The first exchange-traded crypto product will be listed on XETRA

The first exchange-traded crypto product will be listed on XETRA

The London-based ETC Group plans to offer the first exchange-traded crypto product on the German stock exchange

XETRA – the exchange-traded cryptocurrency (ETC) has already received BaFin’s approval and is expected to be listed later this month. Bitcoin Exchange Traded Crypto (BTCE), an exchange traded cryptocurrency that tracks Bitcoin’s price, is to be listed on the XETRA trading platform in June. As HANetf announced in a press release, BTCE has already been approved by “BaFin and is structured as an ETC that is physically deposited with Bitcoin”.

Bitcoin in the regulated financial markets

ETC Group CEO Bradley Duke is pleased with the progress: “BTCE brings the transparency and investor protection that regulators and institutional investors need to the Bitcoin world. The crypto sector has been held back due to concerns about complexity, accessibility and governance. With BTCE we bring Bitcoin to the world of regulated financial markets. Investors get the benefits of trading and owning Bitcoin through a regulated security, while at the same time having the option to redeem their shares for Bitcoin if they so wish. Listing the first exchange-traded cryptocurrency “We’re also very excited to be working with HANetf to support the democratization of crypto investments through educational education,” said HANetf Duke in his press release.

Article Produced By
Bitcoin News

TheBitcoinNews.com – Bitcoin News source since 2012.. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. TheBitcoinNews.com holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest.Everything on this website can be seen as Advertisment and most comes from Press Releases, TheBitcoinNews.com is is not responsible for any of the content of or from external sites and feeds. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites.

https://thebitcoinnews.com/the-first-exchange-traded-crypto-product-will-be-listed-on-xetra/

TP

Leave a Reply

Your email address will not be published. Required fields are marked *

three × 1 =