Bankhaus Scheich introduces for the first time an Ethereum-based Exchange Traded Note (ETN) of ETC Group to the Regulated Market Frankfurt

Frankfurt am Main, March 2021

ETC Group, a leading provider in cryptocurrency-based financial products, has successfully launched and introduced its new Ethereum-based ETN to Frankfurt’s Regulated Market. Bankhaus Scheich has for the first time acted as applicant for the admission process and will be the specialist on Frankfurt’s Stock Exchange. This new product is fully-backed and fully-fungible with the cryptocurrency Ethereum, enabling investors to benefit from a centrally cleared (Eurex Clearing), regulated and listed product within a strongly growing segment. Due to the increasing appetite among different groups of investors, further ETN series are expected to follow soon.