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CoinShares Launches New Physically-backed Ethereum Exchange Traded Product (ETP)

CoinShares Launches New Physically-backed Ethereum Exchange Traded Product (ETP)
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CoinShares Launches New Physically-backed Bitcoin Exchange Traded Product (ETP)

CoinShares Launches New Physically-backed Bitcoin Exchange Traded Product (ETP) Leading Digital Asset Manager Expands its Product Portfolio with a Bitcoin ETP Built on its New Institutional-Grade Platform ST. HELIER, Jersey, Jan. 19, 2021 /PRNewswire/ CoinShares, Europe s largest digital asset manager with over $2.9 billion in assets under management , today announced the launch of a new physically-backed ETP, CoinShares Physical Bitcoin (Ticker: BITC). BITC will be the first product released on CoinShares new institutional-grade ETP platform and will launch with significant assets under management. Each unit of BITC is backed with 0.001 bitcoin at launch, providing investors with passive exposure to Bitcoin and the convenience of an exchange traded product.

A $3 billion digital-asset investing trailblazer just launched an exchange-traded bitcoin product in the midst of the cryptocurrency s wild rally

A $3 billion digital-asset investing trailblazer just launched an exchange-traded bitcoin product in the midst of the cryptocurrency s wild rally snagarajan@businessinsider.com (Shalini Nagarajan) CoinShares launched an exchange-traded bitcoin product on January 19 to be listed in Switzerland. Each unit of the product will be physically backed by 0.001 Bitcoin. Bitcoin seems to have entered some form of consolidation following a period of high volatility. CoinShares, one of the earliest digital asset investing firms, said on Tuesday it had launched an exchange-traded Bitcoin product.  The CoinShares Physical Bitcoin Product is set to be listed on Switzerland s main stock exchange under the ticker symbol BITC. The dollar serves as its base currency.

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