The new CoinShares physical bitcoin ETP is available in four trading currencies. With it investors on the Swiss Stock Exchange now have a selection of 22 Bitcoin ETPs and structured products, while the number of ETP issuers rises to seven, following the recent arrival of ETC Group on 13 January 2021.
Trading turnover in crypto products on SIX shows healthy growth. In the first two weeks of the new year, already CHF 381 mio. have been traded – more than during any month since crypto products were first admitted to trading at SIX in 2016. These numbers highlight the strong position of the Swiss Stock Exchange as a regulated market place for products with crypto underlyings.
CoinShares Physical Bitcoin is a physically-backed ETP secured by the underlying bitcoins. The product allows 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 a regulated institutional-grade digital asset custodian, Komainu. CoinShares is a pioneer 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 billion.
