LONDON, September 21, 2021--(BUSINESS WIRE)--ETC Group (www.etc-group.com), the specialist provider of innovative, digital asset-backed debt securities, announces that it is launching a Bitcoin Cash Exchange Traded Product (ETP) on Deutsche Börse XETRA, available for trading from 21 September 2021.
With 1.95% TER, the new crypto product, called BCHetc - ETC Group Physical Bitcoin Cash (ticker: BTCH) aims to be the lowest cost Bitcoin Cash product available currently, whilst benefiting from the high quality, institutional grade security and custody, and 100% physically backed features that match ETC Group’s other ETC securities. Produced in response to strong demand from institutional investors, the XETRA listing brings BTCH within particularly easy reach of investors in Germany, which now boasts some of the most crypto friendly tax laws in mainland Europe.
Bitcoin Cash (BTCH) began as a fork of the original cryptocurrency, Bitcoin, and in the intervening years has seen global merchant adoption as a cross-border payments protocol promising cheap, fast transactions, with all the security, transparency, and tamper-resistant benefits of a world-leading blockchain. In October 2020 Bitcoin Cash, was chosen with only three other cryptocurrencies to form the backbone of payments services Venmo and Paypal’s crypto strategies, putting Bitcoin Cash in reach of millions of new users in the US and across the world3.
European professional investors prefer to trade Bitcoin Cash via an ETP4 and this listing on XETRA is especially relevant for European investors as they can now ge...