Altcoin News

CoinShares To Launch FTX Token ETP, Bullish Signal For FTT Prices?

Digital asset manager CoinShares said on Thursday it will launch a new exchange-traded product tracking the FTX token (FTT).
Published by
CoinShares To Launch FTX Token ETP, Bullish Signal For FTT Prices?

CoinShares, Europe’s largest digital asset manager, said on Thursday it will launch a new exchange-traded product directly tracking the FTX token (FTT). The launch is in partnership with world no. 3 crypto exchange FTX.

The ETP will launch on Germany’s Xetra exchange, and will initially begin with seed capital of about $40 million.

The launch is the second ETP launched in partnership between CoinShares and FTX. Earlier this year, the two launched a physically-backed Solana ETP, which gave investors exposure to SOL staking rewards.

FTT prices reacted positively to the move, rising about 1.7% immediately after the announcement. But the new ETP could indicate more gains for FTT.

Advertisement

FTT set for big institutional money?

The new ETP makes investing in FTT accessible to a wide variety of investors. Equity-focussed investors can now gain exposure to the crypto without actually buying tokens. This could also attract a slew of institutional traders looking to gain exposure to the token.

FTT is the native token on the FTX crypto exchange, and is used to facilitate transactions on the exchange. Its price movements also provide some context on FTX’s trading volumes.

As such, investors looking to gain exposure to FTX can also buy the token, given that the exchange does not have publicly listed shares.

Advertisement

Altcoins see growing institutional demand

Coinshares’ newest FTT product is its fifth crypto-related launch this year. The move comes amid growing institutional interest in tokens beyond the stalwart Bitcoin and Ethereum.

The asset manager already offers ETPs covering Polkadot, Tezos, Cardano, and Litecoin. But it hasn’t been alone in exploring altcoin-backed instruments.

U.S.-based Grayscale had earlier this year launched a smart contracts fund tracking several altcoin projects. Fund managers such as Wisdomtree and 21Shares also offer a variety of altcoin-backed products, while exchange operator CME recently launched indexes tracking altcoin prices.

But ETPs that directly track crypto prices are relegated to non-American countries, given that the United States is yet to approve a spot crypto product.

Still, ETFs and institutional products are instrumental in attracting large capital flows into crypto.

Share
Ambar Warrick

With more than five years of experience covering global financial markets, Ambar intends to leverage this knowledge towards the rapidly expanding world of crypto and DeFi. His interest lies chiefly in finding how geopolitical developments can impact crypto markets, and what that could mean for your bitcoin holdings. When he isn't trawling through the web for the latest breaking news, you can find him playing videogames or watching Seinfeld reruns. You can reach him at ambar@coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Bitcoin News

Bitcoin Treasuries Add Nearly $1B BTC This Week as Holdings Cross 1M BTC

This week, corporate Bitcoin treasuries exceeded 1 million BTC in total holdings. From September 1…

September 7, 2025
  • Bitcoin News

Peter Schiff Criticizes Bitcoin’s Performance Following Gold’s Rally To New ATH

Popular gold advocate Peter Schiff has criticized Bitcoin’s weakness against gold, calling it near bear…

September 7, 2025
  • Bitcoin News

Arkham Uncovers $5 Billion in Untouched Bitcoin From Germany’s Movie2K Seizure

Arkham Intelligence has identified 45,000 Bitcoin (BTC), valued at nearly $5 billion, that remains untouched…

September 7, 2025
  • 24/7 Cryptocurrency News

Ethereum Spot ETFs Record $447 Million in Outflows Amid Crypto Market Decline

Ethereum ETFs faced a sharp investor pullback this week, shedding nearly half a billion dollars…

September 6, 2025
  • 24/7 Cryptocurrency News

World Liberty Financial Discloses Reason for Blacklisting 272 Wallets

World Liberty Financial (WLFI) has confirmed that it blacklisted 272 wallets and explained why it…

September 6, 2025
  • 24/7 Cryptocurrency News

September 50 BPS Fed Rate Cut Odds Climb Ahead of CPI, PPI Data

Traders are beginning to price in the possibility of a 50 basis points (bps) Fed…

September 6, 2025