CoinShares to launch $200m Bitcoin ETP on Swiss stock exchange
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....
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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,....
It joins several other ETP providers on the exchange, including ETC Group, with its own physically backed bitcoin product.
Switzerland cleared the way for more bitcoin trading and other digital assets by authorizing a new digital stock exchange. Swiss Exchange, SIX Digital Exchange (SDX), now has the approval to launch a digital asset marketplace utilizing DLT. Related Reading | BBVA Switzerland Launches Crypto Wallet and Investment Offerings for Retail Investors The Exchange formally received the […]
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....