Institutional Crypto ETP Provider ETC Group Reaches $2B AUM

ETC Group, Europe’s leading specialist provider of institutional-grade, digital asset-backed securities, announced that its total Assets Under Management (AUM) has crossed the significant marker of US $2 billion for the first time.

According to the official press release, this follows significant recent developments by ETC Group.

The Group was the first company to make its leading Bitcoin ETC carbon neutral, and the first issuer to list a Crypto ETP on a UK stock exchange. With a Germany domiciled issuer, its Bitcoin product BTCE was the first crypto product to be centrally cleared when it listed on XETRA5. In addition, recently, BTCE became the underlying product of Europe’s first Futures contracts announced by Eurex, Europe’s largest derivatives exchange.

“The pace with which we’ve hit $2 billion AUM, with our leading Bitcoin ETP now over $1.6 billion AUM, indicates continuing increased awareness amongst investors of Crypto ETPs, as well as a clear preference for high quality, physically backed and regulated securities that faithfully track the underlying crypto. Our continuing success and leadership in the crypto market is testament to not only our team’s considerable efforts and focus on quality and innovation, providing securities that are attractive to investors, but also our partnerships with leading service providers,” said Bradley Duke, CEO of ETC Group.