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- The ETC Group, a London-based financial services firm, will list its entire portfolio of crypto exchange-traded products (ETPs), including Bitcoin (BTC), Ether (ETH), and Litecoin (LTC), on Austria’s major stock market (LTC)
- Similar listings have previously been made by the ETC Group on stock markets in London, Paris, Amsterdam, Zurich, and Frankfurt. The ETPs are designed to provide crypto investors with the same regulatory safeguards as regular equities
- While companies such as the ETC Group have been rolling out crypto ETPs across Europe this year, the Securities and Exchange Commission (SEC) has yet to accept any applications for exchange-traded funds in the United States
ETC Group, a London-based financial services business, will list its complete portfolio of crypto exchange-traded products (ETPs) on Austria’s main stock exchange, including Bitcoin (BTC), Ether (ETH), and Litecoin (LTC). The ETC Group said on Wednesday that three of its crypto exchange-traded products that are 100% physically backed and central counterparty cleared would be listed on the Wiener Börse, or Vienna Stock Exchange. The company’s carbon-neutral Bitcoin product, a Litecoin-based product, and an Ether ETP are among them.
Similar listings have previously been made by the ETC Group on stock markets in London, Paris, Amsterdam, Zurich, and Frankfurt. The ETPs are designed to provide crypto investors with the same regulatory safeguards as regular equities. The business clarified that their crypto product is not the same as an exchange-traded fund since it is a single asset instrument, after previously saying that it was like trading Bitcoin via an ETP framework. Lang & Schwarz will be the market maker on the Vienna Stock Exchange, with crypto goods supplied via ETP provider HANetf. The ETC Group is unrelated to the cryptocurrency Ethereum Classic, despite its name.
While companies such as the ETC Group have been rolling out crypto ETPs across Europe this year, the Securities and Exchange Commission (SEC) has yet to accept any applications for exchange-traded funds in the United States. VanEck, Valkyrie Digital Assets, Fidelity Investments, and others have filed papers with the Securities and Exchange Commission (SEC) to apply for crypto ETFs, but the SEC has consistently postponed its decision or opened the application to public comment.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
