CoinShares Launches Two Physically Supported Crypto Market ETPs

03/27/2023 07:36 • Digital Disruptors • 81 views

According to reports, CoinShares today announced the launch of two physically supported indices ETP in the main German market Xetra: CoinShares Physical Top 10 Crypto Market ETP (code: CTEN) and CoinShares Physical Smart Contract Platform ETP (code: CSSC), with a management fee of zero. Both products track customized indexes developed in collaboration with Compass Financial Technologies.

CoinShares launched two zero management fee index ETPs in Xetra, Germany

CoinShares, a leading provider of digital asset investment products and research, has announced the launch of two physically supported indices ETPs in the main German market Xetra: CoinShares Physical Top 10 Crypto Market ETP (code: CTEN) and CoinShares Physical Smart Contract Platform ETP (code: CSSC). This significant move comes at a time when cryptocurrency adoption is on the rise and as many investors recognize the value of having exposure to this rapidly evolving asset class.

Understanding the CoinShares Physical Top 10 Crypto Market ETP

The CoinShares Physical Top 10 Crypto Market ETP is designed to provide investors with exposure to the top 10 cryptocurrencies by market capitalization in a physically-backed format. These cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, form the backbone of the digital asset market and have seen significant growth in the past few years.

Understanding the CoinShares Physical Smart Contract Platform ETP

The CoinShares Physical Smart Contract Platform ETP is designed to provide investors with exposure to the evolving world of smart contract platforms. These platforms, including Ethereum, Polkadot, and Solana, enable developers to create decentralized applications and execute programmable contracts. This market is expected to grow significantly in the coming years, and this ETP provides investors with an easy way to gain exposure to it.

Collaborating with Compass Financial Technologies

CoinShares worked with Compass Financial Technologies to develop customized indexes for these ETPs. These indexes are designed to provide investors with exposure to different segments of the cryptocurrency market and track the performance of the underlying cryptocurrencies.

Zero Management Fees

One of the unique features of these ETPs is the zero management fee. This means that investors do not have to pay any ongoing management fees, which is a significant advantage as these fees can add up over time and erode investment returns.

Benefits of Investing in CoinShares Crypto Market ETPs

Investing in CoinShares crypto market ETPs offers a number of benefits for investors. These include:

Diversification

Investing in crypto market ETPs provides investors with exposure to a diversified portfolio of digital assets. This diversification can help to reduce risk and increase investment returns over time.

Convenient

Investing in crypto market ETPs is very convenient and easy. Investors can buy and sell these ETPs just like stocks, using their existing brokerage accounts.

Liquid

Crypto market ETPs are highly liquid, meaning that investors can buy and sell these ETPs quickly and easily, without any significant market impact.

Conclusion

The launch of CoinShares Physical Top 10 Crypto Market ETP and CoinShares Physical Smart Contract Platform ETP on the main German market Xetra is a significant milestone for the digital asset market. These ETPs provide investors with a convenient and low-cost way to gain exposure to the cryptocurrency market and the emerging smart contract platform segment. With zero management fees, diversification, convenience, and liquidity, investing in these ETPs is a compelling proposition for many investors.

FAQs

1. How can I invest in CoinShares crypto market ETPs?
A: Investors can buy and sell these ETPs just like stocks, using their existing brokerage accounts on the main German market Xetra.
2. What are the benefits of investing in crypto market ETPs?
A: Investing in crypto market ETPs offers a number of benefits, including diversification, convenience, and liquidity.
3. What is the management fee for CoinShares crypto market ETPs?
A: CoinShares crypto market ETPs have zero management fees, which is a significant advantage for investors.

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