Submit Blog Home » Cryptocurrency News » Cryptocurrency News » CoinShares Launches A $200M Bitcoin ETP On Switzerland’s SIX Exchange CoinShares Launches A $200M Bitcoin ETP On Switzerland’s SIX Exchange January 19, 2021 0 Comments
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
Ethereum’s Constantinople Upgrade: Which Exchanges Are Going to Support The ETH Hard Fork? Ethereum’s system-wide upgrade “Constantinople” which takes place in a few days, will undoubtedly be the most significant crypto event this January.The upgrade was initially scheduled for November 2018.However, it was postponed to January 2019 due to bug problems.
Although there is no specific date for the upgrade, many believe that it will be… Introducing Recurring Buy on the Crypto.com App [Press Release] Automate Bitcoin purchases, build your stack, turn your dollars into Bitcoin over time.Recurring Buys On Crypto.com.
Source: Crypto.com Dollar-cost averaging (DCA) is an investment strategy in which an investor divides up the total amount to be invested across periodic purchases of a target asset in an effort to reduce the impact of… Bitcoin Still Unable To Break $12K – Heading To $15,000 Or $9,000 Before? BTC Price Analysis Following the impressive breakout of the $11,000 – $11,200 resistance area, we saw Bitcoin engines ignite.Yesterday, Bitcoin surged to mark $12,300 as its monthly high, and like it can be seen in the following daily chart, it lays exactly on our spotted upper ascending trend-line.Minutes after capturing the record, the coin had seen… Surpassed EOS: Tezos Is Now The Biggest Staking Network, 93% Of All XTZ Is Locked The tenth-largest cryptocurrency by market cap, Tezos (XTZ), has the most assets locked in staking with over $1.8 billion.The popular blockchain protocol has been especially attractive to investors lately and has surpassed the former leader of staking – EOS.XTZ Locked In Staking Per data from the monitoring website, Staking Rewards, Tezos became the… Bankers meet Bitcoiners In Munich For the first time, a Bitcoin conference bringing together advocates and critics.
Beyond the price volatility, the adoption of Bitcoins continues at a rapid pace.At BayernLB in Munich international experts discuss the value of Bitcoin and its potential impact on businesses and the world economy.Munich, Germany, April 29, 2019 — Senior decision-makers must… PlusToken Dump Continues: $100 Million Worth Of Ethereum (ETH) Transferred Out Of PlusToken’s Wallet The saga with one of the largest alleged scam projects in the cryptocurrency world continues.PlusToken’s officials were arrested several months ago, but a recent report shows that over $100 million worth of Ethereum was transferred from a company wallet to an unknown one.
$100 In ETH Transferred From PlusToken The popular cryptocurrency monitoring resource,… XRP Records 14-Days Peak: New 2020 High Incoming? (Ripple Price Analysis) XRP saw a 6% price increase today as the buyers manage to rise above $0.31 Last week, the coin found strong support at $0.28, which allowed it to push higher and reclaim $0.3 over the weekend.Against Bitcoin, XRP bounced from 2435 SAT last week to reach the current 2555 SAT level.XRP/USD: XRP Bulls… ICOs issued $24.2 Billion In Tokens To Themselves In 2018, Where Did It All Go? TL;DR About $5billion remain out of the $24.2 billion raised due to loss of coin value.Billions of dollars worth of coins remain in ICO founding teams wallets The data highlight the need for lockup clauses or vesting schedules to ensure founders are motivated to complete projects post funding BitMEX recently published a report in… Bitcoin Price Analysis August 4 Bitcoin doesn’t have good times during recent days.The good news that are coming can’t affect the negative sentiment in the market.Looking at the daily chart – all the candles from past week are red.Could we see some break and end to this red? Maybe.
As reported in our last price analysis just… .
