Based on a Monday post released by ETF Stream, the British digital asset business ETC Group has introduced 3 novel cryptocurrency ETPs that follow the values of 3 cryptos: AVAX, MATIC, and ATOM. On the SIX Swiss Exchange in Zurich and the Deutsche Börse in Frankfurt, there are now more investment options for people who want to make money.
New ETPs by ETC Group
Through white-label ETF provider HANetf, ETC Group has introduced 3 cryptos ETPs. All three ETC Group Physical ETPs (AVAL, ATME, and MTCE) are traded on the SIX Swiss Exchange and the Deutsche Boerse. They have TERs of 1.95 percent, which is about the same as what you’d pay for the same amount of money to buy stock.
It brings the total number of cryptocurrency ETPs offered by the company to eight. With ETH, ADA, SOL, LTC, and DOT exchange-traded products already in place, the ETC Group released Bitcoin Cash ETP in September 2021.
There are no more than 720,000,000 of the Avalanche Governance Token, AVAX that can be traded on the Avalanche network, and AVAL monitors that price. The network aspires to be a decentralized platform where any sort of asset could be traded. Cosmos governance token, ATOM is tracked by ATME and Polygon governance token, MATIC is tracked by MTCE, both of which operate Ethereum sidechain networks.
The founder and co-CEO of ETC Group claimed that there had been a growing interest from investors in incorporating a few of the newest and more inventive cryptos into their wallets, particularly those with substantial market capitalization. Customers can trade high-quality, physically-supported cryptocurrencies. That’s because of our relationship with financial intermediaries and the exchange-traded cryptocurrencies adoption.
The ETC Group UCITS ETF (METR) was the first metaverse ETF sold in Europe. It was sold on the LSE (London Stock Exchange). Investment banks can also get the awareness of cryptos like BTCH, LTC, and ETH through ETC Group.
They had launched a metaverse-focused ETF earlier in March, which was a groundbreaking move. It allows investors to obtain exposure to various businesses working on cutting-edge innovations like virtual reality, augmented reality, and three-dimensional graphics.
ETC Group’s Success
In 2020, Deutsche Boerse launched the first BTC ETP globally that was centralized and cleared. ETC Group made this happen. It surpassed $1.5B in securities under management in October 2021, making it the world’s most incredible physically-supported single cryptocurrency exchange-traded product.
In June, the corporation introduced the first BTC exchange-traded product in the United Kingdom. The organization now has 8 physically-supported exchange-traded funds (ETFs) that follow the price of various cryptos.
ETC Group has established a strong position in European financial markets by launching its products in Amsterdam, Frankfurt, London, Paris, Vienna, and Zurich. Compared to the United States, Europe is believed to become more cryptocurrency-friendly.