BTCetc 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
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.
Investing 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.
BTCE 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.
The 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.
It 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