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Vienna Inventory Alternate will record crypto ETPs from ETC Group

London-based monetary providers agency ETC Group will record its complete portfolio of crypto exchange-traded merchandise (ETPs) providing publicity to Bitcoin (BTC), Ether (ETH) and Litecoin (LTC) on Austria’s nationwide inventory market.

In a Wednesday announcement, the ETC Group mentioned the Wiener Börse, or Vienna Inventory Alternate, could be itemizing three of its crypto exchange-traded merchandise which are “100% bodily backed and central counterparty cleared.” These embrace the agency’s carbon-neutral Bitcoin product, a Litecoin-based product and its Ether ETP.

The ETC Group has already made related listings on inventory exchanges in London, Paris, Amsterdam, Zurich and Frankfurt. The ETPs are geared toward permitting buyers publicity to crypto with the regulatory protections afforded to conventional shares. Beforehand stating that its crypto product was like buying and selling Bitcoin “via an ETP construction,” the agency mentioned its choices are usually not the identical as an exchange-traded fund, as they’re single asset devices.

The Market Maker on the Vienna Inventory Alternate might be Lang & Schwarz, with the crypto merchandise distributed by ETP supplier HANetf. Regardless of the identify, the ETC Group has no connection to the cryptocurrency Ethereum Basic.

Associated: Common Bitcoin ETP set to debut in UK

Whereas corporations together with the ETC Group have been rolling crypto ETPs throughout Europe this 12 months, exchange-traded funds in the US are nonetheless in a kind of regulatory purgatory because the Securities and Alternate Fee (SEC) has but to approve any purposes. VanEck, Valkyrie Digital Belongings, Constancy Investments and others have submitted paperwork with the regulatory physique to use for crypto ETFs, however the SEC has at all times delayed its choice or as a substitute opened the applying to public feedback.