Opalesque Trade Replace – ETC Group, the specialist supplier of revolutionary, digital asset-backed securities, has introduced that it’ll
checklist LTCetc – ETC Group Bodily Litecoin ETC (Ticker: ELTC) on Deutsche Boerse’s XETRA platform on
Wednesday 14th April 2021. The alternate traded cryptocurrency is structured as an asset-backed debt
safety issued in Germany, and is marketed and distributed by HANetf.
ETC Group´s Bodily Litecoin ETC (Ticker: LITE) will monitor the worth of Litecoin offering buyers with an
institutional grade product achieve publicity to the Litecoin cryptocurrency. ELTC is the primary Litecoin product
to be listed on Xetra and shall be central counterparty cleared .
The launch follows the large success of ETC Group’s first product – BTCetc Bitcoin Alternate Traded Crypto
(ticker BTCE) – launched on XETRA final June, which has seen its belongings underneath administration develop to over $1
billion in simply seven months . BTCE had a turnover of 925million EUR on Xetra in February with a market
share of 79.4% of the ETN section of Xetra and was probably the most traded ETP throughout the entire of Xetra .
It is the third crypto ETC from ETP Group – earlier this month it listed ETC Group Bodily Ethereum ETC
(Ticker: ZETH) which tracks the worth of Ether and was the primary Ethereum ETP to be listed on the Deutsche
Borse. ZETH traded over $1million in its first week of launch and had spreads of simply 23 foundation factors.
This rising vary of crypto ETCs offers buyers with a number of advantages over investing instantly within the
cryptocurrencies they monitor. Traded on regulated markets, buyers should purchase and promote the ETCs in the identical
method they’d when buying and selling standard shares, with the equivalent regulatory protections in place. ELTC
shall be central counterparty cleared (CCP). The primary time Lite Coin shall be central counterparty cleared
globally. Central counterparty clearing, is absent in underlying crypto forex markets, however is a characteristic that
buyers anticipate when buying and selling an ETP on a regulated alternate, because it significantly reduces counterparty threat when
buying and selling. ELTC has a administration payment of two%.
Bradley Duke, CEO of ETC Group stated: “Litecoin has grown by 342% 6 prior to now 12 months and is the nineth
largest cryptocurrency by market capitalisation at $14.6 billion 7 with rising curiosity from institutional and
retail buyers. It is typically talked about because the silver to Bitcoin’s gold.
“The present financial uncertainty has underlined the attraction of crypto belongings for buyers as they provide
alternatives for diversification from conventional belongings equivalent to equities and bonds, and robust hedging
qualities in opposition to inflation. However it’s a crowded market with greater than 8,700 cryptocurrencies 8 , making it
troublesome for buyers to pick belongings and to retailer and handle them.
“Our bodily backed Bitcoin ETC (BTCE) was designed to offer buyers with a safer and extra
clear strategy to achieve publicity to Bitcoin and we are actually capable of supply the identical advantages to Litecoin with
the itemizing of ETC Group Bodily Litecoin ETC along with the ETC Group Bodily Ethereum ETC ,which
launched earlier this month.
“Institutional buyers are demanding regulated crypto merchandise which might be safe, liquid and central
counterparty cleared and ETC Group is constructing merchandise that adhere to the advanced and exacting requirements
of the institutional investor.
“Conventional markets will stay unstable for a while, fuelling demand for alternate options equivalent to
cryptocurrencies. In distinction to earlier rallies in cryptocurrencies, the present one is the primary to be
supported by each retail and institutional buyers, making this the best time to launch ELTC.”
Previous efficiency isn’t any assure of future efficiency. Cryptocurrencies are extremely unstable, and your
capital is in danger.
Hector McNeil, co-Founder and co-CEO at HANetf, stated “We’re excited to be supporting the continuing
growth at ETC Group and the launch of their third crypto ETC with the itemizing of ETC Group Bodily
Litecoin ETC. ETC Group is firmly established as a market chief in providing funding merchandise targeted on
crypto belongings. The large success of their first product, BTCE, which reached over $1 billion in belongings in simply
over seven months since itemizing 3 demonstrates the rising demand for merchandise which allow buyers to
keep away from issues in regards to the technical problem of shopping for and storing cryptocurrencies. ETPs are listed on a
regulated Alternate and buyers purchase them by means of regulated brokerages. That is arguably probably the most sturdy
strategy to commerce and put money into crypto currencies.”