ETC Group’s Bitcoin ETP Hits $49 Million Assets Under Management in Two Months

Bitcoin.com | Aug 14, 2020 at 3:00 AM
  • Etc Group said Wednesday that its centrally cleared bitcoin exchange-traded product (ETP) has accumulated up to $49 million in assets under management since launch on June 18, 2020.
  • It started trading on Deutsche Börse’s Xetra electronic trading market in June with a total expense ratio of 2% – a measure of the total cost of the fund to the investor.
  • By centralizing previously fragmented Bitcoin liquidity on Xetra, we are bringing a time-tested product structure to a new asset class along with the same regulatory protections of buying any other listed security.