bitcoinworld.co.in
Popular Bitcoin ETP set to debut in the United Kingdom. BTCE is about to begin trading on the Aquis exchange in London and Paris next week. Moreover, the product debuted on Germany Xetra digital stock exchange last June.
ETC
The Cryptocurrency investment manager ETC group plans to expand its Bitcoin exchange-traded product offering in the UK. This process done after harnessing Swiss market rules to bypass more stringent British regulations.
Physical Bitcoin
Moreover, the ETC group physical Bitcoin ETP, trades under the ticker symbol BTCE. It will begin trading on the Aquis exchange in London and Paris on June 7. The company announced this on Tuesday.
BTCE
After launching, BTCE will become the first cryptocurrency ETP to trade in the UK. ETC group is providing exposure to Bitcoin and Litecoin through their 100% physically backed cryptocurrency ETP.
Flagship
In addition, bringing their flagship Bitcoin product to Aquis exchange was a logical step as institutional demand for exposure to Crypto grows around the world. Bradley Duke, the CEO of the ETC group, says that investors are already using the product as an effective hedge against inflation.
Alasdair Haynes
Alasdair Haynes, the CEO of Aquis Exchange, also described cryptocurrency as a bona fide asset class that gives investors more options for achieving a balanced portfolio.
History
He further added that Aquis has a history of innovation and responds to client demand for such assets in an agile way that allows traders to access them in a liquid regulated environment.