CoinShares (Nasdaq Stockholm: CS) (OTCQX: CNSRF) is reporting that its CoinShares Physical Bitcoin ETP (ticker: BITC; ISIN: GB00BLD4ZL17) is now the top European Bitcoin physical exchange-traded product (ETP) by assets under management (AUM). Morningstar shows that BITC currently holds almost $1.5 billion in Bitcoin.
CoinShares states it manages over $5.4 billion in Bitcoin in Europe, leading the European digital asset ETP market.
Coinshares Group currently has total AUM of over $8.9 billion.
Recently, Bitcoin has hit new highs following the victory of President Elect Donald Trump which will usher in a new era of digital asset acceptance in innovation.
Frank Spiteri, Head of Asset Management at CoinShares, said they launched their Bitcoin Physical Product in 2021, entering the market after their competitors.
“Today, we’re accelerating and capturing significant market share, leading the way in the industry. Our focus on best-in-class product structuring, accessible management fees, and a robust distribution strategy is delivering outstanding results.”
CoinShares specializes in digital assets, providing investment management, trading, and securities to clients that include corporations, financial institutions, and individuals.
CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, and in the US by the Securities and Exchange Commission, National Futures Association, and Financial Industry Regulatory Authority.
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