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Usha Yadav
Sep 8, 2022
by Usha Yadav

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

ETC Group

Table of contents

  1. ETC Group and Crypto Products
  2. ETC Group Physical Ethereum
ETHPoW, the Proof-of-Work hard fork of Ethereum, will have its own ETP, i.e., Exchange Traded Product. It should arrive and be accessible on the XETRA exchange on September 16.

To represent a set of miners opposed to Ethereum switching to PoS, the new Ethereum ETP from ETC Group will rely on a forked PoW Ethereum chain. The ETC Group's new physically-backed ETP, known as ETC Group Physical EthereumPoW, or ETHWetc, will be built on the PoW chain's new coin, ETHW.

ETC Group and Crypto Products

Several cryptocurrency products are available from The ETC Group and are traded on regulated exchanges. Thanks to the entire process, investors can easily fund in the cryptocurrency market, which stores the client-offered collateral in institutional-grade custody. The organization is managing more than $368 million worth of assets.

ETC Group Physical Ethereum

The business emphasized that the original ETC Group Physical Ethereum (ZETH) would still exist alongside the new ZETW. On brokerage accounts, existing ZETH holders will instantly receive the new token ZETW as an addition in a ratio of 1:1. According to the ETC Group's spokespeople, "ZETH will continue exactly as before and automatically switch to ETH PoS in line with The Merge." As The Merge approaches, the Proof-of-Work fork of the Ethereum network has been receiving media attention. The variation does not yet have a mainnet, but users can buy IoUs on exchanges that accept it. On the EthereumPoW network, ETHW will send each address with ETH.

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Ethereum ETP Ethereum PoW ETC Group Ethereum Merge
UK's ETC Group To Offer Ethereum PoW Fork ETP After The Merge
Usha Yadav
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

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