Opalesque Industry Update – ETC Group, the specialist provider of innovative, digital asset-backed securities, has announced that it will
list LTCetc – ETC Group Physical Litecoin ETC (Ticker: ELTC) on Deutsche Boerse’s XETRA platform on
Wednesday 14th April 2021. The exchange traded cryptocurrency is structured as an asset-backed debt
security issued in Germany, and is marketed and distributed by HANetf.
ETC Group´s Physical Litecoin ETC (Ticker: LITE) will track the price of Litecoin providing investors with an
institutional grade product gain exposure to the Litecoin cryptocurrency. ELTC is the first Litecoin product
to be listed on Xetra and will be central counterparty cleared .
The launch follows the huge success of ETC Group’s first product – BTCetc Bitcoin Exchange Traded Crypto
(ticker BTCE) – launched on XETRA last June, which has seen its assets under management grow to over $1
billion in just seven months . BTCE had a turnover of 925million EUR on Xetra in February with a market
share of 79.4% of the ETN segment of Xetra and was the most traded ETP across the whole of Xetra .
It’s the third crypto ETC from ETP Group – earlier this month it listed ETC Group Physical Ethereum ETC
(Ticker: ZETH) which tracks the price of Ether and was the first Ethereum ETP to be listed on the Deutsche
Borse. ZETH traded over $1million in its first week of launch and had spreads of just 23 basis points.
This growing range of crypto ETCs provides investors with several benefits over investing directly in the
cryptocurrencies they track. Traded on regulated markets, investors can buy and sell the ETCs in the same
way they would when trading conventional shares, with the identical regulatory protections in place. ELTC
will be central counterparty cleared (CCP). The first time Lite Coin will be central counterparty cleared
globally. Central counterparty clearing, is absent in underlying crypto currency markets, but is a feature that
investors expect when trading an ETP on a regulated exchange, as it greatly reduces counterparty risk when
trading. ELTC has a management fee of 2%.
Bradley Duke, CEO of ETC Group said: “Litecoin has grown by 342% 6 in the past 12 months and is the nineth
largest cryptocurrency by market capitalisation at $14.6 billion 7 with growing interest from institutional and
retail investors. It’s often talked about as the silver to Bitcoin’s gold.
“The current economic uncertainty has underlined the attraction of crypto assets for investors as they offer
opportunities for diversification from traditional assets such as equities and bonds, and strong hedging
qualities against inflation. But it is a crowded market with more than 8,700 cryptocurrencies 8 , making it
difficult for investors to select assets and to store and manage them.
“Our physically backed Bitcoin ETC (BTCE) was designed to provide investors with a safer and more
transparent way to gain exposure to Bitcoin and we are now able to offer the same benefits to Litecoin with
the listing of ETC Group Physical Litecoin ETC in addition to the ETC Group Physical Ethereum ETC ,which
launched earlier this month.
“Institutional investors are demanding regulated crypto products that are secure, liquid and central
counterparty cleared and ETC Group is building products that adhere to the complex and exacting standards
of the institutional investor.
“Traditional markets will remain volatile for some time, fuelling demand for alternatives such as
cryptocurrencies. In contrast to previous rallies in cryptocurrencies, the current one is the first to be
supported by both retail and institutional investors, making this the ideal time to launch ELTC.”
Past performance is no guarantee of future performance. Cryptocurrencies are highly volatile, and your
capital is at risk.
Hector McNeil, co-Founder and co-CEO at HANetf, said “We are excited to be supporting the ongoing
expansion at ETC Group and the launch of their third crypto ETC with the listing of ETC Group Physical
Litecoin ETC. ETC Group is firmly established as a market leader in offering investment products focused on
crypto assets. The huge success of their first product, BTCE, which reached over $1 billion in assets in just
over seven months since listing 3 demonstrates the growing demand for products which enable investors to
avoid concerns about the technical challenge of buying and storing cryptocurrencies. ETPs are listed on a
regulated Exchange and investors buy them through regulated brokerages. This is arguably the most robust
way to trade and invest in crypto currencies.”