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CoinShares lists physically-backed crypto ETPs on German exchange

June 7, 2021. Summarized by summa-bot.

Compression ratio: 33.6%. 1 min read.

CoinShares’ chief revenue officer Frank Spiteri said that the CoinShares Physical platform now has over $380 million in assets under management.

European digital asset manager CoinShares is expanding the reach of its physically-backed exchange-traded product (ETP) portfolio with a new listing in Germany.

According to an announcement on Monday, CoinShares Physical Bitcoin (BTC), Ether (ETH), and Litecoin (LTC) ETPs have cross-listed on major German exchange Deutsche Boerse Xetra.

The listing of CoinShares Physical Bitcoin, Ethereum, and Litecoin ETPs on Boerse Xetra follows approval from regulators to distribute the ETPs across the European Union, the announcement reads.

It was also one of two European exchanges along with SIX to list New York-based asset manager WisdomTree’s physically-backed Ether ETP.

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