European digital currency issuer ETC Group has announced that its total AUM has reached USD1.5 billion, with its bitcoin ETP enjoying assets of over USD1.3 billion.
The firm writes that their growth has come in just 16 months and that research released this month by CryptoCompare shows that BTCE is the most traded listed crypto ETP with average daily trading volumes of USD26.3 million, more than seven times its nearest competitor.
Bradley Duke, CEO of ETC Group says: “ETC Group’s leadership position is testament to the focus we have on delivering the highest quality crypto exchange traded products, and ensuring that we partner with the industry’s leading market makers, custodians, and exchanges to provide both retail and institutional investors highly liquid, transparent, regulated and secure exposure to the world’s leading cryptocurrencies. We’re delighted to be leading the charge for Europe, whose regulatory regime, multiple exchanges across different countries, and investor awareness has put it at the forefront of exchange traded cryptocurrency investment.”
ETC Group now lists Bitcoin, Ethereum, Litecoin and Bitcoin Cash ETCs across multiple exchanges in Europe and is planning to expand its suite of products to meet investor demand for digital asset-backed investments on Europe’s financial markets.