BTCetc®
Bitcoin Exchange Traded Crypto
Tracks the price of Bitcoin | ISIN: DE000A27Z304
KID - Deutsch
KID - NetherlandsBTCetc Bitcoin Exchange Traded Crypto (Ticker: BTCE) is an exchange traded cryptocurrency (ETC) that tracks the price of bitcoin. BTCE is 100% physically backed by bitcoin and trades on Deutsche Börse XETRA. It is the world’s first centrally cleared Bitcoin ETC, providing investors with an easier and safer way to gain exposure to bitcoin. Each unit of BTCE gives the holder a claim on a predefined amount of bitcoin (Cryptocurrency Entitlement).
The value of your investment may go down as well as up and past performance is no indication of future performance. Your capital is at risk.
Why Invest? An easier way to invest in BitcoinInvesting in BTCE is as simple as buying shares through your broker or bank. Unlike investing directly in bitcoin, there is no need to engage with the technical challenges of setting up a cryptocurrency wallet to store bitcoin. Your units of BTCE are safely held with your broker or bank.
Trade Bitcoin on a regulated exchangeBTCE is traded on XETRA, one of the largest exchanges in Europe. Investors can trade with confidence knowing that all market participants are strictly vetted and carefully monitored to prevent market abuse, unlike cryptocurrency exchanges, many of which are unregulated. The issuer has partnered with world-class liquidity providers to ensure ample on exchange liquidity and tight spreads.
Safe CustodyThe issuer stores the bitcoin with BitGo Trust Company, a secure, regulated custodian, purpose built for holding digital assets. Strict KYC and AML standards ensure that the provenance of all cryptocurrency in custody has been vetted.
RedemptionIt is important for the integrity of the product, and its price to stay in line with bitcoin, that BTCE is fully-fungible with bitcoin and can be redeemed for bitcoin or cash*. Investors can redeem their units of BTCE with APs or directly with the Issuer. Please refer to the Redemption Information Document as well as the Put Option Exercise Form for further information on redemption.
* Certain terms and conditions apply| Cryptocurrency Entitlement (Bitcoin per unit of BTCE) * | 0.XXXXXXXX |
| Bitcoin Price (USD) * | 9239,05 |
| Price per BTCE (NAV; USD) * | $9,07 |
| Total Holdings (AUM in Bitcoin) | 314,312 |
| Values of AUM (USD) | $2.860.816,44 |
| Shares outstanding | 315.457 |
* Important Note: Values might be outdated the moment you are viewing this website. For accurate pricing information on Bitcoin or price of the securities please refer to other official sources.
| Name | BTCetc (Bitcoin Exchange Traded Cryptocurrency) |
| Asset Class | Cryptocurrency |
| Type | Exchange Traded Cryptocurrency (ETC) |
| Underlying Asset | Bitcoin (BTC) |
| Physical (Bitcoin) settlement | Yes (both creations & redemptions) |
| Cash settlement currency | USD (redemptions only, and only for investors unable to receive Bitcoin) |
| Leverage | 1:1 (no leverage) |
| Minimum Investment | 1 unit of security |
| Annual Management Fee | 2.00% |
| Expiry Date | No fixed maturity date (open-ended) |
| Exchange | Deutsche Börse XETRA |
| Country | Germany |
| Trading Currency | EUR |
| Ticker | BTCE |
| ISIN | DE000A27Z304 |
| WKN | A27Z30 |
| Bloomberg Ticker | BTCE:GR |
| SEDOL | BMWSLR9 |
| Domicile | Germany |
| Replication Method | Physically backed by actual holdings of Bitcoin in with the Depositary |
| Legal Structure | Debt security (bond) representing a claim on the Issuer for a pre-defined amount of Bitcoin |
| Listing Date | 18.06.2020 |
| UCITS eligible | Yes |
| Registered for Sale | DE, UK, IT, AT, NL, IE, LU, SE, NO, DK, FI, ES |
| Issuer | ETC Issuance GmbH |
| Auditor | Ernst & Young Luxembourg |
| Security Trustee | Apex Corporate Trust Services (UK) Limited |
| Administrator | Apex Corporate & Advisory Services Ltd |
| Bitcoin Depositary | BitGo Trust Company |
| Clearing House | Clearstream Banking AG |
| Market Makers | XTX Markets, FlowTraders, Jane Street |
| Prospectus approved by | German FCA – BaFin |
BTCetc (Primary ticker: BTCE) is traded on Deutsche Börse XETRA, the most highly traded ETP board in Europe. BTCE enables investors to get exposure to bitcoin safely via a regulated financial product.
Virtually every broker in the world should have the ability to buy products traded on XETRA for its clients. Trading is constantly monitored by sophisticated software to detect and prevent market abuse. Some APs may also be able to make-markets OTC in BTCE for professional and eligible counterparty investors in BTC, USD, EUR, GBP and other currencies.
ETC Group understands that not all trading venues are equal and is therefore very proud that BTCE is offered on one of the largest stock exchanges in Europe and was the first centrally-cleared crypto ETP in the world. World class liquidity providers ensure there is good market depth, tight spreads and ample liquidity available to ensure that investors can enter and exit their position in BTCE with minimal cost and market impact.
BTCetc is always 100% backed by bitcoin because BTCE cannot be created without the bitcoin collateral being held securely in custody.
The APs provide liquidity in BTCE on the stock exchange where most investors will buy and sell BTCE. Investors don’t need to worry about safely storing their investment in bitcoin via BTCE as the units are securely held with their broker – just like stocks.
BTCE can be sold anytime on exchange or redeemed for bitcoin or cash* via an AP or directly with the Issuer. Learn more about Redemption).
Only APs the Issuer has appointed are allowed to subscribe to BTCE with the Issuer, and only for bitcoin. This mechanism ensures that the provenance of all bitcoin has been verified.
All bitcoin received from the APs is held in institutional-grade safe custody at BitGo Trust Company, to back each unit of BTCE in circulation.
For additional investor protection, the bitcoin in the custody account is pledged as security to the investors, and a reputable independent trustee enforces this pledge.
* Certain terms and conditions apply