CoinShares Lists Physically-Backed Crypto ETPs on Börse Xetra
Europe’s largest digital asset investment firm brings new physically-backed crypto ETP platform to Germany’s main market
7 June 2021 | SAINT HELIER, Jersey - -- CoinShares (“the Company”) (Nasdaq First North Growth Market: CS), Europe's largest digital asset investment firm, today announced that three of the Company’s recently launched physically-backed exchange traded products (ETPs) have cross-listed on Germany’s Börse Xetra exchange.
NameISINWKN CoinShares Physical Bitcoin GB00BLD4ZL17 A3GPMN CoinShares Physical Ethereum GB00BLD4ZM24 A3GQ2N CoinShares Physical Litecoin GB00BLD4ZP54 A3GRUD
Frank Spiteri, CoinShares’ Chief Revenue Officer added “After launching in January, the CoinShares Physical platform now has over $380m in assets under management and is passported to eleven countries. 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.”
According to the most recent CoinShares Weekly Digital Asset Fund Flows Report (dated 1 June 2021) – which tracks inflows and outflows across various crypto investment vehicles - price volatility in crypto markets has been a catalyst for investment, with $74m of net inflows recorded, mainly led by Ethereum and altcoin products.
Chief Executive Officer at CoinShares, Jean-Marie Mognetti, stated “CoinShares delivered the strongest quarterly results in our 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.”
The listing of CoinShares Physical Bitcoin, Ethereum and Litecoin ETPs on Börse Xetra follows approval from the Swedish regulator to distribute the ETPs across the European Union (EU) and the Company’s subsequent passporting into Germany. As a result, CoinShares Physical ETPs have been passported from Sweden into Germany, Italy, Austria, Belgium, Luxembourg, Netherlands, Spain, France, Denmark, Finland and Norway.
About the CoinShares Group
CoinShares is Europe's largest digital asset investment firm, managing billions of assets on behalf of a global client base. Our 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. CoinShares is publicly listed on the Nasdaq First North Growth Market under ticker CS.
For more information on CoinShares, visit: https://coinshares.com/
Company | + 44 (0)1534 513 100 | [email protected]
Investor Relations – Jay Morakis | + 1 646 859 5951
Certified Advisor – Mangold Fondkommission AB | + 46 (0)8 503 015 50 | [email protected]
This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation 596 / 2014. The information in this press release has been published through the agency of the contact persons set out above, at 8:00 am BST on Monday, 7 June 2021.
Forward-Looking Statements: The report contains certain forward-looking statements and opinions. Forward-looking statements are statements that do not relate to historical facts and events, and such statements and opinions pertaining to the future that, for example, contain wordings such as "believes", "estimates", "anticipates", "expects", "assumes", "forecasts", "intends", "could", "will", "should", "would", "according to estimates”, “is of the opinion", "may", "plans”, "potential", "predicts", "projects", "to the knowledge of” or similar expressions, which are intended to identify a statement as forward-looking. This applies, in particular, to statements and opinions in the report concerning future financial returns, plans and expectations with respect to the business and management of the Company, future growth and profitability, and the general economic and regulatory environment, and other matters affecting the Company.
Forward-looking statements are based on current estimates and assumptions made according to the best of the Company's knowledge. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause the actual results, including the Company's cash flow, financial position, and operating profit, to differ from the information presented in such statements, to fail to meet expectations expressly or implicitly assumed or described in those statements or to turn out to be less favourable than the results expressly or implicitly assumed or described in those statements. Accordingly, prospective investors should not place undue reliance on the forward-looking statements contained herein and are strongly advised to read the entire report. The Company cannot give any assurance regarding the future accuracy of the opinions set forth herein or as to the actual occurrence of any predicted developments.
In light of the risks, uncertainties and assumptions associated with forward-looking statements, it is possible that the future events mentioned in the report may not occur. Moreover, the forward-looking estimates and forecasts derived from third party studies referred to in the report may prove to be inaccurate. Actual results, performance or events may differ materially from those presented in such statements due to, without limitation, changes in general economic conditions, in particular economic conditions in the markets in which the Company operates, changes affecting interest rate levels, changes affecting currency exchange rate, changes in levels of competition and changes in laws and regulations.
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