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CoinShares Lists Physically-Backed ETPs on German Exchange

CoinShares Lists Physically-Backed ETPs on German Exchange
  • CoinShares has successfully cross-listed its physically-backed ETPs on Börse Xetra.
  • The exchange will list three of its newly launched ETPs.
  • Recently, CoinShares reached its strongest quarterly results in its seven-year history.

Europe’s largest digital asset investment firm CoinShares, has successfully cross-listed its physically-backed exchange-traded products (ETPs) on German exchange, Börse Xetra. The move will bring the exchange to Germany’s main market.

The digital asset pioneer announced that three of its recently launched ETPs will become available on the German exchange.

In light of this CoinShares’ Chief Revenue Officer, Frank Spiteri, noted that the platform is managing over $380M in assets. He calculated this from the asset manager’s launch in January. Also, it is passported to eleven countries.

He added,

This cross-listing is another important step for CoinShares Asset Management, providing investors across Europe with easier access to digital assets. We look forward to leveraging the Company’s technology and expertise as we build on this momentum and move into new markets, investment exposures, and strategic partnerships over the course of the year.

Further, CEO at CoinShares, Jean-Marie Mognetti also commented on CoinShares’ growth. She cited the company’s achievement of its strongest quarterly results in its seven-year history in Q1 2021.

“These results are the tangible representation of years of commitments and dedication from our teams across our businesses. Focussing on market demand, we launched earlier this year, our institutional platform CoinShares Physical first in Switzerland and now in Europe. Bringing this platform on the German leading exchange Xetra, is offering European institutional investors, an entry point into digital assets whilst benefiting from the credibility and track record of CoinShares International, a Nasdaq OMX listed company,” she said.

This update comes following the Swedish regulators’ approval to distribute ETPs across the European Union. Moreover, as per the company’s recent Weekly Digital Asset Fund Flows Report, price volatility has been encouraging investment. This is great news for CoinShare’s growth and will help it reach more milestones.

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Lisa is excited about all things tech. She devotedly follows blockchain and crypto updates, sharing her passion through writing about it. She is a regular contributor for cryptocurrency news and articles.