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Litecoin ETC to List on Deutsche Boerse
Earlier this month, asset manager CoinShares launched a new physically backed Litecoin ETP on the Swiss SIX exchange.
London-based ETC Group announced Monday it will list a physical litecoin exchange-traded commodity (ETC) on Deutsche Boerse’s Xetra market, based in Frankfurt, on April 14.
STORY CONTINUES BELOW
- The new “ETC Group Physical Litecoin ETC” product will be a central counterparty cleared exchange-traded product (ETP) and will track the price of the litecoin cryptocurrency.
- The litecoin ETC goes live on Wednesday and will trade under the ticker “ELTC” and have a management fee of 2%. The product is marketed and distributed by HANetf.
- “Litecoin has grown by 342% in the past 12 months and is the ninth-largest cryptocurrency by market capitalization at $14.6 billion with growing interest from institutional and retail investors,” said Bradley Duke, CEO of ETC Group.
- Earlier this month, asset manager CoinShares launched a new physically backed litecoin ETP on the Swiss SIX exchange.
- In March, the ETC Group listed a Physical Ethereum ETC on Deutsche Boerse’s Xetra market which tracks the price of ether.
Read more: CoinShares Launches Litecoin ETP
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.
