ETF provider Global X ETFs has listed one Bitcoin And one Ethereum ETP on the London Stock Exchange following the recent fee waiver announcement for these products.
The products, Global X Bitcoin ETP and the Global X Ethereum ETP, are also listed on SIX Swiss Exchange and Deutsche Börse Xetra.
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The physically backed crypto ETPs are designed to capture the long-term growth potential of Bitcoin and Ethereum, shared the firm. These products offer investors cost-efficient access to these digital assets combined with the transparency and security of debt securities traded on a regulated stock exchange. Coinbase Custody International Ltd. is cryptocurrency custodian for both BTCX and ETHX. The fee waiver will be in effect until January 3, 2025, after which the arranger fee for both products will be set at 0.29%.
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“Cryptocurrencies offer a path to invest in the potential of a permission-less, decentralised, and transparent infrastructure. Backed by blockchain technology, cryptocurrencies can scale, revolutionise, and improve traditional sectors,” said Rob Oliver, head of business development at Global X ETFs. “We are thrilled to deliver on our mission to provide investors with beyond ordinary solutions and provide the UK market with access to Bitcoin and Ethereum through secure and regulated exchange-traded product wrappers. This fee reduction demonstrates our continued commitment to the European market and its investors.”
