CoinShares Lists Physically-Backed Crypto ETPs on Euronext

CoinShares, Europe's largest digital asset investment firm, announced yesterday that two of the Company's recently launched physically-backed exchange traded products (ETPs) have cross-listed on the Euronext exchange in Paris and Amsterdam. 

• CoinShares Physical Bitcoin ISIN: GB00BLD4ZL17 / WKN: A3GPMN / Fee: 0.98% p.a.

• CoinShares Physical Ethereum ISIN: GB00BLD4ZM24 / WKN: A3GQ2N / Fee: 1.25% p.a.

Frank Spiteri, CoinShares' Chief Revenue Officer said, "Listing our physical Bitcoin and Ethereum ETPs on Euronext Paris and Amsterdam is another milestone for our CoinShares Physical platform, which has grown to over $560m in assets under management after launching in January. The cross-listing will allow us to continue our mission of working alongside clients to provide investors access to cryptocurrencies through investment products. We are excited to expand into these new marketplaces and continue growing the presence of digital assets in Europe."

Chief Executive Officer at CoinShares, Jean-Marie Mognetti, commented, "We have seen the investor sentiment in Europe shifting in favour of digital assets over the last few years. The institutional demand for our products clearly demonstrates the part cryptocurrencies play in institutional investment portfolios. By listing our physical ETPs in Amsterdam and Paris we're continuing to put our client's needs first while also filling a gap in the marketplace. We recently recorded the strongest second-quarter results in CoinShares' history, and this news, coupled with the recent announcement of our strategic alliance with Invesco Europe, augurs very well for the future of our asset management business."

The listing of the two ETPs on both Euronext exchanges follows the cross-listing of CoinShares Physical Bitcoin, Ethereum and Litecoin ETPs on Germany's main market Börse Xetra earlier this year. CoinShares Physical ETPs are now registered for sale in Switzerland, Sweden, Germany, Italy, Austria, Belgium, Luxembourg, Netherlands, Spain, France, Denmark, Finland, Poland and Norway.

Earlier in August, Fazzaco reported that CoinShares announced that it would join Pyth Network​, a decentralized financial oracle solution provider, to contribute real-time crypto pricing data to the Pyth.