CoinShares Launches New Physically-backed Bitcoin Exchange-Traded Product
CoinShares Digital Securities, a Jersey incorporated company, is Europe’s largest digital asset investment firm, managing $2.9 billion of assets on behalf of a global client base. Their mission is to expand access to the digital asset ecosystem by pioneering new financial products and services that provide investors with trust and transparency when accessing this new asset class.
In January 2021, it expanded its product portfolio with a Bitcoin exchange-traded product built on its new institutional-grade platform. The new product – CoinShares Physical Bitcoin, will initially be listed on the regulated SIX Swiss Exchange and has a base fee of 0.98%, well below the industry standard of 2%. The product is launching with approximately $200mn in assets under administration, a level that allows it to meet institutions and corporates’ baseline for investment consideration.
Each unit is “physically” backed with 0.001 bitcoin, providing direct exposure to the world’s largest cryptocurrency by market cap with the added oversight, security, and liquidity of an exchange-traded product.
The Perivan shareholder and investor communications team worked diligently in assisting with the production and publication of the 117-page base prospectus in respect of the programme for the issue which included the following assets:
- CoinShares Physical Bitcoin
- CoinShares Physical Ethereum
- CoinShares Physical XRP
- CoinShares Physical Litecoin
- CoinShares Physical Tezos
- CoinShares Physical EOS
- CoinShares Physical Binance Coin
- CoinShares Physical Polkadot
Perivan specialise in the production and publication of financial documents relating to shareholder and investor communications for quoted companies, private companies and open and closed ended funds.