ETC 集團推出 BTC1：透過第一個全球現貨 ETP 徹底改變比特幣投資

德意志交易所 XETRA 在比特幣 (BTC) 上推出新的 ETP BTC1，重點關注基準意識和長期投資者。 BTC1 提供成本效率（TER 為 0.30%）、採用 Tri-NAV 方法的流動性擴展以及使用 CF Benchmarks 的參考利率準確性。 ETP 由 ETC Group 設計，是第一個基於比特幣的全球現貨 ETP，主要在 XETRA 上上市，並可在其他平台上使用。

ETC Group Revolutionizes Bitcoin Investment with BTC1, the First Global Spot ETP

ETC 集團推出首個全球現貨 ETP BTC1，徹底改變比特幣投資

London, United Kingdom - 27th July 2023 - ETC Group, the leading provider of institutional digital asset investment products, has announced the launch of BTC1, a groundbreaking Exchange-Traded Product (ETP) that offers unprecedented exposure to Bitcoin (BTC) for long-term investors. Listed on Deutsche Börse XETRA, BTC1 delivers a suite of innovative features designed to meet the sophisticated needs of institutional clients.

英國倫敦- 2023 年7 月27 日- 機構數位資產投資產品的領先提供商ETC 集團宣布推出BTC1，這是一款突破性的交易所交易產品(ETP)，為長期投資者提供前所未有的比特幣( BTC) 曝險。 BTC1 在德意志交易所 XETRA 上市，提供一系列創新功能，旨在滿足機構客戶的複雜需求。

A Tailored Solution for Long-Term Investors

為長期投資者量身訂製的解決方案

BTC1 is meticulously crafted to cater to the unique requirements of buy-and-hold investors and global institutional clients. Its competitive Total Expense Ratio (TER) of 0.30% provides cost efficiency in the European market, while its meticulous tracking of the institutional-grade Bitcoin price benchmark ensures accuracy and reliability in tracking market movements.

BTC1 經過精心設計，以滿足買入並持有投資者和全球機構客戶的獨特需求。其具有競爭力的 0.30% 總費用比率 (TER) 在歐洲市場提供了成本效率，而其對機構級比特幣價格基準的細緻跟踪確保了跟踪市場走勢的準確性和可靠性。

Unparalleled Liquidity: Tri-NAV Methodology

無與倫比的流動性：Tri-NAV 方法論

ETC Group's BTC1 boasts a unique Tri-NAV methodology that extends primary market liquidity to institutional investors, covering BTC spot liquidity across different markets. This groundbreaking approach enables price determinations three times throughout the day, significantly expanding liquidity beyond traditional stock exchange hours. As a result, institutional investors can trade their holdings for extended periods, exceeding any other regulated vehicle in the global primary market for Bitcoin spot.

ETC Group 的 BTC1 擁有獨特的 Tri-NAV 方法，將一級市場流動性擴展到機構投資者，涵蓋不同市場的 BTC 現貨流動性。這種突破性的方法可以在一天內進行三次價格確定，從而在傳統股票交易時間之外顯著擴大流動性。因此，機構投資者可以長期交易其持有的資產，這比全球比特幣現貨一級市場上任何其他受監管的工具都多。

Global Spot Exposure: A First-of-Its-Kind

全球現貨曝光：史無前例

According to ETC Group, BTC1 is the first global spot ETP on Bitcoin, providing a comprehensive solution for investors seeking exposure to the asset class. Its extended liquidity and risk management features cater to the specific challenges of Bitcoin's fragmented liquidity, ensuring that investors can access the market with confidence.

據 ETC Group 稱，BTC1 是全球首個比特幣現貨 ETP，為尋求投資該資產類別的投資者提供全面的解決方案。其擴展的流動性和風險管理功能迎合了比特幣流動性分散的具體挑戰，確保投資者能夠充滿信心地進入市場。

Wide Accessibility and Institutional Acceptance

廣泛的可及性和機構接受度

BTC1 will be available for trading on XETRA and numerous other platforms, adding to HANetf's pan-European ETP distribution platform. This broad accessibility will empower institutional clients with flexible access to Bitcoin investment.

BTC1 將可在 XETRA 和眾多其他平台上進行交易，加入 HANetf 的泛歐洲 ETP 分銷平台中。這種廣泛的可訪問性將使機構客戶能夠靈活地獲得比特幣投資。

ETC Group: A Pioneer in Digital Asset Investment

ETC集團：數位資產投資先鋒

ETC Group has established itself as a leader in the digital asset investment sector, offering a range of ETPs on Bitcoin, Ethereum, and other prominent cryptocurrencies. The company's expertise in bridging the traditional financial market with the burgeoning crypto market has earned it widespread recognition.

