ETC Group has launched three crypto exchange-traded products (ETPs) via white-label ETF issuer HANetf.
The ETC Group Physical Avalanche ETP (AVAL), the ETC Group Physical Cosmos ETP (ATME) and the ETC Group Physical Polygon ETP (MTCE) are listed on the Six Swiss Exchange and the Deutsche Boerse with total expense ratios (TERs) of 1.95%.
It takes the firm’s range of crypto ETPs to eight. Last September, it launched the ETC Group Physical Bitcoin Cash ETP (BTCH) to go alongside its ethereum, solana, cardano, polkadot and litecoin ETPs.
AVAL tracks the price of Avalanche’s AVAX governance token – used to transact on the Avalanche network – which is capped at 720 million. The network aims to be a platform on which any type of asset can be traded in a decentralised manner.
ATME tracks Cosmos’s ATOM governance token, a decentralised global network that connects independently run blockchains, while MTCE tracks Polygon’s MATIC governance token, an etheruem sidechain network.
Bradley Duke, founder and co-CEO of ETC Group, said: “Investors are increasingly interested in adding some of the newer, innovative cryptocurrencies to their portfolios – especially those amassing large market cap.
“The addition of these ETCs offers investors high quality, physically backed digital assets, underpinned by our partnerships with liquidity providers to deliver liquidity and tight trading spreads.”
Earlier this month, the firm launched Europe’s first metaverse ETF, the ETC Group Global Metaverse UCITS ETF (METR), which listed on the London Stock Exchange.