Bringing you live news and features since 2006 

Global X announces listing of the Global X Bitcoin ETP (BTCX) and the Global X Ethereum ETP (ETHX) on London Stock Exchange

RELATED TOPICS​

Global X ETFs has announced the listing of two of its digital asset ETPs, the Global X Bitcoin ETP (BTCX) and the Global X Ethereum ETP (ETHX) on London Stock Exchange. This comes two weeks after announcing a fee waiver on the respective products currently listed on SIX Swiss Exchange and Deutsche Börse Xetra.

The firm writes that the digital asset space has scaled from a decentralised currency to a digital economy. “Bitcoin is a finite supply asset with a substantial network of users that have come to an agreement on its value as a form of money that cannot be controlled by a singular entity. While the bitcoin network provided a framework for a decentralised payment channel, the use case for digital assets has expanded to allow for the creation of applications that leverage the advantages of blockchain technology. Ethereum is a leading blockchain ecosystem with utility across a wide range of applications including transactions, smart contracts, and NFTs.

“BTCX and ETHX are physically backed exchange-traded products that seek to capture the long-term growth potential of bitcoin and Ethereum respectively. They provide cost-efficient access to bitcoin and Ethereum, with the relative transparency and security of debt securities trading on a regulated stock exchange. Coinbase Custody International Ltd. operates as the secure cryptocurrency custodian for BTCX and ETHX. The fee waiver, which will also apply to BTCX and ETHX, will last until 3rd January 2025 and then going forward the arranger fee for both products will stand at 0.29 per cent.”

“Cryptocurrencies offer a path to invest in the potential of a permission-less, decentralised, and transparent infrastructure. Backed by blockchain technology, cryptocurrencies can scale, revolutionise, and improve traditional sectors,” says Rob Oliver, Head of Business Development at Global X ETFs. “We are thrilled to deliver on our mission to provide investors with beyond ordinary solutions and provide the UK market with access to Bitcoin and Ethereum through secure and regulated exchange-traded product wrappers. This fee reduction demonstrates our continued commitment to the European market and its investors.”

Latest News

Tradeweb reports the following data derived from trading activity on the Tradeweb Markets institutional European- and US-listed ETF platforms...
iShares writes that its assets under management have reached USD4 trillion. The firm says this comes off the back of..
BlackRock projects that global active ETF assets under management (AUM) will quadruple to USD4 trillion by 2030, from USD900 billion..
HANetf has announced the launch of Exchange-Traded Europe, a new quarterly review including new data, trends, and analysis of the..

Related Articles

Chris Lo, Columbia Threadneedle
In a recent insight on India by Columbia Threadneedle Investments, the firm reports that the country’s economic reforms, which aim...
With an election on the horizon in the United States a group of ETFs is poised to capture investments on...
Robot worker
Qraft Technologies, based in South Korea, specialises in the use of AI in security selection and portfolio construction....
Andrea Busi, Directa SIM
Romain Thomas talks to Andrea Busi (pictured), CEO of Directa SIM, who explains why the online trading platform has just...
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