BTCE, the European leader in physical Bitcoin ETC announces its carbon neutrality | Business

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LONDON – (BUSINESS WIRE) – July 2, 2021–

ETC Group today announced that its main ETP crypto BTCetc – ETC Group Physical Bitcoin (BTCE) will be the first Bitcoin ETP to become carbon neutral. ETC Group will offset the carbon footprint of BTCE, its flagship Bitcoin ETP, with hand-selected high-quality carbon credits, offsetting the CO 2 e 1 emissions associated with BTCE Bitcoin’s mining and transaction activities. These carbon credits will support projects organized and managed by some of the world’s most respected climate and conservation groups.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210702005260/en/

ETC Group’s Bitcoin Carbon Offsetting Initiative (Photo: Business Wire)

This latest innovation follows a series of other world premieres. BTCE rose to prominence when it became the first crypto ETP approved by German regulator BaFin, and the world’s first traded crypto exchange product when it was listed on the Deutsche Brse XETRA exchange. Germany in June 2020 2. BTCE is the most heavily traded in Europe physically backed. Bitcoin ETP3.

ETC Groups co-founder and CEO Bradley Duke said companies benefiting from cryptocurrencies like bitcoin are right to take meaningful action to address climate concerns. We’re excited to see bitcoin miners increasingly sourcing renewable electricity, but we at ETC Group believe it’s important to do more and act now. That’s why we launched our initiative to calculate the carbon footprint of our bitcoin products and offset it through high-quality projects organized and monitored by some of the world’s most respected climate action companies.

ETC Group will fund nature-based, carbon sequestration and renewable energy projects to offset all of its bitcoin-related Scope 3 emissions since the launch of BTCE, and will continue to do so on a quarterly basis. ETC Group also announced that it will join the Crypto Climate Accord, a group that actively seeks to evolve the entire crypto industry towards low-carbon, net-zero mining and operations by 2040. .

For more information on the initiative, visit www.etc-group.com or contact us at [email protected]

Cryptocurrencies are very volatile and your capital is at risk: https://etc-group.com/resources/disclaimer/etcgroupdisclaimer.pdf

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About ETC Group

ETC Group (www.etc-group.com) specializes in the development of innovative digital asset-backed securities and is supported by a number of leading financial institutions based in London. Shareholders include companies such as XTX Ventures, the venture capital arm of electronic market-making company XTX Markets. ETC Groups securities are marketed by HANetf.

1 Carbon dioxide equivalent or CO2e is a term to describe different greenhouse gases in a common unit. For any amount and type of greenhouse gas, CO2e means the amount of CO2 that would have the equivalent impact on global warming.

2https: //www.xetra.com/xetra-en/newsroom/press-releases/list-press-releases/World-s-first-centrally-cleared-Bitcoin-ETN-launched-on-Xetra-2062116

3https: //www.boerse-frankfurt.de/en/etfs | https://www.hanetf.com/article/740/btcetc-etc-group-physical-bitcoin-btce-is-leading-european-bitcoin-exchange-traded-product-with-45966-million-inflows-in- q1-2021

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210702005260/en/

CONTACT: Paul Cockerton

[email protected]

KEYWORD: UNITED KINGDOM EUROPE

INDUSTRY KEYWORD: PROFESSIONAL SERVICES ENVIRONMENT TECHNOLOGY OTHER TECHNOLOGY ALTERNATIVE ENERGY ENERGY FINANCE

SOURCE: ETC Group

Copyright Business Wire 2021.

PUB: 07/02/2021 09:53 / DISC: 07/02/2021 09:53

http://www.businesswire.com/news/home/20210702005260/en

Copyright Business Wire 2021.

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