CoinShares lists three physically-backed ETPs on Deutsche Börse

The digital-asset manager CoinShares announced the listing on Deutsche Börse’s Xetra trading platform of three physically backed exchange-traded products (ETPs) based on Bitcoin, Ethereum and Litecoin.

The instruments will be physically backed by 0.001 BTC, 0.03 ETH and 0.2 LTC, respectively.

Similar instruments under tickers BITC, ЕTHE, LITE have traded on the Swiss stock exchange since 2021.

“Cross-listing is yet another important step for CoinShares, providing investors across Europe easier access to digital assets,” said Frank Spiteri, Chief Commercial Officer of the company.

According to the executive, assets under management reached $380 million. Its ETPs are available to residents of 11 countries worldwide.

Earlier in April, CoinShares, together with 3iQ Corp received approval for listing an Ethereum-based exchange-traded fund on the Toronto Stock Exchange.

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