CoinShares debuts in the Ethereum ETP

ETHE is listed on the SIX Swiss Exchange with a TER of 1.25%

CoinShares has expanded its offering of Cryptocurrency Exchange Traded Product (ETP) with the introduction of an Ethereum strategy.

The CoinShares Physical Ethereum ETP (ETHE) is listed on the SIX Swiss Exchange with a total expense ratio (TER) of 1.25%.

Each unit of ETHE is physically secured with 0.03 ether at launch to allow investors passive exposure to Ethereum’s native assets.

ETHE is traded in US dollars and has $ 75 million in assets under management (AUM) at launch, meaning it has crossed the threshold for scrutiny by institutional investors.

Townsend Lansing, product lead at CoinShares, said the rollout is the next step in the company’s mission to make crypto assets accessible through ETPs.

Lansing said, “By introducing innovative products like ETHE, we can continue to set the industry standard for trust and transparency, and provide institutions with easy access to crypto-investment vehicles.”

The company’s Chief Revenue Officer Frank Spiteri (pictured) added that institutional demand for digital assets from 2020 shifted with increasing interest in Ethereum.

“We are encouraged that our customers trust our team to guide them on their way through the ecosystem of digital assets, and for many the Ethereum is an important part of this journey.”, Schloss Spiteri.

The start takes place one month after the company a physically secured Bitcoin ETP, the CoinShares Physical Bitcoin ETP (BITC), on the SIX Swiss Exchange.

It also comes after two publications from the Swedish Financial Supervisory Authority asking issuers to think twice about making crypto ETPs available to retail investors.

Comments are closed.