Digital asset manager ETC Group has launched an institutional-grade Tezos exchange-traded product (ETP) on Europe’s Deutsche Börse XETRA.
Under the ticker symbol EXTZ, the Tezos ETP is launched on Europe’s largest ETF trading venue, Deutsche Börse Xetra, a market for German equities and exchange-traded funds which is available to investors of 16 EU countries.
Bradley Duke, founder, and co-CEO of ETC Group commented:
“We’re responding to demand from institutional investors who’re looking to invest in Bitcoin and Ethereum challengers by adding the Tezos based ETC to our portfolio. Tezos has developed a solid reputation as a blockchain-based platform used for the execution of smart contracts, cross-border payments, and decentralized apps. Its on-chain governance model perhaps makes it one of the most democratic platforms in the crypto sector, and is increasingly popular amongst investors.”
The company also plans to launch ETP based on Polkadot, Solana, Stellar, and Cardano.
On November 9, the volume of assets under the management of the ETC Group exceeded $2 billion, of which $1.6 billion falls on Bitcoin-ETP.
We are proud to announce that @ETC_Crypto has reached $2 Billion AUM!
We would like to thank our supportive customers, investors, partners and our team for this incredible milestone.Read more: https://t.co/GWP7cNNnjA #UK #Bitcoin #Crypto #ETCGroup pic.twitter.com/E6NRdsnRU4
— ETC Group (@ETC_Crypto) November 9, 2021
The first Tezos-backed ETP was launched in November 2019 on the Swiss SIX Exchange by digital asset manager 21Shares AG.
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