Vienna Stock Exchange to List ETP Crypto ETC Group

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London-based financial services firm ETC Group will list its entire portfolio of exchange-traded crypto products (ETP) offering exposure to Bitcoin (BTC), Ether (ETH) and Litecoin (LTC) on the Austrian national stock market.

In an announcement on Wednesday, the ETC Group said the Wiener Brse, or Vienna Stock Exchange, would list three of its exchange-traded crypto products that are 100% physically backed and cleared by the central counterparty. These include carbon neutral Bitcoinproduct companies, a product based on Litecoin and its EtherETP.

The ETC group has already made similar listings on the London, Paris, Amsterdam, Zurich and Frankfurt stock exchanges. ETPs aim to allow investors to gain exposure to crypto with the regulatory protections afforded to traditional stocks. Previously stating that its crypto product was like trading Bitcoin through an ETP structure, the company said its offerings are not the same as an exchange-traded fund, as they are single-asset instruments.

The market maker on the Vienna Stock Exchange will be Lang & Schwarz, with crypto products distributed by ETP provider HANetf. Despite its name, the ETC group has no connection with the Ethereum Classic cryptocurrency.

Related: Popular Bitcoin ETP Set To Debut In UK

While companies, including the ETC Group, have launched crypto ETPs across Europe this year, exchange-traded funds in the United States are still in a sort of regulatory purgatory as the Securities and Exchange Commission (SEC) has not approved any requests yet. VanEck, Valkyrie Digital Assets, Fidelity Investments and others have submitted documents to the regulator asking for crypto ETFs, but the SEC has always delayed its decision or instead opened the request to public comment.

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