“The market will decide” Ethereum’s post-merger ETPs, says crypto executive
Offering two separate Ethereum ETPs after the hard fork would allow ETC Group to ensure the most transparent and fair approach, said the founder.
Interview
The Ethereum merger is expected to be one of the biggest events in the cryptocurrency industry, potentially affecting many related businesses and services, and Ethereum-based exchange-traded products (ETPs) are no exception.
ETC Group, a leading European crypto ETP issuer, has decided to expand its current Ethereum ETP offering by launching another Ethereum investment product. The new ETP is based on ETHW, a new token that is configured to work on Ethereum proof-of-work (PoW) after the hard fork.
The new ZETW ETP will be launched in addition to the currently offered physical Ethereum (ZETH) ETP, which was listed on Deutsche Boerse Xetra in March 2021. ZETW is expected to go live shortly after the hard fork of Ethereum, which is expected to happen within 24 hours of the Merger.
The merger refers to Ethereum's transition from the infamous mining-based PoW consensus mechanism to an environmentally friendly proof-of-stake (PoS) system.
As some Ethereum users are set to continue using the PoW model, the merger is likely to split Ethereum into two separate blockchains. These include the main PoS-based Ethereum blockchain, commonly referred to as ETHPOS and associated with the original Ether (ETH) token. Another Ethereum network would build on the PoW system, called ETHPOW, with the new ETHW token.
Offering two separate Ethereum ETPs after the hard fork would allow ETC Group to ensure the most transparent and fair approach, said the founder.
Interview
The Ethereum merger is expected to be one of the biggest events in the cryptocurrency industry, potentially affecting many related businesses and services, and Ethereum-based exchange-traded products (ETPs) are no exception.
ETC Group, a leading European crypto ETP issuer, has decided to expand its current Ethereum ETP offering by launching another Ethereum investment product. The new ETP is based on ETHW, a new token that is configured to work on Ethereum proof-of-work (PoW) after the hard fork.
The new ZETW ETP will be launched in addition to the currently offered physical Ethereum (ZETH) ETP, which was listed on Deutsche Boerse Xetra in March 2021. ZETW is expected to go live shortly after the hard fork of Ethereum, which is expected to happen within 24 hours of the Merger.
The merger refers to Ethereum's transition from the infamous mining-based PoW consensus mechanism to an environmentally friendly proof-of-stake (PoS) system.
As some Ethereum users are set to continue using the PoW model, the merger is likely to split Ethereum into two separate blockchains. These include the main PoS-based Ethereum blockchain, commonly referred to as ETHPOS and associated with the original Ether (ETH) token. Another Ethereum network would build on the PoW system, called ETHPOW, with the new ETHW token.
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