Asset Management Platform
COINSHARES INTERNATIONAL LTD
CS Bitcoin Hourly Reference Rate

CoinShares Physical
Bitcoin ETP

100% backed by physically held BTC, CoinShares Physical Bitcoin ETP offers a secure & straightforward exposure to the performance of the world’s largest public blockchain.

Learn more about CoinShares Physical

Key Information

Fact Sheetdownload icon

Bitcoin: world’s first & leading blockchain

21 million

Limited supplyinfo
By design, there will only be 21 million Bitcoin, for ever. This limited supply creates a scarcity effect and contributes in establishing Bitcoin as the digital gold.

Market capitalizationinfo
Market capitalization is the total value of all bitcoins in circulation. It is calculated by multiplying the current price of one bitcoin by the number of bitcoins in circulation.

The fundamental case of Bitcoin

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All about Bitcoin

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Bitcoin’s energy consumption

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The Bitcoin effect.

What would be the impact of Bitcoin in your portfolio? CoinShares research shows that, on historical data, a small amount of Bitcoin improved the overall performance of the portfolio, with a limited impact on volatility.

Simulation based on data from October 2015 to November 2022

Source: Bloomberg, CoinShares, data available as of close November 24th, 2022.

Annualized returns
Max drawdown
Volatility
Correlation to standard portfolio
standard portfolio pie chart
Standard

60% Stocks + 40% Bonds

6.9%
21.4%
9.3%
-
portfolio pie chart with gold
Gold

57% Stocks + 39% Bonds + 4% Gold

7.0%
20.9%
9.0%
99.8%
portfolio pie chart with bitcoin
Bitcoin

57% Stocks + 39% Bonds + 4% Bitcoin

14.4%
22.9%
10.4%
92.5%

Key information & risks

  • Investor's capital is at risk and investors may lose part or all of their investment.
  • These figures refer to the past and past performance is not a reliable indicator of future returns. Performance is presented in US dollars and gross of any fees.
  • Data derived from a balanced 60/40 equity/bond portfolio, with an equal weight detraction to allocate to Bitcoin, Gold.
  • MSCI World total return, Bloomberg total return 7-10 year bond, XBTUSD, Gold are used.
  • A quarterly rebalancement has been used in this simulation.

CoinShares Physical Bitcoin

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Performance since inception

CoinShares Physical Bitcoin

Key statistics

Find out exactly how much your holding of CoinShares Physical ETPs is worth. Multiply the number of Securities you own by the Coin Entitlement figure to calculate the value of your holding in crypto terms.

Capital at risk.

Crypto ETPs are complex products that can be difficult to understand. Past performance is not a reliable indicator of future returns.

Best-in-class Bitcoin ETP

Proof of reserves

Enhancing investor protection and transparency

This proof of reserves, provided by an external accountant The Network Firm, ensures proof of reserves that CoinShares Physical ETPs are at all time backed by the appropriate amount of underlying digital assets. CoinShares Physical ETPs’s reserves are fully accessible online and retrievable in real-time.

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Buy CoinShares Bitcoin Physical ETP through your favourite broker

CoinShares Physical Bitcoin ETP is accessible through multiple brokers & banks in just a few clicks. Pick your favourite, choose your amount to invest, monitor and rebalance your crypto exposure easily alongside your other investments.

​​WHERE TO BUY OUR PRODUCTS
Please note that CoinShares' ETPs are unavailable in your selected country.
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People also ask

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How do CoinShares Physical ETPs give me exposure to crypto?

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).

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Why should I consider exposure to bitcoin?

Even a small allocation to bitcoin can make a meaningful impact on your portfolio without significantly increasing your risk. Research suggests that adding Bitcoin to your portfolio can contribute to diversification by expanding your exposure to a market that can decorrelate with traditional asset classes. In an increasingly digital and interconnected world, Bitcoin's features, such as security, decentralisation, predictability, trust minimization, and censorship resistance, make it stand out as a unique financial and monetary asset. Still, bitcoin can be extremely volatile and subject to rapid fluctuations in price, positively or negatively. 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.

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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.

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Is there an actual physical Bitcoin?

Bitcoin (BTC) is a purely digital cryptocurrency, existing in the form of code on a decentralised blockchain network. When people refer to "physical Bitcoin," they are often talking about physically backed Exchange-Traded Products (ETPs). These are investment vehicles that represent ownership of Bitcoin without the need to handle the digital assets themselves. It's important to understand that Bitcoin itself is intangible, and any physical representation usually involves a certificate or token backed by the cryptocurrency's value, not the direct possession of a physical coin or note.

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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.

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