ETF TV News #99 Bradley Duke, co-founder and CEO at ETC Group discusses on ETF TV how bitcoin and ethereum ETPs drove their assets above $2 billion.
ETC Group, a provider of institutional-grade digital asset-back securities, now has more than $2 billion worth of crypto assets under management (AUM). ETC Group’s Bitcoin ETP alone accounts for more than $1.6 billion worth of AUM. The group’s AUM has increased significantly due to a surge in the popularity of crypto ETPs.
The crypto ETP provider currently offers four products providing directly backed exposure to bitcoin, ethereum, litecoin, and bitcoin cash. The ETPs maintain listings on Xetra, SIX Swiss Exchange, Euronext Paris, Euronext Amsterdam and the Vienna Stock Exchange.
ETC Group’s partners include HANetf, XTX Markets, Flow Traders, DRW, Jane Street, BitGo, Bank Frick and Baader.
In August 2021, Eurex announced the launch of Bitcoin ETN futures. Earlier this year, ETC Group outlined its approach to offset the CO2e emissions associated with Bitcoin mining and transaction activities.
Bradly discusses the firm’s plans to launch more ETPs.
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MarketData: ETFGI, video production: Nuru Rimington-Mkali, the transcript and podcast: Mathilde Laessoe MP4: https://we.tl/t-aS8ks0BAKG
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Episode sponsored by HanETF