Deutsche Börse’s Xetra will launch Bitcoin ETP this month

London-based investment company ETC Group will launch a centralized clearing Bitcoin Exchange Trading Product (ETP) “BTCE” on the Xetra electronic trading market of Deutsche Börse later this month. This ETP is 100% backed by physical bitcoin and will be distributed and sold using HANetf’s issuance business. Bradley Duke, CEO of ETC Group, said, “Through BTCE, we are transferring bitcoin to the regulated mainstream financial market.” Chain heard that in March of this year, German regulator BaFin officially recognized cryptocurrency as a financial instrument.

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