CoinShares Physical Bitcoin ETP

Name: Physical Bitcoin
Brand: Coinshares
SKU: GB00BLD4ZL17
Availability: InStock

A 100% physically-backed ETP providing secure, transparent and low-cost exposure to the world’s first and largest cryptocurrency, bitcoin.

Factsheet

Asset under Management (US$)

1,856,323,590

YTD Performance

17.09%

Fees

0.25%

Asset under Management (US$)

1,856,323,590

YTD Performance

17.09%

Fees

0.25%

01Product

Best-in-class
Bitcoin ETP

As convenient as it gets

With CoinShares Physical Bitcoin ETP, access bitcoin exposure right through your favourite investment platform. Keep all your investments in one place.

Explore where to buy

100% physical

CoinShares Bitcoin ETP is 100% physically backed by bitcoin.
For each investment in bitcoin, the very same amount is bought in bitcoin and stored with an institutional-grade custodian, Komainu.

Learn more about Physical ETP

Fully transparent

CoinShares Physical ETPs' reserves, verified by The Network Firm, are publicly available. Using the LedgerLens tool, investors can ensure products are always backed by the appropriate amount of underlying digital asset(s).

Check CoinShares ETPs holdings in real-time

Product ID

Product name
Ticker
ISIN

Key Information

Data as of 25/08/2025

Inception date19/01/2021
Fees p.a.0.25%
AuMUSD 1,879,790,254
Coin Entitlement0.00096425

Documents Available

FactsheetDownload
KIDDownload
ProspectusDownload
Final termsDownload

CoinShares Physical Bitcoin ETP Performance

02 Performance

YTD+17.09%

1m-4.57%

3M+2.52%

1Y+71.23%

Since Inception+182.38%

Key risks

Investor's capital is at risk and investors may lose part or all of their investment. Crypto ETPs are complex products that can be difficult to understand. These figures refer to the past and past performance is not a reliable indicator of future returns

Trading Information

03Trading

Country

Exchange

Trading Currency

Bloomberg Code

Isin

WKN

Listing Date

Germany
Xetra
EUR
BITC GY Equity
GB00BLD4ZL17
A3GPMN
2021-06-07
Netherlands
EN Amsterdam
EUR
BITC NA Equity
GB00BLD4ZL17
A3GPMN
2021-09-07
France
EN Paris
EUR
BITC FP Equity
GB00BLD4ZL17
A3GPMN
2021-09-07
Switzerland
SIX Swiss Ex
USD
BITC SE Equity
GB00BLD4ZL17
A3GPMN
2021-01-19
Switzerland
SIX Swiss Ex
CHF
BITCCHF SE Equity
GB00BLD4ZL17
A3GPMN
2021-01-19
Switzerland
SIX Swiss Ex
EUR
BITCEUR SE Equity
GB00BLD4ZL17
A3GPMN
2021-01-19
Switzerland
SIX Swiss Ex
GBP
BITCGBP SE Equity
GB00BLD4ZL17
A3GPMN
2021-01-19
United Kingdom
LSE
USD
BITC LN Equity
GB00BLD4ZL17
A3GPMN
2025-01-14
United Kingdom
LSE
GBP
BITP LN Equity
GB00BLD4ZL17
A3GPMN
2025-01-14

04Details

Structure

Key Service Providers

Legal & Tax

Domicile	Jersey
Legal Structure	Debt Security (ETP)
Replication Method	Physical

Buy CoinShares Physical Bitcoin ETP through your favourite broker

01 — Copy product ID

Copy the ISIN or Ticker of CoinShares Physical Bitcoin ETP. This information is essential to identify the correct product.

02 — Open your broker account

Add crypto to your portfolio while using your existing account or create a new one.

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03 — Search for the product

On your broker account, search for the product by pasting its ISIN or Ticker and select it.

04 — Enter order details

Set the number of ETP shares you wish to buy, review your order and confirm the trade.

How do Physical Bitcoin ETPs work?

Every share of a CoinShares Physical ETP is ‘physically backed’ by an amount of actual cryptocurrency, which is securely stored with a specialised custodian. You can see how much crypto is backing your shares by checking the daily Coin Entitlement figure (i.e. how much crypto each share of an ETP entitles the holder to).

Why should I consider exposure to bitcoin?

A small allocation to Bitcoin can significantly impact your portfolio without greatly increasing risk. Research indicates that Bitcoin adds diversification by offering exposure to a market that can decorrelate from traditional assets. In a digital world, Bitcoin's security, decentralisation, predictability, trust minimization, and censorship resistance make it a unique financial asset. However, Bitcoin remains highly volatile and subject to rapid price fluctuations. Investment in one or more of the CoinShares Products may not be suitable for even a relatively experienced and affluent investor. Investments should be made on the basis of the current prospectus and the Key Information Document, which are available along with further legal documentation on this website.

What is physical bitcoin?

CoinShares Physical Bitcoin ETP is a type of financial product that trades just like a stock or exchange-traded fund, and is designed to track the price of Bitcoin, offering a convenient way for investors to gain exposure to the cryptocurrency market. It is ‘physically’ backed by actual bitcoin holdings, ensuring that the investment product has a close correlation with the value of bitcoin.

Learn more

Is there an actual physical bitcoin?

Bitcoin (BTC) is a digital cryptocurrency existing as code on a decentralised blockchain. "Physical Bitcoin" often refers to physically backed Exchange-Traded Products (ETPs), which represent ownership of bitcoin without handling the digital assets. Bitcoin is intangible, and any physical representation usually involves a certificate or token backed by its value, not a physical coin or note.

How do I redeem a physical bitcoin?

CoinShares Physical ETPs have a built-in ‘physical redemption’ mechanism, whereby the registered holder of the ETP can make a redemption application to receive physical crypto in return for their ETP holding. Please refer to the ETP Documents page and choose the ‘Physical Redemption’ section for more information.

Check ETP Documents