypto investment industry forward, and the launch of the newly launched BTC1 represents a unique proposition. 
The company is continuously paving the way as Germany’s first crypto ETP issuer, and it is bringing BTC1 as the first globally oriented Bitcoin ETP to market.
We believe that the ETC Group Core Bitcoin ETP, BTC1, has the potential to uniquely serve institutional investors with the extended liquidity and risk management features that our clients need.

Highlighting some of the key features, BTC1 offers a competitive edge in cost-efficiency with a total expense ratio (TER) of 0.30%, tracks the institutional-grade Bitcoin price benchmark by CF Benchmarks, ensuring accuracy and reliability in tracking Bitcoin's price movements, and allows institutional investors to trade during Hong Kong, London, and New York trading hours.
BTC1, securely kept with Zodia Custody, features a unique Tri-NAV methodology considered the first globally oriented Bitcoin spot ETP. Furthermore, its robust structure introduces an independent administrator, a unique ETP structural attribute first introduced by ETC Group in 2020. 

BTC1 will be available for trade on XETRA and many other platforms for investors. It is issued by ETC Group and distributed by HANetf’s Pan-European ETP distribution.
Some of the recent additions to the ETC Group product line-up include DA20, a broad-market crypto basket ETP, and ET32, the unique total rerun Ethereum staking ETP linked to a transparent staking benchmark.

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