ETC Group has launched a cryptocurrency ETP based on the PoW Ethereum hard fork

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Last Updated on October 11, 2022 by Bitfinsider

ETC Group officially announced the launch of a new Ethereum ETP in response to the upcoming Ethereum Merge on Wednesday. The Ethereum Merge, which is set to take place in mid-September, is a long-awaited consensus upgrade that will transition the Ethereum blockchain from mining-based PoW to mining-free proof-of-stake (PoS).

The new Ethereum ETP from ETC Group will rely on a forked PoW Ethereum chain, representing a group of miners opposed to Ethereum’s switch to PoS. The PoW chain will introduce a new token called ETHW, which will serve as the foundation for ETC Group’s new physically-backed ETP known as ETC Group Physical EthereumPoW, or ETHWetc.

According to the announcement, ETHWetc will trade under the ticker symbol ZETW on Deutsche Boerse’s electronic trading platform, Xetra. ETC Group stated that the listing will take place shortly after the fork event on September 16.

The new ZETW will not replace the original ETC Group Physical Ethereum, according to the company (ZETH). Current ZETH holders will automatically receive the new token (ZETW) as a 1:1 unit addition to their brokerage accounts.

The announcement comes as the crypto industry gears up for the upcoming Ethereum Merge, with various companies looking for new mining options or launching Ethereum staking.


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Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

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