Vienna Stock Exchange will list crypto ETPs from ETC Group

Published at: Aug. 18, 2021

London-based financial services firm ETC Group will list its entire portfolio of crypto exchange-traded products (ETPs) offering exposure to Bitcoin (BTC), Ether (ETH) and Litecoin (LTC) on Austria’s national stock market.

In a Wednesday announcement, the ETC Group said the Wiener Börse, or Vienna Stock Exchange, would be listing three of its crypto exchange-traded products that are “100% physically backed and central counterparty cleared.” These include the firm’s carbon-neutral Bitcoin product, a Litecoin-based product and its Ether ETP.

The ETC Group has already made similar listings on stock exchanges in London, Paris, Amsterdam, Zurich and Frankfurt. The ETPs are aimed at allowing investors exposure to crypto with the regulatory protections afforded to traditional stocks. Previously stating that its crypto product was like trading Bitcoin “through an ETP structure,” the firm said its offerings are not the same as an exchange-traded fund, as they’re single asset instruments.

The Market Maker on the Vienna Stock Exchange will be Lang & Schwarz, with the crypto products distributed by ETP provider HANetf. Despite the name, the ETC Group has no connection to the cryptocurrency Ethereum Classic.

Related: Popular Bitcoin ETP set to debut in UK

While firms including the ETC Group have been rolling crypto ETPs across Europe this year, exchange-traded funds in the United States are still in a type of regulatory purgatory as the Securities and Exchange Commission (SEC) has yet to approve any applications. VanEck, Valkyrie Digital Assets, Fidelity Investments and others have submitted paperwork with the regulatory body to apply for crypto ETFs, but the SEC has always delayed its decision or instead opened the application to public comments.

Tags
Etf
Related Posts
ETF provider WisdomTree launches Solana, Cardano, Polkadot ETPs
The American exchange-traded fund (ETF) provider WisdomTree continues expanding its cryptocurrency products in Europe by launching three new crypto exchange-traded products (ETP) backed by Solana (SOL), Cardano (ADA) and Polkadot (DOT). WisdomTree announced Tuesday the launch of three new physically-backed crypto ETPs, including WisdomTree Solana (SOLW), WisdomTree Cardano (ADAW) and WisdomTree Polkadot (DOTW). The ETPs are already listed on major European digital exchanges like Deutsche Boerse’s Xetra, the Swiss SIX exchange and the Swiss Stock Exchange. The pan-European exchange Euronext is expected to list the crypto ETPs in Amsterdam and Paris on Thursday, the announcement notes. The ETPs are designed …
Etf / March 29, 2022
Two more spot crypto ETFs launch on Australian markets
A further two cryptocurrency-backed exchange-traded funds (ETF) have launched on the Cboe Australia exchange on Monday, bringing the total amount of crypto ETFs available to Australian traders to six. The Canada-based 3iQ Digital Asset Management launched two spot ETFs, the 3iQ CoinShares Bitcoin (BTC) Feeder ETF and the 3iQ CoinShares Ether (ETH) Feeder ETF. Both of the Australian funds feed from the firm’s Canadian ETFs listed on the Toronto Stock Exchange (TSX), the 3iQ CoinShares Bitcoin ETF, and the 3iQ CoinShares Ether ETF. The underlying assets of the Canadian ETFs are holdings of BTC and ETH held in cold storage …
Etf / June 7, 2022
New spot Bitcoin ETF launches at Euronext Amsterdam Exchange
Major Dutch stock exchange Euronext Amsterdam, a part of the pan-European marketplace Euronext, is debuting its first Bitcoin (BTC) exchange-traded fund (ETF). Jacobi Asset Management, a London-based digital asset management platform, is preparing to launch its Jacobi Bitcoin ETF on Euronext Amsterdam next month, the firm announced on Thursday. The spot Bitcoin ETF will start trading on the Euronext Amsterdam Exchange under the ticker BCOIN. The Jacobi Bitcoin ETF is positioned as the first spot Bitcoin ETF launched in Europe, Jacobi founder and CEO Jamie Khurshid told Cointelegraph. "Our product is the first spot or physical-backed Bitcoin fund, and the …
Etf / June 30, 2022
Guernsey regulator approves Jacobi Asset Management’s Bitcoin ETF launch
Jacobi Asset Management, a London-based multi-asset investment platform, received approval from the Guernsey Financial Services Commission (GFSC) to launch a Bitcoin (BTC) exchange-traded funds (ETF). Speaking to Cointelegraph, Jacobi Asset Management CEO Jamie Khurshid said that the regulatory clarity helps corporations and institutions to get involved in Bitcoin investments safely without all the risks associated with the technology and counterparties. According to an official statement, Jacobi Bitcoin ETF is a centrally cleared, crypto-backed financial instrument that is supported by Bitcoin custody provided by Fidelity Digital Assets. The approval from GFSC allows investors to trade Jacobi Bitcoin ETFs on traditional stock …
Adoption / Oct. 16, 2021
Report suggests BlackRock has 'no current plans' to launch crypto ETF as deadline for VanEck's offering approaches
BlackRock Financial Management’s global head of iShares and index investments said the financial firm will likely not be launching exchange-traded funds linked to crypto assets anytime soon. According to a Nov. 12 report from Financial News, BlackRock executive Salim Ramji said the firm with $9.5 trillion in assets under management has “no current plans” to launch a cryptocurrency exchange-traded fund, or ETF, until there was additional regulatory clarity in the United States. He added that BlackRock would be unlikely to be among the first in this emerging market for investments with exposure to crypto, but the firm needed to practice …
Etf / Nov. 12, 2021