BTCE

ETC Group Physical Bitcoin

Physical Bitcoin exposure with safe custody and the liquidity of an exchange traded product.

Case for Crypto ETCs

Easier crypto access

Unlike directly investing in cryptocurrencies, ETCs require no cryptocurrency wallet, unless investors wish to redeem for the underlying coin.

Regulated exchanges

Crypto ETCs can trade on regulated European exchanges e.g. XETRA, or SIX. Market participants are strictly vetted and monitored, preventing market abuse unlike largely unregulated cryptocurrency exchanges.

Safe custody

Underlying cryptocurrencies can be safely stored by regulated custodians, built for digital assets.

Case for Bitcoin ETC

An easier way to invest in Bitcoin

Unlike directly investing in Bitcoin, BTCE needs no cryptocurrency wallet, unless investors wish to redeem BTCE for Bitcoin. Your units of BTCE are safely held with your broker or bank.

Invest in Bitcoin on a regulated exchange

The Bitcoin ETC trades on regulated European exchanges e.g. XETRA, SIX. Investors can trade with confidence knowing that market participants are vetted and monitored, preventing market abuse unlike largely unregulated cryptocurrency exchanges.

Safe custody

The Bitcoin is stored with BitGo Trust Company, a secure, regulated custodian, built for digital assets. Strict KYC and AML standards ensure the provenance of all custodied cryptocurrency is vetted.

As of 20.06.2024

Product Objective

ETC Group Physical Bitcoin (BTCE) is an exchange traded cryptocurrency (ETC) that tracks the price of Bitcoin. Each unit of BTCE is 100% physically backed by Bitcoin, and trades on European exchanges, providing investors with a safer and liquid way to gain exposure to Bitcoin. Each unit of BTCE gives the holder a claim on a predefined amount of Bitcoin. BTCE is issued by ETC Group and marketed and distributed by HANetf.

Key Information

Inception Date08/06/2020
Base currencyUSD
Value of Bitcoin Holding$1,313,160,662
TER200 bps
Replication MethodPhysically Allocated Bitcoin
DomicileGermany
ISINDE000A27Z304

Key Risks

Investors’ capital is at risk and investors may not get back the amount originally invested and should obtain independent advice before making a decision. Any decision to invest should be based on the information contained in the relevant prospectus. ETC securities are structured as debt securities, not as equity. For a complete overview of all the risks, please refer to the “Risk Factors” in the Prospectus.

Product Information

TickerBTCE
Asset ClassDigital Assets

Net Asset Values

NAV$59.79
Value of Bitcoin Holding$1,313,160,662
Shares Outstanding21,963,377
Issuer AUM$1,511,014,288
Entitlement Per Security0.0009215517

Product Structure

UCITS CompliantNo
UCITS EligiblePlease contact HANetf
ISA Eligible*Yes
SIPP Eligible*Yes
UK Fund Reporting StatusYes

* only for professional investors investing via this wrapper in UK

Key Service Providers

CustodianBitGO Trust Company & Zodia Custody (Ireland) Limited
TrusteeThe Law Debenture Trust Corporation plc
IssuerETC Issuance GmbH
RegistrarClearstream Banking AG

Registrations

Austria
Czech Republic
Denmark
Finland
France
Germany
Ireland
Italy
Luxembourg
Netherlands
Norway
Poland
Spain
Sweden
Switzerland
Croatia
Cyprus
Estonia
Greece
Portugal
Slovakia
Slovenia
United Kingdom

