Leading European digital asset manager CoinShares (Nasdaq First North Growth Market: CS) announced Monday (June 7, 2021) that three of the firm’s recently introduced physically-backed exchange-traded products (ETPs) have now “cross-listed on Germany’s Börse Xetra exchange.”
As noted in a release from the company:
- CoinShares Physical Bitcoin ISIN: GB00BLD4ZL17 / WKN: A3GPMN
- CoinShares Physical Ethereum ISIN: GB00BLD4ZM24 / WKN: A3GQ2N
- CoinShares Physical Litecoin ISIN: GB00BLD4ZP54 / WKN: A3GRUD
Frank Spiteri, CoinShares’ Chief Revenue Officer, remarked:
“After launching in January, the CoinShares Physical platform now has over $380m in assets under management and is passported to eleven countries. This cross-listing is another important step for CoinShares Asset Management, providing investors across Europe with easier access to digital assets. We look forward to leveraging the Company’s technology and expertise as we build on this momentum and move into new markets, investment exposures and strategic partnerships over the course of the year.”
As mentioned in the most recent CoinShares Weekly Digital Asset Fund Flows Report (dated 1 June 2021) – which keeps track of inflows and outflows across different crypto investment vehicles – price volatility in crypto markets has been “a catalyst for investment, with $74m of net inflows recorded, mainly led by Ethereum and altcoin products.”
CEO at CoinShares, Jean-Marie Mognetti, added:
“CoinShares delivered the strongest quarterly results in our seven-year history in Q1 2021. These results are the tangible representation of years of commitments and dedication from our teams across our businesses. Focussing on market demand, we launched earlier this year, our institutional platform CoinShares Physical first in Switzerland and now in Europe. Bringing this platform on the German leading exchange Xetra, is offering European institutional investors, an entry point into digital assets whilst benefiting from the credibility and track record of CoinShares International, a Nasdaq OMX listed company.”
The listing of CoinShares Physical Bitcoin, Ethereum and Litecoin ETPs on Börse Xetra has come after approval from the Swedish regulator to distribute the ETPs across the EU and the firm’s “subsequent passporting” into Germany.
As a result, CoinShares Physical ETPs have been “passported from Sweden into Germany, Italy, Austria, Belgium, Luxembourg, Netherlands, Spain, France, Denmark, Finland and Norway,” the announcement confirmed.
As previously reported, CoinShares is the largest digital asset investment company in Europe. It manages billions of assets on “behalf of a global client base.”
CoinShares says that its mission is “to expand access to the digital asset ecosystem by pioneering new financial products and services that provide investors with trust and transparency when accessing this new asset class.”
CoinShares is publicly listed on the Nasdaq First North Growth Market under ticker CS.