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ETC Group to launch five new crypto ETCs

Thursday, December 02, 2021
Opalesque Industry Update - ETC Group, the specialist provider of institutional-grade digital asset-backed securities is delighted to announce that it would list five new exchange traded cryptocurrencies (ETCs) on Deutsche Borse XETRA in December 2021.

The new crypto ETCs include Polkadot (Ticker: PLKA), Solana (Ticker: ESOL), Stellar (Ticker: STLR), Tezos (Ticker: EXTZ) and Cardano (Ticker: RDAN).

The ETCs will be issued by ETC Group for primary EUR and USD listings and marketed and distributed by HANetf.

The ETCs provide investors with significant benefits over direct investment in digital assets, including:

Simple trading, with no digital wallet required

Investors can buy and sell like any stock or ETF through their regular broker or bank. No new account needed, products have a ticker and ISIN and can be added to an investor's conventional stock portfolio.

Institutional-grade asset custody

The underlying digital asset is kept in cold-storage at a regulated custodian, and all assets are secured by an independent trustee, thus eliminating issuer default risk, a common feature for physical ETC structures.

100 % backed & physical redemption

Investors are legally entitled to the underlying digital asset, and can redeem the ETC for the ?ryptocurrency, alternatively to selling on exchange, hence providing pure exposure to the underlying.

Regulated and listed on major exchanges

Issued in Germany under German regulatory oversight, the ETCs' primary listing is on XETRA, the largest ETF exchange in Europe.

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