Bringing you live news and features since 2006 

ETPs are the most popular way for European institutional investors and wealth managers to invest in bitcoin, says new study


New research from ETC Group the company behind the BTCetc – Bitcoin Exchange Traded Crypto (BTCE), a physically backed bitcoin ETP which is listed on the Deutsche Boerse XETRA and SIX stock exchanges, and passported for sale across Europe, reveals that exchange traded products (ETPs) are the most popular way for European institutional investors and wealth managers to gain exposure to bitcoin.

Its research from 66 institutional investors and wealth managers across Germany, the UK, Italy, the Netherlands, Belgium and the Nordics, who collectively have an estimated USD63.5 billion in assets under management and exposure to Bitcoin, reveals that 53 per cent use ETPs to gain exposure to the cryptocurrency. This is followed by 23 per cent who said they use structured products, 21 per cent who use direct investment channels and 17 per cent who use hedge funds. 

ETC Group’s research reveals nearly nine out of ten (87 per cent) of professional investors interviewed said they plan to increase their exposure to Bitcoin this year. Some 80 per cent said they expect the price of Bitcoin, which is currently USD48,000 per coin, to be over USD50,000 by the end 2021.

Bradley Duke, Co-Founder of BTCetc Bitcoin Exchange Traded Crypto ETC, says: “We welcome the exciting findings of this pan-European market research we commissioned. There are a growing number of investment vehicles open to investors looking to gain exposure to Bitcoin and other cryptocurrencies.  ETPs have a number of advantages of some of these in terms of the liquidity and transparency which they provide, superior custodial services and more competitive fees. 

“A product like BTCE is traded on major stock exchanges and is central counterparty cleared, can help institutional investors gain access to the cryptocurrency market. It also simplifies the process of allocating to Bitcoin. Investors bypass the technical challenges of purchasing and storing Bitcoin and the risk of trading on unregulated crypto exchanges. Through an exchange traded product, the investors aren’t required to engage with blockchain technology at all.

“BTCE has quickly become the most traded crypto backed ETP on the Deutsche Boerse and has no discount or premium which is inherent in BTC futures and US based BTC trusts. Given the consistent high liquidity and efficient tracking of the underlying BTC price we feel very confident that the investors institutional investors surveyed in this market research will see BTCE as the market access product of choice for their BTC exposure.”

BTCE is distributed and marketed by HANetf.

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by