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Ethereum ETP to List on Deutsche Borse

Listing Tuesday, the ETP will track the price of ether and trade under the ticker “ZETH.”

Updated Sep 14, 2021, 12:22 p.m. Published Mar 8, 2021, 12:57 p.m.

London-based ETC Group is to list an Ethereum exchange-traded product (ETP) on Deutsche Borse’s Xetra market, based in Frankfurt, Germany.

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The new "ETC Group Physical Ethereum ETC" product will track the price of ether and trade under the ticker “ZETH” when it goes live Tuesday. An ETC is an exchange-traded commodity, a kind of ETP.
ZETH will be a central counterparty-cleared product structured as an asset-backed debt security distributed on the HANetf platform. The management fee will be 1.49%.
“Institutional investors are demanding regulated crypto products that are secure, liquid, and central counterparty cleared and ETC Group is building products that adhere to the complex and exacting standards of the institutional investor,” said Bradley Duke, CEO of ETC Group.
In June, ETC Group listed its "Bitcoin Exchange Traded Crypto" ETP, also on the Deutsche Borse’s Xetra.
The bitcoin product has now amassed over $1 billion in assets under management, said the firm.

Ethereum Deutsche Börse CoinFlash ETPs

Tanzeel Akhtar

Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.