On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
According to the ETC Group, the ETPs are “100% physically backed and central counterparty cleared.”
London-based financial services firm ETC Group will list its entire portfolio of crypto exchange-traded products (ETPs) offering exposure to Bitcoin (BTC), Ether (ETH) and Litecoin (LTC) on Austria’s national stock market.
In a Wednesday announcement, the ETC Group said the Wiener Börse, or Vienna Stock Exchange, would be listing three of its crypto exchange-traded products that are “100% physically backed and central counterparty cleared.” These include the firm’s carbon-neutral Bitcoin product, a Litecoin-based product and its Ether ETP.
The ETC Group has already made similar listings on stock exchanges in London, Paris, Amsterdam, Zurich and Frankfurt. The ETPs are aimed at allowing investors exposure to crypto with the regulatory protections afforded to traditional stocks. Previously stating that its crypto product was like trading Bitcoin “through an ETP structure,” the firm said its offerings are not the same as an exchange-traded fund, as they’re single asset instruments.
The Market Maker on the Vienna Stock Exchange will be Lang & Schwarz, with the crypto products distributed by ETP provider HANetf. Despite the name, the ETC Group has no connection to the cryptocurrency Ethereum Classic.
Related: Popular Bitcoin ETP set to debut in UK
While firms including the ETC Group have been rolling crypto ETPs across Europe this year, exchange-traded funds in the United States are still in a type of regulatory purgatory as the Securities and Exchange Commission (SEC) has yet to approve any applications. VanEck, Valkyrie Digital Assets, Fidelity Investments and others have submitted paperwork with the regulatory body to apply for crypto ETFs, but the SEC has always delayed its decision or instead opened the application to public comments.
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