London-based investment firm ETC Group will list a Bitcoin based security on DE market.
Deutsche Borse’s Xetra market based in Frankfurt, Germany is the spot where its gonna go live and they have all green lights.
Each BTCE share grants the holder a right to a predefined amount of Bitcoin. When selling, the shares can optionally be paid out in Bitcoin. This structure is very similar to the already established structure of physically deposited gold ETCs. For each outstanding security, physical bitcoins are held with a regulated depositary, taking institutional security standards into account
It will be kind of bitcoin ETF from what we can read just skipping some laws. WIll it pump or dump like CME did? We will see.
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