Crypto ETPs are making their way to the European market quite fast. Europe’s largest crypto investment firm CoinShares announced that three of its physically-backed crypto ETPs have been listed on Germany’s much popular Börse Xetra exchange.
Thus, shares of CoinShares Physical Bitcoin, CoinShares Physical Ethereum, CoinShares Physical Litecoin ETP shall be traded on the exchange. These crypto ETPs trade similar to public listed stocks on the exchanges. the listing of the three crypto ETPs on Börse Xetra comes following the approval from the Swedish regulator for distributing the ETPs across the EU.
CoinShares recently released its crypto funds flow report tracking the inflow and outflow across different crypto investment vehicles. The report notes that the price volatility in the crypto market has served as a catalyst for investment. Frank Spiteri, CoinShares’ Chief Revenue Officer said:
“After launching in January, the CoinShares Physical platform now has over $380m in assets under management and is passported to eleven countries. This cross-listing is another important step for CoinShares Asset Management, providing investors across Europe with easier access to digital assets. We look forward to leveraging the Company’s technology and expertise as we build on this momentum and move into new markets, investment exposures and strategic partnerships over the course of the year.”
Driving Crypto Institutional Interest Across EU
Börse Xetra is Germany’s leading exchange and preferred destination EU institutional investors. Thus, launching these crypto ETPs on this platform will surely give it massive liquidity. At the same time, it gives institutional players an entry into the digital assets market without any regulatory constraints.
Earlier today, 21Shares also launched its institutional-grade Bitcoin (BTC) and Ether (ETH) ETPs in the U.K for the very first time. 21Shares launched it in partnership with leading market-maker and liquidity provider GHCO.
The number of crypto ETP issuers in Europe is increasing as top financial institutions aim to gain the crypto ETP market share by getting institutional players to their platform.
- BlackRock Dumps Ethereum, Buys $366M in Bitcoin
- GEMI Stock Rises Over 20% Following Gemini’s Debut on Nasdaq
- Shiba Inu DEX ShibaSwap Releases New Upgrade To Strengthen SHIB Ecosystem
- REX-Osprey Solana Staking ETF’s AUM Hits New High Amid SOL Rally
- Breaking: Tether To Launch US-Based Stablecoin USAT With Bo Hines As CEO
- HBAR Price Prediction Amid DTCC Listing and Archax Expansion — Is $0.50 Next?
- Ethereum Price Eyes a 40% Surge as Morgan Stanley Shifts Fed Cuts Forecast
- Solana Price Prediction: Ford’s $1.65B Treasury Bet Sets Sights on $320
- Dogecoin Price Prediction as CleanCore Pushes Toward 1B DOGE Target- Is 92% Rally Ahead?
- SHIB Price Forecast as LEASH V2 Rollout Expands Cross-Chain — Is a 200% Rally Ahead?