ET32

ETC Group Ethereum Staking ETP

ETC Group Ethereum Staking ETP (ET32) provides exposure to the performance of ETH, while capturing staking rewards.

Case for a Ethereum Staking ETP

100% physical backing

Units of ET32 are 100% physically backed by Ethereum (ETH) held securely in cold storage. The private keys never leave custody even during staking.

100% transparent total return

Holders of ET32 receive all staking rewards, which are added to the Crypto Entitlement (ETH amount per ETP unit) at the end of each trading day, net of a small 10% Staking Service Fee.

Liquidity

Investors in ET32 enjoy daily liquidity on the stock exchange and are not limited by lock-up periods or other technical challenges of crypto staking.

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.

As of 24.06.2024

Product Objective

ETC Group Ethereum Staking ETP (ET32) offers investors exposure to the performance of ETH, while capturing staking rewards. ET32 is an institutional-grade, low cost, and liquid vehicle to leverage ETH staking. The ETP is 100% physically backed by ET32 is specially designed to prioritise investor outcomes. It is the first truly cost-effective, liquid and transparent staking ETP tracking a staking index. Anchored by a real benchmark, investors can accurately evaluate Ethereum staking opportunities, and clearly assess performance. ET32 is issued by ETC Group and distributed by HANetf.

Key Information

Inception Date27/02/2024
Base currencyUSD
Net Assets of Fund$4,028,076
TER*65 bps
Replication MethodPhysical Replication
DomicileGermany
ISINDE000A3G90G9

* The issuer has reduced the Management Fee as well as the Staking Service Fee to 0% until further notice. Read the full issuer announcement here.

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. ETP securities are structured as debt securities, not as equity. ETPs trade on exchanges like securities. They are bought/sold at market prices which may be different to the net asset value of the ETP.

Product Information

TickerET32
Asset ClassDigital Assets

Net Asset Values

NAV$6.66
Net Assets of Fund$4,028,076
Shares Outstanding604,687
Issuer AUM$1,394,075,794

Product Structure

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

* only for professional investors investing via this wrapper in UK

Key service providers

CustodianZodia Custody (Ireland) Limited
IssuerETC Issuance GmbH

Registrations

Austria
Czech Republic
Denmark
Finland
France
Germany
Ireland
Italy
Luxembourg
Netherlands
Norway
Poland
Spain
Sweden
Switzerland
Portugal
Malta

Listings & Codes

ExchangeTickerRICSEDOLCCYListing Date
XetraET33 GYET33.DEBSMP8Z9$2024-02-27
XetraET32 GYET32.DEBSMP8Y82024-02-27
Exchange Xetra
Ticker ET33 GY
RIC ET33.DE
SEDOL BSMP8Z9
CCY $
Listing Date 2024-02-27
Exchange Xetra
Ticker ET32 GY
RIC ET32.DE
SEDOL BSMP8Y8
CCY
Listing Date 2024-02-27

Returns

ET32 (Fund)ETHTR90M (Index)
1M25.93%26.05%
3M9.20%4.29%
6M-79.69%
YTD16.69%11.45%
12M-100.00%
3Y--
Since Inception (27/02/2024)16.69%11.45%

Performace chart

NAV

HANetf, data as of 31.05.2024. Please note that all performance figures are showing net data. The underlying benchmark is “Ethereum”, 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 24.06.2024

Methodology

Compass Ethereum Total Return Monthly Index (ETHTR) measures the return generated by an investment in Ether while staking on the Ethereum blockchain. 100% of the index is staked, and staking rewards are compounded daily.

Index Details

IndexCompass Ethereum Total Return Monthly Index
Index CurrencyUSD
Index ProviderCompass Financial Technologies SA
Index TickerETHTR90M

Knowledge hub

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

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 worlds 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