ETC 集团推出 BTC1：通过第一个全球现货 ETP 彻底改变比特币投资

德意志交易所 XETRA 已在比特币 (BTC) 上推出新的 ETP BTC1，重点关注基准意识和长期投资者。 BTC1 提供成本效率（TER 为 0.30%）、采用 Tri-NAV 方法的流动性扩展以及使用 CF Benchmarks 的参考利率准确性。 ETP 由 ETC Group 设计，是第一个基于比特币的全球现货 ETP，主要在 XETRA 上上市，并可在其他平台上使用。

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

ETC 集团推出首个全球现货 ETP BTC1，彻底改变比特币投资

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.

英国伦敦 - 2023 年 7 月 27 日 - 机构数字资产投资产品的领先提供商 ETC 集团宣布推出 BTC1，这是一款突破性的交易所交易产品 (ETP)，为长期投资者提供前所未有的比特币 (BTC) 敞口。期限投资者。 BTC1 在德意志交易所 XETRA 上市，提供一系列创新功能，旨在满足机构客户的复杂需求。

A Tailored Solution for Long-Term Investors

为长期投资者量身定制的解决方案

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 经过精心设计，以满足买入并持有投资者和全球机构客户的独特需求。其具有竞争力的 0.30% 总费用比率 (TER) 在欧洲市场提供了成本效率，而其对机构级比特币价格基准的细致跟踪确保了跟踪市场走势的准确性和可靠性。

Unparalleled Liquidity: Tri-NAV Methodology

无与伦比的流动性：Tri-NAV 方法论

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 拥有独特的 Tri-NAV 方法，将一级市场流动性扩展到机构投资者，涵盖不同市场的 BTC 现货流动性。这种突破性的方法可以在一天内进行三次价格确定，从而在传统股票交易时间之外显着扩大流动性。因此，机构投资者可以长期交易其持有的资产，这比全球比特币现货一级市场上任何其他受监管的工具都多。

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

全球现货曝光：史无前例

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.

据 ETC Group 称，BTC1 是全球首个比特币现货 ETP，为寻求投资该资产类别的投资者提供全面的解决方案。其扩展的流动性和风险管理功能迎合了比特币流动性分散的具体挑战，确保投资者能够充满信心地进入市场。

Wide Accessibility and Institutional Acceptance

广泛的可及性和机构接受度

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 将可在 XETRA 和众多其他平台上进行交易，加入到 HANetf 的泛欧洲 ETP 分销平台中。这种广泛的可访问性将使机构客户能够灵活地获得比特币投资。

ETC Group: A Pioneer in Digital Asset Investment

ETC集团：数字资产投资先锋

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 集团已成为数字资产投资领域的领导者，提供一系列比特币、以太坊和其他知名加密货币的 ETP。该公司在连接传统金融市场与新兴加密货币市场方面的专业知识赢得了广泛认可。

Industry Leaders Applaud BTC1

行业领袖对 BTC1 表示赞赏

"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 集团首席执行官 Tim Bevan 表示：“在 ETC 集团，我们致力于推动加密货币投资的进步。” “BTC1 的推出代表了一个突破性的主张，它将第一个面向全球的比特币 ETP 推向市场，并具有客户所需的扩展流动性和风险管理功能。我们很自豪能够再次引领行业，并相信 BTC1 有潜力改变机构投资者的格局。”

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 集团产品经理 Chanchal Samadder 补充道：“BTC1 是比特币投资产品发展过程中的一个重要里程碑。BTC1 专为具有基准意识和长期投资者而设计，提供了成本效益、准确性和安全性的独特结合。扩大了一级市场的流动性，为比特币 ETP 市场树立了新标准。”

"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."

欧洲领先的机构级冷钱包托管提供商 Zodia Custody 首席执行官 Julian Sawyer 表示：“BTC1 体现了 ETC 集团闻名的创新。” “该 ETP 满足了对安全、合规的数字资产托管的关键需求，使机构能够自信地拥抱数字资产的未来。”

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.

法兰克福证券交易所的运营商德意志交易所为 ETC 集团的 BTC1 ETP 交易提供了强大的平台。 XETRA是德意志交易所的旗舰交易平台，在德国股票市场占有重要份额，被公认为全球最大的证券交易所之一。

Benchmark and Liquidity: A Cornerstone of Stability

基准和流动性：稳定的基石

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 通过开发一个强大的基准来聚合来自各个交易所的流动性，精心解决了比特币流动性分散的挑战。这种方法确保投资者准确可靠的价格确定。 BTC1以CME（BRR）的比特币CF机构参考利率为基准，确保最高标准的市场代表性。

Extended Liquidity: A Competitive Advantage

扩大流动性：竞争优势

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 方法扩大了流动性，超越了传统 ETF 和 ETP 的限制。通过在 14 小时内提供三个流动性池，投资者可以获得显着延长的交易窗口。这种无与伦比的流动性增强了市场深度，降低了波动性，并使投资者能够更灵活地管理其头寸。

Conclusion

结论

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集团的最新创新，为机构比特币投资树立了新标杆。其全面的功能，包括有竞争力的定价、基准驱动的准确性和扩展的流动性，可以满足长期投资者和全球机构不断变化的需求。随着数字资产市场的不断成熟，BTC1 有望在比特币的机构采用中发挥关键作用，进一步巩固 ETC 集团作为数字资产生态系统思想领袖和创新者的地位。