ETC Group Launches BTCE Bitcoin Product… UK’s first ETP transaction

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[Blockchain Today Correspondent Soyeon Kim] Cryptocurrency investment firm ETC Group is expanding its Bitcoin (BTC) exchange-traded product (ETP) offering by leveraging Swiss market rules to circumvent stringent UK regulations.

According to a Cointelegraph report, the company announced on the 7th (local time) that it will start trading BTCE on the Aquis Exchange in London, UK. When BTCE is launched, it will be the first cryptocurrency ETP traded in the UK.

“This product is already being used by investors as an effective hedge against inflation,” said Bradley Duke, CEO of ETC Group. make it happen,” he said.

“Cryptocurrency is a ‘true asset class’ that gives investors more choice to achieve a balanced portfolio,” said Alasdair Haynes, CEO of Ackers Exchange. “We are being agile to give traders access to their assets in a fluid, regulated environment.”

Meanwhile, ETC Group has traded $5.4 billion worth of cryptocurrencies since the launch of the Bitcoin ETP in Germany in June 2020, supporting the continued growth of inter-institutional digital asset investment.

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