GPF cross-lists world’s first physical copper and nickel ETCs on Xetra

Aug 26th, 2021 | By | Category: Commodities

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The Global Palladium Fund has cross-listed the GPF Physical Copper ETC (0IIE GY) and GPF Physical Nickel ETC (0IIF GY) on Deutsche Börse Xetra.

GPF cross-lists world’s first physical copper and nickel ETCs on Xetra

GPF has cross-listed its physically backed copper and nickel ETCs on Deutsche Börse.

The ETCs, which made their debut in June, are the first exchange-traded products globally to provide physically backed exposure to copper and nickel, two industrial metals that are considered crucial in the clean energy transition.

The GPF Physical Copper ETC and GPF Physical Nickel ETC, which have been listed on Xetra in euros, come with expense ratios of 0.85% and 0.75% respectively.

They are also available to trade on London Stock Exchange in US dollars or pound sterling, as well as on Borsa Italiana in euros and on SIX Swiss Exchange in Swiss francs.

Each ETC tracks the spot price of its underlying metal with the physical metal backing them stored in secure warehouses in Rotterdam.

The underlying physical metal is sourced from producers and metal suppliers which have confirmed their compliance with the Sustainable Development Goals of the UN 2030 Agenda and other global initiatives in sustainable development and responsible mining.

To strengthen investor security, GPF uses IBM’s Hyperledger Blockchain in the custody chain of the metal. This is in addition to the traditional processes used by the custodian, enhancing the transparency and accountability of the issuer. Recording bar and cathode information on the blockchain provides clear ownership and an immutable custody chain for investors using the ETCs.

GPF offers a further four physically backed metal ETCs providing low-cost access to gold, silver, platinum, and palladium. All four ETCs are already available on Xetra in euros.

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