Financial services entity from London ETC Group reportedly plans to complete the listing of its full portfolio of crypto (ETPs) offering exposure on Austria’s national stock market.

Specifically, the ETC Group reportedly revealed its initiative to finalize the listing on the Wiener Börse – also known as the  Vienna Stock Exchange – of three of its crypto exchange-traded products (ETPs) – Bitcoin (BTC), Ether (ETH) and Litecoin (LTC), and are “100% physically backed and central counterparty cleared.” 

The ETC Group has reportedly carried out listings of the same kind in the past across exchanges in London, Paris, Amsterdam, Zurich and Frankfurt. 

The ETPs primarily focus on offering crypto exposure to crypto for investors, with the same level of regulatory protections similar to traditional stocks.

The company, which claimed its crypto to have the same nature as trading Bitcoin via “an ETP structure” in the past, reportedly stated that its services function in a different way compared to an exchange-traded fund, since they are single asset instruments.

Lang & Schwarz will reportedly be taking up the role of market maker on the Vienna Stock Exchange, with the distribution of crypto offerings taken care of by the ETP provider HANetf. Regardless of the name, the ETC Group shares no association with the cryptocurrency Ethereum Classic.

While companies such as the ETC Group have reportedly been introducing ETPs throughout Europe in 2021, US-based exchange-traded funds (ETFs) are still suffering, regulation-wise, with the SEC has not granted any approval to any applications.