ETC Group to List Crypto ETPs on Vienna Stock Exchange

The three exchange-traded products are 100% physically backed, said the CEO.

Aug 18, 2021 at 9:48 a.m. UTC
Updated Sep 14, 2021 at 1:41 p.m. UTC

ETC Group is listing all its crypto exchange-traded products on the Vienna stock exchange, the company said in a statement.

  • The London-based crypto securities provider will list Vienna’s first carbon-neutral crypto ETP, the first physical bitcoin ETP, the first litecoin ETP and an ethereum ETP, according to the statement.
  • The three ETPs are 100% physically backed, CEO Bradley Duke said.
  • ETPs have been rolling out over Europe in recent months, with major investment banks like Goldman Sachs and Bank of America involved in the settling process.
  • ETC Group has so far launched its ETPs in London, Paris, Amsterdam, Zurich and Frankfurt.
  • The products will be distributed by London-based ETP provider HANetf, and the market maker on the Vienna exchange will be Lang & Schwarz.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.