CoinShares to Launch a Bitcoin ETP on SIX Swiss Exchange
It joins several other ETP providers on the exchange, including ETC Group, with its own physically backed bitcoin product.
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Digital asset manager CoinShares is listing its second cryptocurrency exchange-traded product on the SIX Swiss Exchange. Major European digital asset manager CoinShares is expanding its product portfolio with a new physically-backed Ether (ETH) exchange-traded product, or ETP.Called CoinShares Physical Ethereum (ETHE), the new investment product is launching with around $75 million in assets under management. Announcing the news Wednesday, CoinShares said that each unit of ETHE is backed with 0.03 ETH at launch.The news comes shortly after CoinShares launched its first cryptocurrency ETP,....
CoinShares' CSO says the firm is “starting 2021 off with a bang” by launching a $200 million physically-backed Bitcoin ETP on Switzerland’s SIX exchange. Digital asset manager CoinShares is launching a Bitcoin exchange-traded product, or ETP, on the SIX Swiss Exchange.According to a report from Bloomberg today, the Bitcoin ETP will go live on Switzerland’s principal stock exchange tomorrow under the ticker symbol BITC. Each ETP will be physically backed by 0.001 Bitcoin (BTC) — worth roughly $36 at the time of publication. The custodian behind the ETP will be Komainu, the custodian....
Deutsche Boerse Xetra is listing CoinShares physical Bitcoin, Ether and Litecoin ETPs. European digital asset manager CoinShares is expanding the reach of its physically backed exchange-traded product (ETP) portfolio with a new listing in Germany.According to an announcement on Monday, CoinShares Physical Bitcoin (BTC), Ether (ETH) and Litecoin (LTC) ETPs have cross-listed on major German exchange Deutsche Boerse Xetra.The digital asset manager started the year by launching a Bitcoin ETP named CoinShares Physical Bitcoin (BITC) in January. Listed on Switzerland’s SIX Swiss Exchange, each....
Major European digital asset investment firm CoinShares has launched its third physically-backed ETP in 2021. European digital asset manager CoinShares continues to actively expand its physically-backed cryptocurrency exchange-traded product offering with a new Litecoin (LTC) ETP.According to an April 6 announcement, CoinShares has launched its CoinShares Physical Litecoin.Listed under the ticker symbol LITE, each unit of the Litecoin ETP is backed with 0.2 LTC ($45) at launch, providing investors with passive exposure to the Litecoin network’s native asset. The new investment product will....
CoinShares FTX Physical Staked Solana will be listed on Germany’s major digital market Xetra and is the fourth ETP rolled out by CoinShares this year. CoinShares, one of the largest crypto investment firms in Europe, and FTX crypto exchange have united forces to launch a new physically-backed Solana (SOL) exchange-traded product (ETP).The new product, titled CoinShares FTX Physical Staked Solana, is launching with 1 million SOL in seed capital, allowing investors to get 3% in staking rewards, CoinShares officially announced on Wednesday. The new cryptocurrency ETP is the first initiative....