昨天，ETC 集團(tuán)宣布推出 BTC1，這是一個(gè)在德意志交易所 XETRA 上市的比特幣 (BTC) 全球 ETP。

這是一款新的比特幣 ETP，專(zhuān)為專(zhuān)注于基準(zhǔn)的長(zhǎng)期投資者而設(shè)計(jì)。

新的比特幣 (BTC) ETP 在德意志交易所上市

ETC Group 核心比特幣 ETP（股票代碼 BTC1；ISIN DE000A4AER62）是一款交易所交易產(chǎn)品，專(zhuān)為長(zhǎng)期買(mǎi)入并持有投資者以及具有廣泛流動(dòng)性和風(fēng)險(xiǎn)管理需求的全球機(jī)構(gòu)投資者而設(shè)計(jì)。

ETC 集團(tuán)過(guò)去已經(jīng)推出了多個(gè)類(lèi)似的工具，目前管理的資產(chǎn)管理規(guī)模超過(guò) 1.5 億美元。

BTC1的總費(fèi)用率（TER）為0.30%，因此在歐洲市場(chǎng)的成本效率方面具有競(jìng)爭(zhēng)優(yōu)勢(shì)。以基準(zhǔn)為中心，利用 CF Benchmarks 追蹤機(jī)構(gòu)級(jí)比特幣價(jià)格基準(zhǔn)，確保追蹤 BTC 價(jià)格走勢(shì)的準(zhǔn)確性和可靠性。

這是一款全球現(xiàn)貨產(chǎn)品，在一級(jí)市場(chǎng)提供大量流動(dòng)性，從而填補(bǔ)了美國(guó)、歐洲和亞洲市場(chǎng)不同交易窗口期間的現(xiàn)貨流動(dòng)性。

它采用獨(dú)特的 Tri-NAV 方法，為機(jī)構(gòu)投資者提供了一個(gè)擴(kuò)展的一級(jí)市場(chǎng)流動(dòng)性窗口，涵蓋不同市場(chǎng)的 BTC 現(xiàn)貨流動(dòng)性。

因此，除了經(jīng)典的證券交易所開(kāi)放時(shí)間外，發(fā)行人還提供了一天中的三種價(jià)格確定（而不是只有一種），以擴(kuò)大其他時(shí)區(qū)一級(jí)市場(chǎng)的流動(dòng)性。

這意味著機(jī)構(gòu)投資者可以在全球一級(jí)市場(chǎng)比特幣現(xiàn)貨上比任何其他受監(jiān)管工具更長(zhǎng)時(shí)間地交易其持有的資產(chǎn)。

據(jù) ETC Group 稱(chēng)，這使得 BTC1 成為全球首個(gè)比特幣現(xiàn)貨 ETP。

BTC1將在XETRA和許多其他平臺(tái)上進(jìn)行交易，并將添加到HANetf的泛歐洲ETP發(fā)行平臺(tái)中。

ETC集團(tuán)

ETC Group 位于德國(guó)，提供數(shù)字資產(chǎn)領(lǐng)域的高水平投資產(chǎn)品。

他們的交易所交易產(chǎn)品有實(shí)物支持，并充當(dāng)傳統(tǒng)受監(jiān)管金融市場(chǎng)和加密貨幣市場(chǎng)之間的橋梁。到目前為止，他們已經(jīng)發(fā)行了比特幣、以太坊和其他重要加密貨幣的 ETP。

2020年6月，該公司推出了歐洲首個(gè)市場(chǎng)集中清算的比特幣ETP，在德國(guó)發(fā)行，并始終在歐洲最大的ETF交易市場(chǎng)德國(guó)證券交易所XETRA上市。

BTC1 也是在德國(guó)發(fā)行，在 XETRA 上主要上市，100% 實(shí)物覆蓋，并與標(biāo)的資產(chǎn)完全可互換。

ETC Group 在 Zodia Custody 持有數(shù)字資產(chǎn)，Zodia Custody 是歐洲領(lǐng)先的機(jī)構(gòu)級(jí)冷錢(qián)包托管提供商之一，具有銀行級(jí)合規(guī)和治理框架。

The CEO of ETC Group, Tim Bevan, has stated:

“At ETC Group, we want to advance the cryptocurrency investment sector and the launch of BTC1 represents a unique proposal. With BTC1, we are introducing the first globally oriented Bitcoin ETP to the market, with extended liquidity and risk management features that our clients need. We are proud to be the first to launch another market and believe that BTC1 has the potential to uniquely serve institutional investors with the best features in the category.”

The Product Manager of ETC Group, Chanchal Samadder, added:

“BTC1 represents a significant milestone in the evolution of Bitcoin investment products. Designed with benchmark-conscious and long-term investors in mind, BTC1 offers a unique blend of cost efficiency, accuracy, and extended primary market liquidity, setting a new standard in the Bitcoin ETP market.”

The CEO of Zodia Custody, Julian Sawyer, commented saying:

“It’s one breakthrough after another with our innovative colleagues at ETC Group. BTC1, just launched, represents exactly what institutions have been looking for when increasing the adoption of digital assets, and we are doing our part to ensure they can do so with the highest security and compliance through bank-level custody. Together, we continue to be at the forefront of building a truly solid ecosystem for a mature digital asset sector”.

Deutsche B?rse XETRA and the new ETP on Bitcoin (BTC)

Deutsche B?rse is the company that operates the Frankfurt Stock Exchange, and XETRA is its fully electronic trading platform on which 90% of stock trades in Germany take place.

The Frankfurt Stock Exchange was actually founded in 1585, and XETRA is now one of the largest stock exchanges in the world and the third in Europe.

Deutsche B?rse was created only in 1992, but in continuity with Frankfurter Wertpapierb?rse, the company created just two years earlier to manage the Frankfurt Stock Exchange.

On the official XETRA website, in addition to all traditional investment products, there is now also a specific section dedicated to crypto ETNs.

Regarding BTC1, they state that this new ETN allows investors to obtain low-cost exposure to Bitcoin, and that it uses the institutional reference rate of the Bitcoin CF from CME (BRR) as the benchmark market for the spot price of BTC.

They also declare that BTC1 is physically guaranteed and admitted to the regulated market of the Frankfurt Stock Exchange.

Benchmark and liquidity

The benchmark and liquidity are important for this type of products, because liquidity on Bitcoin is fragmented across many exchanges, which complicates price determination for investors.

For this reason, they wanted to develop a more robust benchmark that aggregates this liquidity, and that uses the BRR index and its US and Asian variants BRRY and BRRAP.

BTC1 利用了該基準(zhǔn)的所有三個(gè)區(qū)域變體，使機(jī)構(gòu)投資者能夠準(zhǔn)確、安全地監(jiān)控比特幣的價(jià)格，最終在 14 小時(shí)內(nèi)提供對(duì)三個(gè)流動(dòng)性池的訪問(wèn)（與所有其他 ETF 和傳統(tǒng) 8 小時(shí)窗口相比） ETP）。

熱點(diǎn)：BTC 比特幣 特幣 交易