CoinShares Broadens Investment Options with New Crypto ETPs

CoinShares Expands Offerings with New Physical Crypto ETPs

CoinShares International Limited, known simply as CoinShares, has made waves in the investment world with an exciting development. The company, recognized as a frontrunner in the digital asset domain, has unveiled seven new physically-backed crypto Exchange Traded Products (ETPs) on its Swedish XBT Provider Platform. This expansion marks a significant step in CoinShares' mission to bring more options to investors seeking exposure to cryptocurrencies.

Access to Diverse Digital Assets

With a commendable history of managing over $6 billion in assets, CoinShares is committed to providing investors with unique opportunities. By leveraging its established platform, CoinShares XBT Provider AB, the company is introducing these innovative products to meet the rising demand for crypto investments. The newly launched ETPs not only give access to a range of digital assets but also feature competitive management fees and attractive staking rewards for proof-of-stake cryptocurrencies.

Details of the New ETPs

All seven of the new ETPs are denominated in Swedish Krona (SEK) and listed on Nasdaq Stockholm. These ETPs are designed to offer potential returns while allowing investors to partake in the growth of various cryptocurrencies. The lineup includes:

• CoinShares XBT Litecoin - Management Fee: 1.50% p.a., Staking Reward: Non-proof of stake
• CoinShares XBT Chainlink - Management Fee: 1.50% p.a., Staking Reward: Non-proof of stake
• CoinShares XBT Polkadot - Management Fee: Reduced to 0.00% p.a., Staking Reward: 5.0% p.a.
• CoinShares XBT Solana - Management Fee: Reduced to 0.00% p.a., Staking Reward: 3.0% p.a.
• CoinShares XBT Cardano - Management Fee: Reduced to 0.00% p.a., Staking Reward: 2.0% p.a.
• CoinShares XBT XRP - Management Fee: 1.50% p.a., Staking Reward: Non-proof of stake
• CoinShares XBT Uniswap - Management Fee: 1.50% p.a., Staking Reward: Non-proof of stake

A Forward-Thinking Approach

Jean-Marie Mognetti, the CEO of CoinShares, expressed enthusiasm about the expansion, highlighting the platform's historic achievement as the first open-ended crypto ETP established back in 2015. With this enhancement, investors in Sweden can now access a broader range of digital assets through a reliable platform, which has proven its worth over the years. This endeavor showcases CoinShares' commitment to bridging the gap in adopting blockchain technologies and investment opportunities available in the market.

Market Growth and Investment Transparency

Adam Kostyál, President of Nasdaq Stockholm, also commented on the significance of this launch, stating that the expansion meets the growing demand for ETPs in the market. Offering various locally listed ETPs is pivotal for giving investors safe, cost-effective, and transparent ways to diversify their portfolios. This expansion could serve as a catalyst for greater cryptocurrency adoption across Sweden's sophisticated financial landscape.

About CoinShares

Since its inception in 2013, CoinShares has emerged as a reputable name in the world of digital asset management. The firm provides an extensive array of financial services, including investment management, trading, and securities offerings tailored for corporations, financial institutions, and individual investors. The company's headquarters is located in Jersey, supplemented by offices in France, Stockholm, the UK, and the US.

Regulatory Compliance

CoinShares maintains its reputation by adhering to regulatory standards in various regions. It is regulated by the Jersey Financial Services Commission, France's Autorité des marchés financiers, and is a member of the Financial Industry Regulatory Authority in the US. Investors can rest easy knowing that CoinShares operates under stringent oversight, which is crucial in the ever-evolving landscape of digital assets.

Contact CoinShares

For inquiries or more information, CoinShares can be contacted via phone at +44 (0)1534 513 100 or through email at enquiries@coinshares.com. The company is dedicated to providing accessible and transparent services to all its clients.

Frequently Asked Questions

What are the new ETPs introduced by CoinShares?

CoinShares has launched seven new physically-backed crypto ETPs on its Swedish platform, including products like CoinShares XBT Polkadot and CoinShares XBT Solana.

How do these ETPs benefit investors?

These ETPs provide investors with access to diverse digital assets while offering competitive management fees and staking rewards for certain cryptocurrencies.

What is the significance of the CoinShares XBT Provider platform?

The CoinShares XBT Provider platform is significant as it was the first open-ended crypto ETP, ensuring a reliable option for investors looking for crypto exposure.

Who regulates CoinShares?

CoinShares is regulated by various authorities, including the Jersey Financial Services Commission and the Autorité des marchés financiers in France, ensuring compliance and investor protection.

How can I reach out to CoinShares for more information?

Interested parties can contact CoinShares through phone at +44 (0)1534 513 100 or via email at enquiries@coinshares.com for any inquiries.

About The Author

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