Categories: Crypto News

UK’s ETC Group To Offer Ethereum PoW Fork ETP After The Merge

  • The U.K.’s ETC Group will offer an ETP based on the Ethereum Pow hard fork after The Merge.
  • All holders of the current Ethereum ETP will receive units of the new one on a 1:1 basis.
  • Some exchanges have also said that it would support the asset of the forked chain.

Ethereum Proof-of-Work hard fork, ETHPoW, will have its own Exchange Traded Product (ETP). The United Kingdom’s ETC Group announced on September 7 that it would offer the ETP once The Merge has been completed. It will be offered on the XETRA exchange and should arrive on September 16.

https://twitter.com/ETC_Crypto/status/1567522921408602114?ref_src=twsrc%5Etfw” rel=”nofollow noopener

The ETP will be called ETHWetc — ETC Group Physical EthereumPoW. The asset management company also revealed that holders of the current Ethereum ETP (ZETH) will receive units of the new one on a 1:1 basis that will be deposited into their brokerage accounts.

Co-founder and CEO of the ETC Group Bradley Duke stated that it was only right that investors of the original ETP should receive their due. He said,

“In line with this and our demonstrated leadership of the digital asset industry, any holders of our Ethereum based ETP (ZETH) will receive, at no cost, matching units of the new Ethereum PoW ETP soon after the Ethereum Hard Fork occurs, which we’re expecting around September 15. We believe that it is only right that investors in our products should receive the proceeds of this fork.”

The ETC Group offers several crypto products that are traded in regulated markets. The collateral offered by clients is stored in institutional-grade custody, and the whole process makes it easy for investors to invest in the crypto market. The company has more than $368 million in assets under management.

Ethereum PoW Fork Also Prepping Ahead of The Merge

The Proof-of-Work fork of the Ethereum network has been making the headlines as The Merge gets closer and closer. Currently, there is no mainnet for the variant, though users can purchase IoUs on exchanges that support it. All addresses that hold ETH on the Ethereum network will receive ETHW on the EthereumPoW network.

A few crypto exchanges have signaled support for the Ethereum fork. BitMEX, Poloniex, and MEXC Global said they would also support the forked asset, while Bitrue said that it would support the hard fork last month. There’s not telling how the asset will move, and some may just be getting in to make a quick profit.

Evelyn

Recent Posts

ROM: Golden Age Blasts Past 500,000 Pre-Registrations—Join the Buddy Boost Lottery for a Shot at Massive Crypto Prizes

Singapore, 8th July 2025, ZEX PR WIRE, Big news: ROM: GoldenAge—the hottest upcoming blockchain strategy…

12 hours ago

Camp Network Acquires Strategic Stake in KOR Protocol to Accelerate Tokenized IP and AI-Native Content

This partnership brings new IP and creative assets onchain to power new forms of collaborative…

24 hours ago

TR.ENERGY: Buy TRON Energy and Fee Savings on USDT Transfers in the TRX Network

Sharjah, UAE, 5th July 2025, ZEX PR WIRE, TR.ENERGY is a high-tech decentralized platform for efficient…

3 days ago

Closed Zero-Day Market Offers Targeted Exploits for WhatsApp, Android, iOS, macOS, and Linux

New York, US, 5th July 2025, ZEX PR WIRE, A growing number of cybersecurity professionals are…

3 days ago

Atelier Home Sets a New Standard for Luxury Home Decor

Berlin, Germany, 2nd July 2025, In the heart of Europe’s design capital, a new name…

6 days ago

WEMADE and Redlab Games Unleash Blockbuster Web3 MMORPG – ROM: Golden Age – Global Pre-Registration Now Open for August 2025 Launch!

Singapore, 2nd July 2025, ZEX PR WIRE, WEMADE and Redlab Games are thrilled to announce…

6 days ago