Today, the Swiss Stock Exchange welcomes a new ETP issuer: ETC Group lists their Bitcoin ETP “BTCetc”, taking the number of ETP providers to six and the number of ETPs to 34. Christian Reuss, Head SIX Swiss Exchange, commented: “We welcome ETC Group to the family of ETP providers offering their products on the Swiss Stock Exchange. With the new ETP, investors gain access to 100 different crypto products trading on our platform and enjoy even more opportunities to diversify their portfolio.”
Thanks to the multicurrency capabilities of the Swiss Stock Exchange, the newly listed product BTCE is available in Swiss francs (CHF), pound sterling (GBP) and US dollars (USD). It tracks the price of Bitcoin and is 100% physically backed. ETC Group is specialized in developing innovative digital asset-backed securities and is backed by a number of major London-based financial institutions.
Leading Regulated Marketplace
The Swiss Stock Exchange is an ideal distribution network for companies looking to gain access to Switzerland’s highly capitalized international investor base and tap into new growth potential. For investors, this results in a unique securities universe, encompassing some of Europe’s most important shares, a large bond offering and a broad choice of ETFs & Funds, ETPs as well as structured products to cover a wide spectrum of investment needs.
With the listing of the Bitcoin ETP by ETC Group, the Swiss Stock Exchange is further strengthening its position as the world’s leading regulated marketplace to trade products with crypto-currencies as underlyings. ETPs and structured products combined, the billion barrier in trading turnover has been surpassed for the first time in 2020 with CHF 1.1 bn. The number of trades in products with crypto-currencies as underlyings also reached a new record of 48,024.
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