ETC Group’s Bitcoin ETP Reaches $ 49 Million In Assets Under Management In Two Months Finance – Bitcoin News

ETC Group’s Bitcoin ETP Reaches $ 49 Million In Assets Under Management In Two Months Finance – Bitcoin News

Etc Group said on Wednesday that its centrally cleared Bitcoin exchange traded product (ETP) has accumulated up to $ 49 million in assets under management since its launch on June 18, 2020.

The contract, known as Bitcoin Exchange Traded Crypto (BTCE), tracks the price of BTC and is physically backed 100% by the cryptocurrency.

It started trading on Deutsche Börse’s Xetra electronic trading…

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