CoinShares launches its first Bitcoin ETP at SIX

CoinShares, a digital asset management firm, has joined the Swiss Stock Exchange as the second ETP issuer in just a weeks' time, following the recent arrival of ETC Group on 13 January 2021. The company's physical bitcoin ETP provides investors with exposure to bitcoin in combination with the advantages of Exchange Traded Products, each unit being backed up with 0.001 bitcoin at launch.

CoinShares Physical Bitcoin is a physically-backed ETP secured by the underlying bitcoins.The product enables investors to gain exposure to the price of bitcoin on a regulated European stock exchange.The bitcoins held on behalf of BITC are maintained in custody with Komainu, a regulated institutional-grade digital asset custodian. CoinShares is a pioneer in digital asset investing having launched the world's first regulated bitcoin investment fund and the world's first bitcoin based securities on a regulated exchange. The firm currently has assets under management of USD 2.9 bn. making them the largest digital asset manager in Europe.

With the new CoinShares physical bitcoin ETP – available in four trading currencies –, investors now have a selection of 22 Bitcoin ETPs and structured products on the Swiss Stock Exchange, while the number of ETP issuers rises to seven, following the recent arrival of ETC Group on 13 January 2021.

"Interest in Bitcoin continues to grow. As the world's leading regulated marketplace for products with crypto-currency underlyings, SIX offers investors crucial benefits like transparency, liquidity and equal treatment. A warm welcome to CoinShares joining our ranks of Exchange Traded Product issuers", says Christian Reuss, Head SIX Swiss Exchange, Markets, SIX.