ETC Group has launched a bitcoin exchange traded product (ETP) on German stock exchange Deutsche Börse XETRA for benchmark-focused long term investors.
With a total expense ratio of 0.30%, the ETC Group Core Bitcoin ETP tracks the institutional-grade Bitcoin price benchmark by CF Benchmarks.
According to the providers, as the “first regulated global spot Bitcoin product”, the ETP provides primary market liquidity, bridging US, European and Asian spot BTC liquidity during the trading windows used by global, regulated institutional capital.
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The ETP tackles liquidity issues encountered by institutional investors with existing Bitcoin ETPs due to limited trading hours. It uses a Tri-NAV methodology, extending the primary market liquidity window to cover US, European and Asian BTC spot liquidity.
According to the provider, this means institutional investors have three price determinations throughout the day, expanding liquidity across multiple time zones. As a result, they can trade their holdings over an extended period.
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