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Physical LTC ETF Is Coming To German Xetra Exchange: Report

A physical LTC ETF is coming to the German Xetra exchange as the demand for the “digital silver” is picking up so let’s see more in our latest Litecoin news.

The ETC group which is a specialist provider of crypto-backed securities said it will list the Physical LTC ETF on the XETRA platform according to a press release. It follows the success of the Group’s BTC product which reached over $1 billion in assets in seven months after the listing and proved that the demand for the products is rising with investors dabbling in crypto without regulatory and safety concerns.

ETPs are listed on the regulated exchange and the investors can purchase them through regulated brokerages. These are some of the most robust ways to trade and to invest in crypto and can be easily traded by investors in the same way as traditional equities. ETC Group’s ELTC is an asset-backed debt security issued in Germany and it will now track the price of Litecoin while allowing investors to invest in crypto in a regulated and safe manner. The ETP is the first LTC product to be listed on Xetra as per the CEO of ETC Group Bradley Duke:

 “Litecoin has grown by 342% 6 in the past 12 months and is the ninth-largest cryptocurrency by market capitalization at $14.6 billion 7 with growing interest from institutional and retail investors. It’s often talked about as the silver to Bitcoin’s gold. In contrast to previous rallies in cryptocurrencies, the current one is the first to be supported by both retail and institutional investors, making this the ideal time to launch ELTC.”

Duke noted that the COVID-stricken economy and uncertainty caused investors to consider investing in the crypto market because they both offer opportunities for diversification from traditional assets while still providing a hedge against inflation. This sentiment has been shared by high-profile investors like Paul Tudor Jones and companies like Tesla or Microstrategy. In the meantime, the LTC product is a third crypto ETC from the company. Back in April, we saw the release of ETC group Physical Ethereum ETC that tracked the price of ETH which was the first ETP to be listed on the Deutsche Brose.

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The launch came after the huge success of the ETC Group’s first product which launched also on Xetra last June. It has since seen the assets under management grow to over $1 billion in less than a year. BTCE had a turnover of $925 million on Xetra with a market share of 79.4% of ETN segment on the platform.

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