Bitcoin and Ethereum exchange-traded products from ETC and HANetf beat peers on inflows, daily volume and spreads

ETC Group said its physically backed Bitcoin and Ethereum products had been the best exchange-traded products (ETPs) for inflows, daily volume and spreads in Europe this year.

The BTCetc – ETC Group Physical Bitcoin (BTCE), which was the first cryptocurrency product on Deutsche Börse’s Xetra platform last year, and the Physical Ethereum ETC (ZETH), which launched last month.

BTCE has attracted inflows of $459.7 million in the first three months of the year, with daily revenue of $51.158 million, almost double the nearest of its seven peers.

After launching on March 8, 2021, ZETH has reached AUM of AU$40 million and is already established as the most liquid Ethereum ETP product on Xetra with daily turnover of $916,720, according to ETC Group.

Following the success of both products, ETC Group launched the first Litecoin ETP on Xetra on April 14th.

Part of this success of BTCE and its ETP siblings is that they trade at a lower premium or discount to the price of Bitcoin or Ethereum than competitors in Europe and North America, said ETC Group, which includes it in the “deep pool” of the World attributed class liquidity providers and authorized participants.

All three ETPs were launched through HANetf’s distribution platform, which recently surpassed $2.5 billion in assets under management.

Bradley Duke, chief executive of ETC Group, said the three ETPs are designed to offer investors “a safer and more transparent way to gain exposure to cryptocurrencies and deliver phenomenal growth when demand rises.”

“They accurately replicate the price of the underlying asset and provide institutional investors with liquid products cleared by a central counterparty. The growth in assets under management, liquidity and efficient tracking of the underlying crypto markets is resonating with European investors.”

Hector McNeil, co-founder and co-CEO of HANetf, attributed BTCE’s success to allowing investors to benefit from Bitcoin’s performance while avoiding concerns about the technical challenges involved in buying and storing cryptocurrencies.

“The performance of ETC Group’s Physical Ethereum ETC is further evidence that ETC Group is a recognized leader in the development of investment solutions, as evidenced by the performance of its products. I have watched the crypto markets transition to mass adoption by institutional investors in real time since we helped launch BTCE with ETC Group.”

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