This highly active and liquid market is typified by firms like ETC Group, one of the largest of their kind, in AuM terms.
ETC recently listed their Core Bitcoin ETP (Ticker: BTC1), featuring a unique 'Tri-NAV', based on CF Benchmarks' three Bitcoin Reference Rate variants.
We were fortunate enough to sit down with ETC's Head of Product, Chanchal Samadder, CFA, in the latest episode of CFB Talks Digital Assets, for the most informed take on Europe's crypto product market around.
Click below to catch the episode on your favourite platforms:
The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell any of the underlying instruments cited including but not limited to cryptoassets, financial instruments or any instruments that reference any index provided by CF Benchmarks Ltd. This communication is not intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. Please contact your financial adviser or professional before making an investment decision.
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Factor Friday: beta faded, with the Market down -0.81%, while capital reached down the risk curve. Liquidity led at +1.36% and Size followed at +1.07%, both sign-inverted, and Downside Beta anchored the field at -2.69%. All three point risk-seeking, and selection set returns, not direction.

Mark Pilipczuk
The CF Free-Float Broad Cap Index rose 4.44% in July as Bitcoin and Ether supplied 5.07 points of a 4.44% return. Softer inflation and new Ethereum exchange-traded product access carried the large-capitalization core, while 18 of 32 constituents fell and free-float weighting produced the gain.

Mark Pilipczuk
Changes to the Token Market Price Benchmarks Series - Market Prices – 04 August 2026

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