ETC Group today announced the launch of Bitcoin Cash exchange-traded product (ETP) to meet the growing demand from professional investors. The provider of innovative financial products has introduced the Bitcoin Cash ETP on Deutsche Börse XETRA.
According to an official press release shared by the company, ETC Group launched the product after strong demand from institutional investors in Europe. The company highlighted that the recent listing on Deutsche Börse XETRA will facilitate German investors.
Bitcoin Cash is one of the largest digital currencies in the world. BCH now has a market cap of nearly $10 billion. In terms of the price jump, Bitcoin Cash is up by more than 50% since the start of 2021.
“Following the successful launch of our Bitcoin, Ethereum, and Litecoin ETCs, which are now the most traded products of their kind in Europe, we have seen strong demand from investors for a Bitcoin Cash product. We expect BCHetc – ETC Group Physical Bitcoin Cash to prove popular with professional investors who want a cleaner, simpler, and more secure way to gain exposure to the booming investment universe of digital assets,” Bradley Duke, CEO of ETC Group, commented.
In January 2021, ETC Group joined SIX to list a Bitcoin exchange-traded product (ETP). The company expanded its services significantly in August 2021 and announced the listing of its entire portfolio of crypto exchange-traded products on Austria’s national stock market.
Commenting on the recent expansion of ETC Group’s services, Hector McNeil, co-Founder and co-CEO at HANetf, said: “ETC Group has established itself as a market leader in offering investment products focused on crypto assets. ETC Group has expanded its presence in the market with the listing of a new crypto product, BCHetc – ETC Group Physical Bitcoin Cash. ETC Group is building products that adhere to the complex and exacting standards of the institutional investor and BCHetc – ETC Group Physical Bitcoin Cash will give investors another secure way to gain exposure to crypto products.”
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