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Bitcoin breaks records as imminent Coinbase Global Inc listing makes crypto the sector to watch
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HanETF hails creation of Litecoin ETP by ETC Group
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Tesla Inc. (NASDAQ:TSLA) has decided to accept it as a payment method.
One Record After Another: Bitcoin (BTC) almost reached the $50,000 mark, stopping just one step away from the finish line at $49,716.44. As it’s always the case when it comes to cryptocurrencies, volatility is still very high, but the increase in price – between ups and downs – has been a constant trend since September. After the record high reached at the end of 2017, Bitcoin value collapsed to $4,000. Today, it reached again the highest level, increasingly attracting interest among both private and institutional investors.
When It All Began: It was 2009 when Satoshi Nakamoto created the most famous cryptocurrency in the world. Unlike a fiat currency, it is not distributed by a central bank, but it’s based on a network of PCs that distributes it based on a cryptography mechanism that is used to validate transactions. Another feature is the limited amount: only 21 million Bitcoins are available on
ETC Group and
BTCetc Bitcoin Exchange Traded Crypto is to list in Zurich on
SIX Swiss Exchange.
This will be the ETP’s second listing after it debuted on Deutsche Börse’s
Xetra platform with ticker
BTCE GY in June 2020.
The Swiss listing will be available to trade in three currencies: US dollars (USD), Swiss francs (CHF), and pound sterling (GBP).
BTCE is 100% physically backed and provides investors with a secure and transparent way to gain exposure to the largest cryptocurrency by market capitalization.
The product offers several potential advantages over investing directly in bitcoin. These include being traded on transparent, regulated markets; enabling investors to effectively contract-out the technical challenges of purchasing and storing bitcoin, and imparting an additional layer of liquidity in the form of on-exchange trading.
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