CoinShares, one of the world’s largest crypto asset management firms, announced today that it has listed its physically-backed Bitcoin and Ethereum exchange-traded products (ETPs) on Euronext Paris and Amsterdam.
In an official announcement, CoinShares mentioned that the company has expanded its presence in Europe to meet the growing demand for crypto products. In June 2021, CoinShares announced the listing of Physical Bitcoin, Ethereum and Litecoin ETPs on Germany’s main market Börse Xetra.
CoinShares saw significant growth in the total value of its crypto assets under management (AUM) in 2021 due to the surge in the value of digital currencies. The company recently released its weekly digital asset fund flows report and highlighted a jump in the total value of global digital assets under management.
Commenting on the latest listing, Frank Spiteri, Chief Revenue Officer of CoinShares, said: “Listing our physical Bitcoin and Ethereum ETPs on Euronext Paris and Amsterdam is another milestone for our CoinShares Physical platform, which has grown to over $560m in assets under management after launching in January. The cross-listing will allow us to continue our mission of working alongside clients to provide investors access to cryptocurrencies through investment products. We are excited to expand into these new marketplaces and continue growing the presence of digital assets in Europe.”
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Earlier this year, CoinShares partnered with 3iQ to launch a Bitcoin ETF in Canada.
Europe’s Crypto Market
Retail and institutional interest in crypto products across the European region has increased rapidly since the start of 2021. In the recent announcement, CoinShares mentioned that its Physical ETPs are now registered for sale in several European countries including Switzerland, Sweden, Germany and France.
“We have seen the investor sentiment in Europe shifting in favor of digital assets over the last few years. The institutional demand for our products clearly demonstrates the part cryptocurrencies play in institutional investment portfolios,” Jean-Marie Mognetti, Chief Executive Officer at CoinShares, mentioned in the press release.