online resources

ETC Group’s Bitcoin ETP Hits $49 Million Assets Under Management in Two Months

Etc Group said Wednesday that its centrally cleared bitcoin exchange-traded product (ETP) has accumulated up to $49 million in assets under management since launch on June 18, 2020. The contract, known as Bitcoin Exchange Traded Crypto (BTCE), tracks the price of BTC and is 100% physically backed by the cryptocurrency. It started trading on Deutsche Börse’s Xetra electronic trading market in June with a total expense ratio of 2% – a measure of the total cost of the fund to the investor. According to Etc Group, a London-based financial services firm, Btce was the most traded non-leveraged asset on Xetra’s…

Continue Reading ETC Group’s Bitcoin ETP Hits $49 Million Assets Under Management in Two Months

End of content

No more pages to load