{"id":53736,"date":"2021-11-29T16:21:57","date_gmt":"2021-11-29T14:21:57","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=53736"},"modified":"2025-09-03T16:42:37","modified_gmt":"2025-09-03T13:42:37","slug":"invesco-secures-listing-for-a-physically-backed-bitcoin-etp-on-deutsche-borse","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/invesco-secures-listing-for-a-physically-backed-bitcoin-etp-on-deutsche-borse\/","title":{"rendered":"Invesco secures listing for a physically backed Bitcoin ETP on Deutsche B\u00f6rse"},"content":{"rendered":"<p>One of the largest US investment firms, Invesco, said it would list a physically backed Bitcoin-<span data-descr=\\\"exchange-traded product\\\" class=\\\"old_tooltip\\\">ETP<\/span> on Xetra, the Deutsche B\u00f6rse structure. ETFStream reports.<\/p>\n<p>The instrument has been assigned the ticker BTIC.<\/p>\n<p>Custodial services are provided by <span data-descr=\\\"UK Financial Conduct Authority\\\" class=\\\"old_tooltip\\\">FCA<\/span> Zodia Custody from Standard Chartered.<\/p>\n<p>The ETP will replicate the movement of the CoinShares Bitcoin Hourly Reference Rate index net of fees. <span data-descr=\\\"Total Expense Ratio\\\" class=\\\"old_tooltip\\\">Total Expense Ratio<\/span> will be 0.99%.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p><em>\\&#8221;Over the past two to three years we have tried to structure the product so that, from an institutional perspective, it looks as close as possible to a traditional <span data-descr=\\\"exchange-traded fund\\\" class=\\\"old_tooltip\\\">ETF<\/span>. We have focused on custody, segregation of accounts, valuation. One of the strengths of an ETP is its accessibility\\&#8221;<\/em>, said Gary Bakston, Head of ETF EMEA and Indexed Strategies at Invesco.<\/p>\n<\/blockquote>\n<p>The top executive explained the choice of a spot rather than a futures-based BTIC as becoming more comfortable over time in valuation, and the market&#8217;s greater visibility in terms of liquidity.<\/p>\n<p>The publication noted that State Street Global Advisors had previously not ruled out creating a similar product.<\/p>\n<p>Earlier, Invesco<a href=\"https:\/\/forklog.com\/en\/news\/invesco-abandons-plans-for-bitcoin-futures-etf-ahead-of-proshares-launch-of-a-similar-product\"> declined<\/a> to launch a bitcoin-futures ETF ahead of the launch of a similar product<a href=\"https:\/\/forklog.com\/en\/news\/trading-starts-for-proshares-first-us-bitcoin-futures-etf\"> from ProShares<\/a>.<\/p>\n<p>Earlier, the company<a href=\"https:\/\/forklog.com\/en\/news\/invesco-launches-two-blockchain-focused-etfs\"> gained listings for two blockchain-focused ETFs<\/a> on the Chicago Board Options Exchange.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\\\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the largest US investment firms, Invesco, announced the addition of Xetra, within the Deutsche B\u00f6rse structure, to the listing of a physically backed Bitcoin ETP. ETFStream reports.<\/p>\n","protected":false},"author":1,"featured_media":53737,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1773,1211],"class_list":["post-53736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-invesco","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/53736","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=53736"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/53736\/revisions"}],"predecessor-version":[{"id":53738,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/53736\/revisions\/53738"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/53737"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=53736"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=53736"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=53736"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}