European digital ETP issuer, ETC Group, has announced that its total assets under management has returned to over USD1 billion, a level not seen since May 2021.
The firm writes that this follows significant recent developments by ETC Group, including making its Bitcoin ETC carbon neutral, listing on multiple European exchanges including being the first crypto ETP to list on a UK stock exchange, and the announcement that its Bitcoin ETC is the basis of Europe’s first Futures contracts to launch this month on Eurex, Europe’s largest derivatives exchange.
“Recent independent research by CoinShares shows that more institutions are choosing ETC Group’s crypto ETPs to invest in cryptoassets than any other provider,” says Bradley Duke, CEO of ETC Group. “Not only have we seen the largest weekly inflows during August, we’re also the world’s most heavily traded crypto ETP. Regaining the USD1 billion AUM is a clear indication of trust that retail and institutional investors are putting in our range of crypto ETPs, which are 100 per cent physically backed, regulated as they’re listed on Europe’s largest stock exchanges, with the world’s leading custodians to ensure security and safety.”
Research by CoinShares of the weekly tally of fund flows for institutions shows that ETC Group’s Bitcoin, Ether, and Litecoin ETPs produced inflows of USD14.1 million during the week ending Aug 27, 2021. That’s more than 40 per cent higher than its closest competitor which produced inflows of USD8.4 million.
Eurex, Europe’s largest derivatives exchange, will list Bitcoin ETN Futures on 13 September 2021, based on ETC Group’s BTCetc – ETC Group Physical Bitcoin (ticker: BTCE). This will be the first time that futures contracts are available for investors on a crypto ETP in Europe.