Vienna Stock Exchange will list crypto ETPs from ETC Group
Vienna Stock Exchange volition list crypto ETPs from ETC Group
Co-ordinate to the ETC Group, the ETPs are "100% physically backed and key counterparty cleared."
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London-based financial services firm ETC Group will list its entire portfolio of crypto commutation-traded products (ETPs) offering exposure to Bitcoin (BTC), Ether (ETH) and Litecoin (LTC) on Republic of austria'south national stock market place.
In a Wednesday annunciation, the ETC Group said the Wiener Börse, or Vienna Stock Exchange, would be listing 3 of its crypto exchange-traded products that are "100% physically backed and central counterparty cleared." These include the firm'south carbon-neutral Bitcoin product, a Litecoin-based product and its Ether ETP.
The ETC Grouping has already made similar listings on stock exchanges in London, Paris, Amsterdam, Zurich and Frankfurt. The ETPs are aimed at allowing investors exposure to crypto with the regulatory protections afforded to traditional stocks. Previously stating that its crypto product was like trading Bitcoin "through an ETP structure," the firm said its offerings are not the same as an exchange-traded fund, every bit they're single asset instruments.
The Marketplace Maker on the Vienna Stock Substitution will be Lang & Schwarz, with the crypto products distributed by ETP provider HANetf. Despite the name, the ETC Group has no connection to the cryptocurrency Ethereum Classic.
Related: Popular Bitcoin ETP set to debut in United kingdom of great britain and northern ireland
While firms including the ETC Group have been rolling crypto ETPs across Europe this year, exchange-traded funds in the U.s. are still in a type of regulatory purgatory as the Securities and Exchange Commission (SEC) has all the same to approve whatever applications. VanEck, Valkyrie Digital Assets, Allegiance Investments and others have submitted paperwork with the regulatory torso to utilise for crypto ETFs, merely the SEC has always delayed its decision or instead opened the application to public comments.
Source: https://cointelegraph.com/news/vienna-stock-exchange-will-list-crypto-etps-from-etc-group
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