The German stock market Deutsche Börse XETRA will offer you bitcoin from in a few days. Investors and traders can exchange a kind of a physically aided ETC. That writes the Handelsblatt.
Not just for German btc people
Based on the newspaper, the ETC Group will offer you the Bitcoin Exchange Traded Crypto (BTCE) around the Deutsche Börse’s digital buying and selling platform. Users in the United kingdom, Italia and Austria may also have the ETC whether it goes live.
An exchange traded commodity (ETC) offers traders and investors recycleables for example metals, energy, animals and for that reason also bitcoin. These ETCs are traded as shares on exchanges and also the cost fluctuations derive from the cost changes from the underlying goods from the ETC.
Based on physical bitcoins
Bitcoin ETC begins with full approval from German financial regulators and it is 100% supported by physical bitcoins. Which means that every ETC also represents real bitcoins. The American BitGo offers the storage services, investors can purchase these ETCs and also have them compensated in fiat money or perhaps in bitcoins.
This news comes under three several weeks after German financial regulator BaFin announced they consider cryptocurrency as legitimate financial instruments. The Bitcoin ETC is going to be marketed and distributed via HANetf. They formerly released Europe’s first medical cannabis ETC. This really is mentioned inside a HANetf pr release of 9 June:
“Investors don’t suffer from the technical challenges of purchasing and storing bitcoin … and there’s you don’t need to manage cryptographic keys or cope with blockchain technology.”