Crypto investment firm ETC Group is launching an Ethereum exchange-traded product (ETP) on Deutsche Borse’s Xetra tomorrow, with ZETH as its ticker. This will be its second crypto investment product, following on from its Bitcoin ETP, according to a press release.
An exchange-traded product is a security that can be traded, where its value depends on an underlying security. In this case, the Ethereum ETP will be tracked to the price of Ethereum, allowing investors to gain exposure to the volatile cryptocurrency’s price, without needing to buy it themselves.
The firm launched its Bitcoin ETP in June 2020. Since then, its assets under management have increased to $1 billion. According to the release, ETC Group’s Bitcoin ETP was the most traded product out of the exchange-traded notes listed on Xetra in the second half of 2020.
Find out more and start buying Ethereum
