ETC Group Will List the First Bitcoin ETP in London

ETC Group will launch the first bitcoin exchange-traded product (ETP) in London on the Aquis Exchange Multilateral Trading Facility (MTF). The listing will take place on June 7.

The Aquis Exchange announced that this will be the first time a cryptocurrency ETP is launched in the UK. At first, four different FIAT currencies are chosen for the trading pair: GBP, CHF, Euro, and USD.

The Switzerland-based SIX x-clear will carry out the clearing.

Bradley Duke, CEO of ETC Group, commented the following:

ETC Group provides exposure to bitcoin, ether, and litecoin through our 100% physically backed cryptocurrency ETPs, and bringing our flagship bitcoin product to Aquis Exchange was a logical step as institutional demand for exposure to crypto grows around the world.

Bradley Duke, CEO of ETC Group

That means, the first ETPs include Bitcoin, ETH, and Litecoin – every share will be backed by 100%.

ETC Group then went on to say that investors are looking at cryptocurrencies as a hedge against inflation.

Even though several banks in the UK have taken negative actions against cryptocurrencies, the ETC Group remains positive about crypto’s future!

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