A German exchange will list the physically secured cryptocurrency ETPs from Coinshares

The European digital asset manager CoinShares is expanding the scope of its portfolio of physically secured Exchange Traded Products (ETPs) with a new listing in Germany.

According to a message from Monday, CoinShares Physical Bitcoin (BTC), Ether (ETH) and Litecoin (LTC) ETPs are listed on the major German stock exchange, Deutsche Börse Xetra.

The digital asset manager started the year with the launch of a Bitcoin ETP called CoinShares Physical Bitcoin (BITC) in January. Listed on the SIX Swiss Exchange, each ETP is physically secured by 0.001 Bitcoin.

A German exchange will list the physically secured cryptocurrency ETPs from Coinshares
A German exchange will list the physically secured cryptocurrency ETPs from Coinshares

Since then, the physical platform has CoinShares Ether and Litecoin ETP. brought on the market. CoinShares Physical Ether (ETHE) was supported by 0.03 ETH in the launch, while CoinShares Physical Litecoin (LITE) was supported by 0.2 LTC.

CoinShares Chief Revenue Officer, Frank Spiteri said the CoinShares physical platform now manages more than $ 380 million in assets and operates in 11 countries.

The listing of the CoinShares Physical Bitcoin, Ether and Litecoin ETPs on Boerse Xetra follows the official approval for the distribution of the ETPs throughout the European Union, according to the announcement.

The CoinShares Pass to Germany enabled CoinShares physical ETPs to enter Germany, Italy, Austria, Belgium, Luxembourg, the Netherlands, Spain, France, Denmark, Finland and Norway.

â ???? Concentrating on market demand, at the beginning of the year we launched our CoinShares Physical institutional platform, first in Switzerland and now in Europeâ ????said the CEO of CoinShares, Jean-Marie Mognetti.Â’s Xetra listing on the exchange offers European institutional investors an entry point into digital assets with the credibility of CoinShares, he added.

Deutsche Börse Xetra is no stranger to cryptocurrency ETPs. Last year, ETC group, based in London, announced the listing of its Bitcoin Exchange Traded Crypto (BTCE) on the stock exchangeIt was also one of two European exchanges that, together with SIX, listed the Ether ETP with physical support from the New York asset manager WisdomTree.

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