CoinShares launches physically-backed Bitcoin ETP and eyes seven further crypto launches

$100m seeding level meets requirement

James Baxter-Derrington
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CoinShares plans to launch a further seven crypto ETPs in addition to its Bitcoin offering
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CoinShares plans to launch a further seven crypto ETPs in addition to its Bitcoin offering

CoinShares has launched a physically-backed Bitcoin ETP, the first of a full suite of eight digital securities the firm hopes to bring to market.

The CoinShares Physical Bitcoin ETP (BITC) comes to market with assets under management in excess of $100m, allowing the product to be considered by institutional investors. Each unit of BITC is backed...

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