ETC Group, a company specializing in providing innovative, digital asset-backed securities, has recently revealed that its BTCE Bitcoin product will be available to trade on the Aquis Exchange MTFs in London and Paris from June 7, 2021.
This will be the first cryptocurrency exchange traded product (ETP) available to be traded on any UK market or any European MTF.
Trading will take place in GBP, CHF, Euro and USD. SIX x-clear will be the sole CPP providing central clearing.
“Investors are increasingly accepting digital assets as a bona fide asset class and giving them a place in balanced investment portfolios. Aquis has a history of innovation and is responding to client demand for these assets in an agile way allowing traders to access them in a liquid, regulated environment,” said Alasdair Haynes, CEO of Aquis Exchange.
According to a research by ETC Group, 53% of European professional investors stated their preference to trade Bitcoin via an ETP. Aquis can help BTCE reach a wider group of investors and have it benefit from the exchange’s unique and innovative trading features.
We have seen many investors recognise the benefits of including secure crypto ETPs like BTCE in their portfolios as an effective hedge against inflation. ETC Group provides exposure to bitcoin, ether, and litecoin through our 100% physically backed cryptocurrency ETPs, and bringing our flagship bitcoin product to Aquis Exchange was a logical step as institutional demand for exposure to crypto grows around the world,” said Bradley Duke, CEO of ETC Group.
BTCE is backed by a network of Authorized Participants (APs) and Market Makers with considerable experience in crypto markets and the ETP markets. Traders can purchase freely without worrying about the market impact as the APs ensure on-exchange liquidity and tight spreads.
The trading of BTCE on Aquis Exchange will be available only to professional investors.