Listings & Codes

ExchangeTickerRICSEDOLCCYListing Date
XetraBTCF GYBTCF.DEBMFCDV6$2021-11-26
XetraBTCE GYBTCE.DEBMWSLR92020-06-18
SIXBTCEUSD SEBTCEUSD.SBLB3S55$2021-01-13
SIXBTCEGBP SEBTCEGBP.SBLB3S66£2021-01-13
SIXBTCECHF SEBTCECHF.SBLB3S772021-01-13
AmsterdamBTCE NABTCE.ASBN0ZB13$2021-06-01
Aquis AmsterdamBTCED QE--2021-06-07
Aquis UKBTCED QX--$2021-06-07
Aquis UKBTCECZ QX-BLB3S772021-06-07
Aquis UKBTCEGZ QX-BLB3S66£2021-06-07
CBOE NLBTCED I2BTCEd.DXEBNM7CN62022-07-28
Euronext ParisBTCE FPBTCE.PABN0ZB022021-06-01
Wiener BoerseBTCE AVDE000A27Z304=VIBN4RH622021-08-18
Exchange Xetra
Ticker BTCF GY
RIC BTCF.DE
SEDOL BMFCDV6
CCY $
Listing Date 2021-11-26
Exchange Xetra
Ticker BTCE GY
RIC BTCE.DE
SEDOL BMWSLR9
CCY
Listing Date 2020-06-18
Exchange SIX
Ticker BTCEUSD SE
RIC BTCEUSD.S
SEDOL BLB3S55
CCY $
Listing Date 2021-01-13
Exchange SIX
Ticker BTCEGBP SE
RIC BTCEGBP.S
SEDOL BLB3S66
CCY £
Listing Date 2021-01-13
Exchange SIX
Ticker BTCECHF SE
RIC BTCECHF.S
SEDOL BLB3S77
CCY
Listing Date 2021-01-13
Exchange Amsterdam
Ticker BTCE NA
RIC BTCE.AS
SEDOL BN0ZB13
CCY $
Listing Date 2021-06-01
Exchange Aquis Amsterdam
Ticker BTCED QE
RIC -
SEDOL -
CCY
Listing Date 2021-06-07
Exchange Aquis UK
Ticker BTCED QX
RIC -
SEDOL -
CCY $
Listing Date 2021-06-07
Exchange Aquis UK
Ticker BTCECZ QX
RIC -
SEDOL BLB3S77
CCY
Listing Date 2021-06-07
Exchange Aquis UK
Ticker BTCEGZ QX
RIC -
SEDOL BLB3S66
CCY £
Listing Date 2021-06-07
Exchange CBOE NL
Ticker BTCED I2
RIC BTCEd.DXE
SEDOL BNM7CN6
CCY
Listing Date 2022-07-28
Exchange Euronext Paris
Ticker BTCE FP
RIC BTCE.PA
SEDOL BN0ZB02
CCY
Listing Date 2021-06-01
Exchange Wiener Boerse
Ticker BTCE AV
RIC DE000A27Z304=VI
SEDOL BN4RH62
CCY
Listing Date 2021-08-18

Performance

BTCE (Fund)XBTUSD CFIX (Index)
1M9.98%13.21%
3M6.75%9.99%
6M77.32%79.22%
YTD57.91%60.76%
12M144.41%150.12%
3Y72.73%83.27%
Since Inception (08/06/2020)540.37%597.14%

NAV

Source: HANetf, data as of 31.05.2024. Please note that all performance figures are showing net data. The underlying benchmark is “Bitcoin”, performance is in USD. Past performance is not an indicator for future results and should not be the sole factor of consideration when selecting a product. Investors should read the prospectus of the Issuer (“Prospectus”) before investing and should refer to the section of the Prospectus entitled “Risk Factors” for further details of risks associated with an investment in this product. If product is less than 12 months old, YTD field will be calculated since inception. When you invest in ETCs your capital is at risk.

Holdings As of 20.06.2024

Index Details

Knowledge hub

Explore our expert-written monthly fund reports, periodic reviews, and key insights.

Video

Explore the latest video from ETC Group on the the projects they have undertaken to offset the carbon impact on Bitcoin.

About Partner

ETC Group brings together financial services professionals with experience spanning both the worlds of digital assets and regulated markets with a single goal: to make investing in crypto-currencies easy, transparent and safe. Much has been said but little done in delivering what the institutional investor wants and expects in this space. In developing this platform, the team at ETC has taken every care to deliver products with integrity that address the very real concerns that many investors have in trading unregulated assets.
United within ETC Group is one of the world’s largest electronic market makers, two London-based FCA- regulated brokers and a team of experienced financial services professionals all bringing network and know-how to the venture.

In the traditional sense, ETC stands for “exchange traded commodity”. ETC Group branded the venture under the ETC brand hijacking the traditional acronym and turning it into “exchange traded crypto” (“ETC”). Products such as BTCE are structured like bonds and come with all the perks of trading on regulated exchange.

How to Buy