The FCA approves digital asset pioneer CoinShares Bitcoin and Ethereum ETN prospectus for UK retail

30 October 2025 | SAINT HELIER, Jersey | CoinShares International Limited ("CoinShares" or "the Group") (Nasdaq Stockholm: CS; US OTCQX: CNSRF), Europe's leading asset manager specialising in digital assets with ~US$10 billion in AuM, is delighted to announce that the UK’s Financial Conduct Authority (FCA) has approved CoinShares Digital Securities Limited’s base prospectus relating to its Exchange Traded Products Programme for the issue of CoinShares Physical Bitcoin Digital Securities and CoinShares Physical Staked Ethereum Digital Securities for UK retail.

Noting the FCA’s recent policy change regarding retail access to cryptoasset-backed exchange-traded notes (cETNs) in the UK, CoinShares welcomes this development as a positive step toward greater regulatory clarity for the UK digital-asset market. 

Jean-Marie Mognetti, Chief Executive Officer of CoinShares, commented: “We welcome the FCA’s recognition of the maturing nature of digital-asset markets. CoinShares has long advocated for well-designed regulation that balances investor protection with innovation. We look forward to continued engagement with policymakers to help shape a sustainable digital-asset ecosystem in the UK.”

The Group believes that a transparent and well-regulated environment will support the continued professionalisation of the digital-asset investment ecosystem and provide a foundation for responsible innovation.

CoinShares has operated in Europe’s regulated markets for more than a decade. The Group will continue to monitor UK regulatory developments and evaluate opportunities for future participation consistent with its regulatory obligations and risk-management framework.

Important information

This announcement is provided for information purposes only. It does not constitute an offer to sell, a solicitation to buy, or an invitation to engage in any investment activity in any jurisdiction. No information contained herein should be construed as investment advice, recommendation, or an endorsement of any product or service. Any reference to regulation or market developments is factual in nature and provided solely to inform stakeholders about CoinShares’ corporate and regulatory context.

About CoinShares

CoinShares is the leading European asset manager specializing in digital assets, that delivers a broad range of financial services across investment management, trading and securities to a wide array of clients that includes corporations, financial institutions and individuals. Focusing on crypto since 2013, the firm is headquartered in Jersey, with offices in France, the UK and the US. 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. CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF. 

For more information on CoinShares, please visit: https://investor.coinshares.com

Company | +44 (0)1534 513 100 | [email protected]

Investor Relations | +44 (0)1534 513 100 | [email protected]

Media contacts:

CoinShares | Benoît Pellevoizin | [email protected]

H/Advisors Maitland | Neil Bennett and Freddie Barber | [email protected]