White & Case advises ETC Group on first crypto ETP based on Ethereum total return index

Global law firm White & Case LLP has advised ETC Group, Europe’s leading provider of digital asset-backed securities, on the expansion of its product portfolio to include the first Ethereum staking exchange traded product (ETP) based on a total return index.

Like the company’s other exchange traded commodities (ETCs), including the world’s first centrally cleared Bitcoin ETP and the first Crypto ETC tracking an MSCI Index, the new product, which tracks the performance of the Compass Ethereum Total Return Monthly Index, is traded in fiat currency and connects the crypto market with the traditional stock market, allowing trading with a secure and liquid product on regulated markets.

The new product is listed on the German stock exchange XETRA. The product is 100 percent physically backed by Ether, which is securely held at a regulated custodian.

ETC Group was founded in 2019 to provide investors with the tools to access the investment opportunities of the digital assets and blockchain ecosystem. The company develops innovative digital asset-backed securities including ETC Group Physical Bitcoin (BTCE) and ETC Group MSCI Digital Assets Select 20 ETP (DA20), which are listed on European exchanges including XETRA, Euronext, SIX, AQUIS UK and Wiener Börse.

The White & Case team in Frankfurt which advised on the transaction included partner Karsten Wöckener, local partner Claire-Marie Mallad and associate Daniel Sander.

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