London-based ETC Group announced the listing of a Tezos-based exchange-traded product (ETP) on Xetra, Deutsche Börse’s trading venue.
ETC Group Confirms Launch Of Institutional-Grade Tezos ETC Product On Europe’s Largest ETF Trading Venue Deutsche Börse Xetra https://t.co/QCvmTZpBF2 #Tezos @ETC_Crypto #ETP #ETC #digitalsecurities
— XTZ News (@XTZNews) December 13, 2021
The physically backed instrument has the ticker EXTZ. It is available to investors in 16 EU member states.
“We are responding to demand from institutional investors who want to invest in competitors of Bitcoin and Ethereum. Tezos has proven itself as a platform for executing smart contracts, cross-border payments and dapps.”, — commented ETC Group co-CEO Bradley Duke.
In the company’s plans, the launch of ETPs based on Polkadot, Solana, Stellar and Cardano is planned.
On November 9, assets under management by ETC Group surpassed $2 billion, of which $1.6 billion were in Bitcoin ETPs.
We are proud to announce that @ETC_Crypto has reached $2 Billion AUM!
We would like to thank our supportive customers, investors, partners and our team for this incredible milestone.Read more: https://t.co/GWP7cNNnjA #UK #Bitcoin #Crypto #ETCGroup pic.twitter.com/E6NRdsnRU4
— ETC Group (@ETC_Crypto) November 9, 2021
The first Tezos-based ETP in Europe was launched by the crypto exchange-traded product provider 21Shares (formerly Amun).
In ETC Group received listings for three ETPs based on Bitcoin, Ethereum and Litecoin on the Vienna Stock Exchange.
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