ETC Group, a London-based financial services provider, will list its full crypto exchange-traded product portfolio on Austria’s national stock exchange, including Bitcoin, Ether, and Litecoin exposure.
The ETC Group said the Wiener Börse, or Vienna Stock Exchange, will list three of its crypto exchange-traded products, or ETPs, that is “100% physically backed and central counterparty cleared,” in a statement released on Wednesday.
The company’s carbon-neutral Bitcoin (BTC) product, a Litecoin (LTC)-based product, and an Ether (ETH) ETP are among them.
Similar listings by the ETC Group have already taken place on stock exchanges in London, Paris, Amsterdam, Zurich, and Frankfurt.
The ETPs are designed to provide crypto investors with the same regulatory safeguards as traditional equities. The firm clarified that its crypto product is not the same as an exchange-traded fund because it is a single asset instrument, despite previously stating that it was like trading Bitcoin “through an ETP structure.”
Lang & Schwarz will be the market maker on the Vienna Stock Exchange, with crypto goods distributed through ETP provider HANetf. The ETC Group is unrelated to the cryptocurrency Ethereum Classic, despite its name.
While companies such as the ETC Group have been rolling out crypto ETPs across Europe this year, the Securities and Exchange Commission has yet to approve any applications for exchange-traded funds in the United States.
The SEC has received documentation from VanEck, Valkyrie Digital Assets, Fidelity Investments, and others to register for crypto ETFs, but the SEC has consistently delayed its judgment or instead opened the application to public comment.
