Digital asset investment specialist ETC Group has launched a new directly backed bitcoin ETP in Europe, offering enhanced liquidity compared to competing products. The ETC Group Core Bitcoin ETP (BTC1 GY), which comes with an expense ratio of 0.30%, has been listed on Deutsche Börse Xetra in euros. ETC Group notes that bitcoin’s liquidity is vast but fragmented across multiple exchanges, complicating price determination for investors. To combat this, ETC Group has introduced a unique ‘Tri-NAV’ methodology with BTC1 providing three price determinations throughout the day (instead of just one), bridging primary market ... (full story)