ETC launches first bitcoin futures contract on Eurex

Related Topics

Digital ETP issuer ETC Group has announced the debut and live listing of Europe’s first bitcoin futures contract on Eurex, Europe’s largest derivatives exchange.  

BTCetc - ETC Group Physical Bitcoin is marketed and distributed by HANetf. Bitcoin ETN Futures, which has been created and launched by Eurex, is based on ETC Group’s BTCetc - ETC Group Physical Bitcoin (ticker: BTCE). 

The new futures contract will trade in Euros and be physically delivered in BTCE, which is 100 per cent backed by bitcoin and can be readily redeemed by any investor for the underlying bitcoin. BTCE launched on Deutsche Börse XETRA in June 2020, and is now listed on multiple European exchanges as well as becoming the first European Crypto ETP product to offset its carbon footprint earlier this year.  

Bradley Duke, CEO of ETC Group says: “Today’s listing of Bitcoin Futures, based on, BTCetc - ETC Group Physical Bitcoin, ETC Group’s leading bitcoin ETP,  marks another major milestone in providing institutions with financial products that allow exposures to crypto on regulated exchanges. The selection of BTCE by Eurex, Europe’s largest derivatives exchange, further establishes ETC Group’s leadership in the crypto ETPs, and is recognition of the quality of our products and liquidity.” 

Bitcoin ETN Futures allows investors to track the price development of bitcoin in a fully regulated on-exchange environment and based on a transparent price discovery of the underlying BTCE. Structured in a similar way as physical Gold ETCs, with an equivalent physical redemption mechanism in place, bitcoin ETN futures are centrally cleared like any other derivatives traded on Eurex. Eurex’s standard clearing, netting, and risk management processes thereby come into effect, mitigating counterparty risk and reducing operational costs for market participants.

Author Profile
Beverly Chandler
Employee title
Managing Editor