CF Benchmarks
CF benchmarks logo

May 22, 2024

CFB Talks Digital Assets Episode 25: We launched it here first! Europe's thriving crypto ETP market, with ETC Group's Chanchal Samadder, CFA

With this year's launch of US digital asset funds in the spotlight, it's easy to overlook the fact that spot crypto ETPs have been around for far longer in Europe!

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.

Some highlights

  • How BTC1's exclusive Tri-NAV provides primary market participants with the ultimate flexibility for Bitcoin transactions, in a regulated wrapper, across the global trading day
  • How BTC1 differs from Europe's first centrally cleared Bitcoin ETP, launched by ETC in 2020, and still the most traded BTC fund in the region
  • Insights on Europe's institutional crypto investment outlook: the evolution of demand for large-caps, and why diversified index product growth stands out

Click below to catch the episode on your favourite platforms:

Listen on Spotify

Watch on YouTube

Listen on Apple Podcasts

Watch on Vimeo


Watch all episodes here

Subscribe for updates!


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.


Note: Some of the underlying instruments cited within this material may be restricted to certain customer categories in certain jurisdictions.


CF Benchmarks Quarterly Attribution Reports - March 2026

Thoroughly dissect and comprehend the performance of our flagship portfolio indices at the constituent, category, sub-category, and segment levels during the course of each portfolio rebalance period.

Gabriel Selby
Gabriel Selby

Gabriel Selby

7 mins read
Weekly Index Highlights, March 9, 2026

Geopolitical strains kept digital assets on the defensive in the past week, with Bitcoin down 2.1% and Cardano -12.0%. Realized BTC volatility and our BVXS implied vol. index both inched higher, by 5.8 and 1.7 points, but Culture tokens in our CF DACS taxonomy were worst hit on average, at -8.7%.

CF Benchmarks
CF Benchmarks

CF Benchmarks

7 mins read
Factor Friday - March 6, 2026

The market posted its strongest weekly gain of 2026 at +4.3%, trimming YTD losses to -28.0%. Value emerged as the top factor at +1.7% weekly, turning positive YTD. Downside beta posted its first negative week of the year, signaling a potential early shift towards risk.

Mark Pilipczuk
Mark Pilipczuk

Mark Pilipczuk

9 mins read