ETC 集團已成為數位資產投資的領導者，提供一系列比特幣、以太幣和其他知名加密貨幣的 ETP。該公司在連接傳統金融市場與新興加密貨幣市場方面的專業知識贏得了廣泛認可。

Industry Leaders Applaud BTC1

業界領袖對 BTC1 表示讚賞

"At ETC Group, we are committed to driving the advancement of cryptocurrency investment," said Tim Bevan, CEO of ETC Group. "The launch of BTC1 represents a groundbreaking proposition that introduces the first globally oriented Bitcoin ETP to the market, with extended liquidity and risk management features that our clients demand. We are proud to lead the industry once again and believe that BTC1 has the potential to transform the landscape for institutional investors."

ETC 集團執行長 Tim Bevan 表示：“在 ETC 集團，我們致力於推動加密貨幣投資的進步。” 「BTC1 的推出代表了一個突破性的主張，它將第一個面向全球的比特幣ETP 推向市場，並具有客戶所需的擴展流動性和風險管理功能。我們很自豪能夠再次引領行業，並相信BTC1 有潛力改變機構投資者的格局。

Chanchal Samadder, Product Manager at ETC Group, added, "BTC1 is 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."

ETC 集團產品經理Chanchal Samadder 補充說：「BTC1 是比特幣投資產品發展過程中的一個重要里程碑。BTC1 專為具有基準意識和長期投資者而設計，提供了成本效益、準確性和安全性的獨特結合。

"BTC1 epitomizes the innovation that ETC Group is known for," said Julian Sawyer, CEO of Zodia Custody, a leading European provider of institutional-grade cold wallet custody. "This ETP meets the critical demand for secure and compliant digital asset custody, empowering institutions to confidently embrace the future of digital assets."

歐洲領先的機構級冷錢包託管提供商 Zodia Custody 首席執行官 Julian Sawyer 表示：“BTC1 體現了 ETC 集團聞名的創新。” “該 ETP 滿足了對安全、合規的數位資產託管的關鍵需求，使機構能夠自信地擁抱數位資產的未來。”

Deutsche Börse XETRA: A Global Trading Hub

德意志交易所 XETRA：全球交易中心

Deutsche Börse, the operator of the Frankfurt Stock Exchange, provides a robust platform for the trading of ETC Group's BTC1 ETP. XETRA, Deutsche Börse's flagship trading platform, boasts a significant share of the German stock market and is recognized as one of the largest stock exchanges worldwide.

法蘭克福證券交易所的營運商德意志交易所為 ETC 集團的 BTC1 ETP 交易提供了強大的平台。 XETRA是德意志交易所的旗艦交易平台，在德國股票市場佔有重要份額，被公認為全球最大的證券交易所之一。

Benchmark and Liquidity: A Cornerstone of Stability

基準與流動性：穩定的基石

ETC Group has meticulously addressed the challenges of Bitcoin's fragmented liquidity through the development of a robust benchmark that aggregates liquidity from various exchanges. This approach ensures accurate and reliable price determination for investors. BTC1 leverages the institutional reference rate of the Bitcoin CF from CME (BRR) as its benchmark, ensuring the highest standards of market representation.

ETC Group 透過開發一個強大的基準來聚合來自各個交易所的流動性，精心解決了比特幣流動性分散的挑戰。這種方法確保投資者準確可靠的價格決定。 BTC1以CME（BRR）的比特幣CF機構參考利率為基準，確保最高標準的市場代表性。

Extended Liquidity: A Competitive Advantage

擴大流動性：競爭優勢

BTC1's Tri-NAV methodology expands liquidity beyond the limitations of traditional ETFs and ETPs. By providing three liquidity pools over a 14-hour period, investors gain access to a significantly extended window for trading. This unparalleled liquidity enhances market depth, reduces volatility, and empowers investors with greater flexibility in managing their positions.

BTC1 的 Tri-NAV 方法擴大了流動性，超越了傳統 ETF 和 ETP 的限制。透過在 14 小時內提供三個流動性池，投資者可以獲得顯著延長的交易窗口。這種無與倫比的流動性增強了市場深度，降低了波動性，並使投資者能夠更靈活地管理其部位。

Conclusion

結論

BTC1, the latest innovation from ETC Group, has set a new benchmark in institutional Bitcoin investment. Its comprehensive suite of features, including competitive pricing, benchmark-driven accuracy, and extended liquidity, meets the evolving needs of long-term investors and global institutions. As the digital asset market continues to mature, BTC1 is poised to play a pivotal role in the institutional adoption of Bitcoin, further solidifying ETC Group's position as a thought leader and innovator in the digital asset ecosystem.

BTC1是ETC集團的最新創新，為機構比特幣投資樹立了新標竿。其全面的功能，包括有競爭力的定價、基準驅動的準確性和擴展的流動性，可以滿足長期投資者和全球機構不斷變化的需求。隨著數位資產市場的不斷成熟，BTC1 預計將在比特幣的機構採用中發揮關鍵作用，進一步鞏固 ETC 集團作為數位資產生態系統思想領袖和創新者的地位。