ETC Group announced today that its flagship product, ETC Group Physical Bitcoin (BTCE), holds a record amount of 25,863 bitcoins and total assets under management at ETC Group have surpassed $1 billion for the first time since April 2022.
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Tim Bevan, founder and CEO at ETC Group
BTCE is the largest and most liquid bitcoin exchange-traded product in Europe. BTCE was the world’s first centrally cleared bitcoin ETP when it debuted on Deutsche Börse’s XETRA platform in June 2020. Since then, it has attracted strong demand from both retail and institutional investors.
Tim Bevan, founder and CEO at ETC Group, said: “Seeing BTCE reach record BTC holdings and our total AUM surpass the $1 billion mark for the first time in over 18 months is a clear signal that this bear market is behind us. This new cycle will be the one where institutions truly begin to participate globally and our ability to capture almost 50% of all Crypto ETP fund inflows in Europe year to date is a testament to the quality of our products.”
ETC Group offers a range of crypto ETPs, including physical ETPs for Ethereum (ZETH) and Solana (ESOL), as well as a DA20, the world’s first and only MSCI benchmarked crypto index ETP.
In addition to Bitcoin, ETC Group has also witnessed increasing institutional interest in Ethereum (ETH). Bradley Duke, founder and Chief Strategy Officer, commented “As institutions grow their internal capabilities and teams, we are seeing a deeper appreciation for the key differences between Bitcoin and Ethereum, which in our view are highly complementary assets and should form the cornerstone of any allocation to digital assets.”
Source : ETFWorld.co.uk
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