The Capital
Published in

The Capital

CoinShares To Launch Physically Backed Ethereum ETP

Digital asset management company CoinShares has announced the launch of an physically backed exchange-traded product (ETP) based on Ethereum.

CoinShares Physical Ethereum under the ticker ETHE will be the company’s second cryptocurrency ETP.

Each share of ETHE at issuing is provided with 0.03 ETH. The volume of assets under ETP management will be approximately $75 million, which will allow institutional and corporate investors to invest in Ethereum.

Earlier, the company launched a similar product based on Bitcoin. It is traded on Switzerland’s largest stock exchange, the SIX Swiss Exchange.

Said Frank Spiteri, Director of Earnings at CoinShares.

ETHE will also be listed on SIX Swiss Exchange, where it will have a base commission of 1.25%.

Originally published at https://thecryptobasic.com on February 25, 2021.

--

--

A publishing platform for professionals in business, finance, and tech

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
The Crypto Basic

The Crypto Basic is focused on covering the most important topics of Cryptocurrency https://thecryptobasic.com/