Apex Group is providing ETC Group with administrative support and trustee services for BTCetc ETC Group Physical Bitcoin, an exchange traded cryptocurrency (ETC) that tracks the price of Bitcoin, distributed by HANetf Limited. The ETC, which is listed on Deutsche Börse’s XETRA and SIX Swiss Exchange, has gathered >USD1.2bn AuM since launch in June 2020. Apex was mandated by ETC Group to provide trustee oversight services to ensure delivery on payment. Apex will also provide back-office administration support services, reconciling subscription/redemption activity for the note.
