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CoinShares, a St. Helier, Jersey-based digital-asset investment house with over US$4 billion under management, is launching a physically backed, exchange-traded Ethereum product.
CoinShares Physical Ethereum is the second ETP to be released on the firmâs institutional-grade ETP platform following the launch of its CoinShares Physical Bitcoin (Ticker: BITC) product in January. It will be listed under the ticker ETHE on the SIX Swiss Exchange and has a base fee of 1.25 per cent. Komainu will serve as custodian.
âBringing innovative products like ETHE allows us to continue setting the industry standard for trust and transparency and provide institutions with easy access to industry-leading crypto investment vehicles,â said Townsend Lansing, head of product at CoinShares.
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CoinShares Integrates Armanino s Attestation Service into CoinShares Physical Bitcoin
Armanino s TrustExplorer provides an additional layer of transparency into the recently launched ETP
SAINT HELIER, Jersey, Feb. 10, 2021 /PRNewswire/ CoinShares, Europe s largest digital asset manager with $4 billion in AUM, today announced that it will be offering an attestation service for its new physically backed Exchange Traded Product (ETP), CoinShares Physical Bitcoin (Ticker: BITC), via Armanino s Real-Time assurance application, TrustExplorer. This blockchain-enabled solution allows investors to independently verify the bitcoin backing BITC through viewable and downloadable attest reports that are generated daily.
BITC has been well received by the marketplace with total volumes exceeding $23M in the first 14 days of trading. Through the integration of Armanino s on-demand attestation services, CoinShares offers investors enhanced visibility into the underlying bitcoin of its BITC pro
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.