The first Bitcoin ETP surpassed $ 100M in AUM just 4 months after the launch

The first Bitcoin ETP surpassed $ 100M in AUM just 4 months after the launch
The BTCetc Exchange Traded Bitcoin ETC (BTCE) celebrates an important milestone, exceeding the $ 100M in AUM.

Today the ETF stream reports extraordinary success with the first crypto ETP product traded on the Deutsche Boerse exchange. Just these days, it outperformed $ 100M in terms of assets under management (AUM).

Bitcoin ETP by ETC Group was launched in late June, so exceeding the $ 100M in AUM in such a short time is an unexpected and very favorable result.

BTCE is the largest crypto ETP on the European market

We worked really hard to engineer a product that provides investors with a safer and more transparent way to gain exposure to bitcoin.

By reaching the $100m AUM milestone in just over four months, we feel that the investment community has recognised the quality of BTCE’s investor protections and trading experience which has resulted in over 1 million shares of BTCE being traded in a single day on Deutsche Boerse.

Bradley Duke, CEO of ETC Group

Due to the fact that Bitcon ETP is listed on the Deutsche Boerse, BTCE is the first central counterparty cleared bitcoin ETP.

About Deutsche Boerse Group

As an international exchange organisation and innovative market infrastructure provider, Deutsche Boerse Group offers its customers a wide range of products, services and technologies covering the entire value chain of financial markets. It organises markets characterised by integrity, transparency and safety for investors who invest capital and for companies that raise capital.

Read also: Bitcoin is over $ 15K and large investment companies are counting gigantic profits

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