Swiss SIX Exchange, Switzerland’s principal stock exchange, continues to expand its crypto products with a new Bitcoin (BTC) exchange-traded product, or ETP.
On Jan. 13, SIX launched trading of the BTCetc Bitcoin ETP (BTCE), a new crypto ETP product issued by London-based investment firm ETC Group. The newly listed ETP tracks the price of Bitcoin, providing investors with a new way to get exposure to the world’s largest cryptocurrency. Each BTCE unit provides holders with a claim on a predefined amount of BTC.
ETC Group specializes in building new digital asset-backed securities and is backed by shareholders like XTX Markets’s venture capital arm XTX Ventures and financial services firm ITI Capital.
SIX is one of the world’s biggest ETP trading platforms, listing a wide number of crypto investment products. After listing the world’s first crypto ETP in late 2018, SIX has been actively introducing diverse ETPs including several products backed by 21Shares. In July 2020, SIX listed the Bitcoin