{"id":907263,"date":"2021-06-07T06:19:39","date_gmt":"2021-06-07T10:19:39","guid":{"rendered":"https:\/\/cointelegraph.com\/news\/coinshares-lists-physically-backed-crypto-etps-on-german-exchange"},"modified":"2021-06-07T06:19:39","modified_gmt":"2021-06-07T10:19:39","slug":"coinshares-lists-physically-backed-crypto-etps-on-german-exchange","status":"publish","type":"station","link":"https:\/\/platodata.io\/plato-data\/coinshares-lists-physically-backed-crypto-etps-on-german-exchange\/","title":{"rendered":"CoinShares lists physically backed crypto ETPs on German exchange"},"content":{"rendered":"\n<div><img decoding=\"async\" src=\"https:\/\/wordpress-1016567-4521551.cloudwaysapps.com\/wp-content\/uploads\/2021\/06\/coinshares-lists-physically-backed-crypto-etps-on-german-exchange.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p>European digital asset manager CoinShares is expanding the reach of its physically backed exchange-traded product (ETP) portfolio with a new listing in Germany.<\/p>\n<p>According to an <a href=\"https:\/\/coinshares.com\/news\/coinshares-lists-physically-backed-crypto-etps-on-boerse-xetra\" target=\"_blank\" rel=\"noopener nofollow\">announcement<\/a> on Monday, CoinShares Physical Bitcoin (<a href=\"https:\/\/cointelegraph.com\/bitcoin-price-index\">BTC<\/a>), Ether (<a href=\"https:\/\/cointelegraph.com\/ethereum-price-index\">ETH<\/a>) and Litecoin (<a href=\"https:\/\/cointelegraph.com\/ltc-price-index\">LTC<\/a>) ETPs have cross-listed on major German exchange Deutsche Boerse Xetra.<\/p>\n<p>The digital asset manager started the year by launching a <a href=\"https:\/\/cointelegraph.com\/news\/coinshares-to-launch-200m-bitcoin-etp-on-swiss-stock-exchange\">Bitcoin ETP named CoinShares Physical Bitcoin<\/a> (BITC) in January. Listed on Switzerland\u2019s SIX Swiss Exchange, each ETP is physically backed by 0.001 Bitcoin.<\/p>\n<p>Since then, the CoinShares Physical platform has launched Ether and Litecoin ETPs. <a href=\"https:\/\/cointelegraph.com\/news\/coinshares-launches-new-physically-backed-ether-etp\">CoinShares Physical Ether<\/a>&nbsp;(ETHE) was backed with 0.03 ETH at launch, while <a href=\"https:\/\/cointelegraph.com\/news\/coinshares-launches-physically-backed-litecoin-etp\">CoinShares Physical Litecoin<\/a> (LITE) was backed with 0.2 LTC.<\/p>\n<p>CoinShares chief revenue officer Frank Spiteri said that the CoinShares Physical platform now has over $380 million in assets under management and operates in 11 countries. <\/p>\n<p>The listing of CoinShares Physical Bitcoin, Ether and Litecoin ETPs on Boerse Xetra follows approval from regulators to distribute the ETPs across the European Union, the announcement reads. <\/p>\n<p>CoinShares\u2019 passporting to Germany enabled CoinShares Physical ETPs\u2019 entrance into Germany, Italy, Austria, Belgium, Luxembourg, Netherlands, Spain, France, Denmark, Finland and Norway.<\/p>\n<p>\u201cFocussing on market demand, we launched earlier this year, our institutional platform CoinShares Physical first in Switzerland and now in Europe,\u201d CoinShares CEO Jean-Marie Mognetti said. The Boerse Xetra listing offers European institutional investors an entry point into digital assets with the credibility of CoinShares, he added.<\/p>\n<p>Deutsche Boerse Xetra is no stranger to cryptocurrency ETPs. Last year, London-based ETC Group announced the <a href=\"https:\/\/cointelegraph.com\/news\/german-stock-exchange-will-list-bitcoin-etp\">listing of its Bitcoin Exchange Traded Crypto<\/a> (BTCE) on the exchange. It was also one of two European exchanges along with SIX to list New York-based asset manager <a href=\"https:\/\/cointelegraph.com\/news\/swiss-stock-exchange-six-and-boerse-xetra-list-physically-backed-ether-etp\">WisdomTree\u2019s physically backed Ether ETP<\/a>. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template> <a href=\"https:\/\/cointelegraph.com\/news\/coinshares-lists-physically-backed-crypto-etps-on-german-exchange\">Source: https:\/\/cointelegraph.com\/news\/coinshares-lists-physically-backed-crypto-etps-on-german-exchange<\/a><\/p>\n","protected":false},"author":1,"featured_media":907264,"template":"","meta":{"_eb_attr":"","type":"","auto_type":false,"post":"","stream":"","stream_url":"","waveform_data":[],"duration":0,"start":0,"end":0,"bpm":0,"downloadable":false,"download_url":"","purchase_title":"","purchase_url":"","post-count-all":0,"like_count":0,"download_count":0,"editor_note":"","copyright":"","captions":[],"sources":[]},"genre":[41],"station_tag":[3759,4722,3820,3822,3683,5271,3634,3764,3688,6087,4298,3890,3641,3767,3725,7145,3835,3836,3837,3645,4727,4852,4864,5873,3797,3727,4307,3772,5070,5279,3847,3650,3696,7133,3700,3653,5282,3734,3911,3912,4087,3655,3656,5284,3959,4090,3658,3741,5080,5285,5287,4096,3707,3861,3968,3939,4325,3868,4581,5292,3668,5551,4628,5640,3717],"artist":[5815],"mood":[],"activity":[],"_links":{"self":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/station\/907263"}],"collection":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/station"}],"about":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/types\/station"}],"author":[{"embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/users\/1"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/media\/907264"}],"wp:attachment":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/media?parent=907263"}],"wp:term":[{"taxonomy":"genre","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/genre?post=907263"},{"taxonomy":"station_tag","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/station_tag?post=907263"},{"taxonomy":"artist","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/artist?post=907263"},{"taxonomy":"mood","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/mood?post=907263"},{"taxonomy":"activity","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/activity?post=907263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}