Litecoin $LTCUSD Target PTs 285-305 and higher
Litecoin ETC to List on Deutsche Boerse
Earlier this month, asset manager CoinShares launched a new physically backed Litecoin ETP on the Swiss SIX exchange.
London-based ETC Group announced Monday it will list a physical litecoin (LTC, -1.27%) exchange-traded commodity (ETC (-3.88%)) on Deutsche Boerse’s Xetra market, based in Frankfurt, on April 14.
The new “ETC Group Physical Litecoin ETC” product will be a central counterparty cleared exchange-traded product (ETP) and will track the price of the litecoin cryptocurrency.
The litecoin ETC goes live on Wednesday and will trade under the ticker “ELTC” and have a management fee of 2%. The product is marketed and distributed by HANetf.
“Litecoin has grown by 342% in the past 12 months and is the ninth-largest cryptocurrency by market capitalization at $14.6 billion with growing interest from institutional and retail investors,” said Bradley Duke, CEO of ETC Group.
Earlier this month, asset manager CoinShares launched a new physically backed litecoin ETP on the Swiss SIX exchange.
In March, the ETC Group listed a Physical Ethereum ETC on Deutsche Boerse’s Xetra market which tracks the price of ether (ETH, +0.14%).
Earlier this month, asset manager CoinShares launched a new physically backed Litecoin ETP on the Swiss SIX exchange.
London-based ETC Group announced Monday it will list a physical litecoin (LTC, -1.27%) exchange-traded commodity (ETC (-3.88%)) on Deutsche Boerse’s Xetra market, based in Frankfurt, on April 14.
The new “ETC Group Physical Litecoin ETC” product will be a central counterparty cleared exchange-traded product (ETP) and will track the price of the litecoin cryptocurrency.
The litecoin ETC goes live on Wednesday and will trade under the ticker “ELTC” and have a management fee of 2%. The product is marketed and distributed by HANetf.
“Litecoin has grown by 342% in the past 12 months and is the ninth-largest cryptocurrency by market capitalization at $14.6 billion with growing interest from institutional and retail investors,” said Bradley Duke, CEO of ETC Group.
Earlier this month, asset manager CoinShares launched a new physically backed litecoin ETP on the Swiss SIX exchange.
In March, the ETC Group listed a Physical Ethereum ETC on Deutsche Boerse’s Xetra market which tracks the price of ether (ETH, +0.14%).