CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$26,135.00
  • ethereum
    ETH$1,574.41
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Opinions
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    Home » Crypto News » CoinShares Launches A $200M Bitcoin ETP On Switzerland’s SIX Exchange

    CoinShares Launches A $200M Bitcoin ETP On Switzerland’s SIX Exchange

    Author: Jordan Lyanchev

    Last Updated Jan 19, 2021 @ 09:06

    CoinShares, the UK-headquartered digital asset manager, is launching a Bitcoin ETP on the SIX Swiss Exchange on January 19th, 2021.

    The cryptocurrency asset manager announced the release of a new Bitcoin exchange-traded product (ETP), in which every unit will be backed by 0.001 BTC. The custodian will be a joint venture developed by CoinShares, Nomura Holdings Inc, and Ledger.

    • According to a Bloomberg report, CoinShares’ newest Bitcoin-related product will go live today – January 19th, 2021. It will use the BITC ticker and will be listed on Switzerland’s principal stock exchange – Six Swiss Exchange. Additionally, the ETP will charge a 0.98% expense ratio.
    • The company said that it will hold the underlying asset to provide a fully-backed Bitcoin ETP. For every unit of the product, the custodian will hold 0.001 BTC.
    • Komainu will serve as the ETP’s custodian. Developed and launched by Ledger, CoinShares, and Nomura Holdings last year, Komainu also provides regulatory compliance and insurance services to institutional investors for their crypto holdings.
    • “A lot of institutional clients have a very strong due-diligence process, and we wanted to bring to market a best-in-class product to embrace that demand. We are ready, as of January, to embrace the forthcoming demand from institutional clients.” – said CoinShares’ Chief Revenue Officer, Frank Spiteri.

    • The company’s Chief Strategy Officer, Meltem Demirors, also commented on Twitter the product release and noted that it will start with $200 million in AUM.

    massive congrats to our team @CoinSharesCo – starting 2021 off with a 🧨 bang 🧨

    our newest exchange traded product (ETP) line launches tomorrow w $200M in AUM

    thanks @VildanaHajric for covering the storyhttps://t.co/XoLSLmZVCW

    — Meltem Demirors (@Melt_Dem) January 18, 2021

     

    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

    You Might Also Like:

    • MicroStrategy Wants to Offer $400 Million in Convertible Notes to Buy More Bitcoin
    • BitcoinEthereumSquarePayPal
      PayPal and Square Are Buying Every New Mined Bitcoin... And More
    • BitcoinEthereumSquarePayPal
      The Digital Age Is Here: Crypto And Fintech Companies Soar, While Bank Stocks Tank
    Tags: Bitcoin Switzerland
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Jordan Lyanchev
    More posts by this author

    Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato's Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

  • bitcoin
    BTC$26,135.00
  • ethereum
    ETH$1,574.41
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    Quantstamp’s CEO: Here’s Why ‘Audited By’ for Crypto Security in 2023 is Not Enough (Interview)

    Quantstamp’s CEO: Here’s Why ‘Audited By’ for Crypto Security in 2023 is Not Enough (Interview)

    Deep Dive into Ethereum: What Changed A Year Post-Merge?

    Deep Dive into Ethereum: What Changed A Year Post-Merge?

    The Reports of Friend.tech Death Have Been Greatly Exaggerated (Opinion)

    The Reports of Friend.tech Death Have Been Greatly Exaggerated (Opinion)

    Exploring PayPal’s Foray into Cryptocurrency: A Game-Changer in Digital Finance

    Exploring PayPal’s Foray into Cryptocurrency: A Game-Changer in Digital Finance

    DeFi Without Native Rights Is Dead

    DeFi Without Native Rights Is Dead

    How Does the Shiba Inu (SHIB) Burn Work: Everything You Need to Know

    How Does the Shiba Inu (SHIB) Burn Work: Everything You Need to Know

    Crypto Will Go Away If There’s No Privacy: Interview With Anoma and Namada’s Adrian Brink

    Crypto Will Go Away If There’s No Privacy: Interview With Anoma and Namada’s Adrian Brink

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    Footer Logo
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers
    Editorial Policy
    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!