Crypto Investors Get First Multi-strategy Group Of Investment Products - Coinshares Launches With $300mm In Crypto-assets
JERSEY, CHANNEL ISLANDS, OCTOBER 5, 2017 - The team behind the first regulated bitcoin hedge fund and Exchange Traded Bitcoin notes, is announcing CoinShares - new home to their growing portfolio of crypto investment vehicles.
With the announcement, GABI, the group’s bitcoin fund and XBT Provider, issuer of two bitcoin ETNs, become part of the CoinShares group of products; a family which collectively represents $300MM in crypto-assets.
“We are bringing these pioneering products under one brand so that investors can grow with a familiar partner. It’s the next logical step in professionalizing crypto-finance - as more assets mature in the space, more investors will demand exposure; and we will continue our focus on providing professional grade access. This is about giving those investors a standard and brand they can trust as we enter this next phase of crypto-investment,” says Daniel Masters, Co-Principal at CoinShares.
In the last 6 months some of the biggest retail brokerages in the United Kingdom, France, Germany, Italy and Denmark all began to offer clients access to bitcoin exposure through two of CoinShares’ exchange traded bitcoin notes issued by XBT Provider AB. In June, CoinShares closed the world’s first fund denominated in ether. And in September, GABI, the regulated bitcoin fund celebrated its three year anniversary. Crypto-finance is unquestionably experiencing a rapid evolution.
“This launch marks an inflection point - maturity is really the word that comes to mind here. In the last 3 years, we have seen bitcoin go from a confusing topic in board rooms to a hotly debated investment strategy; consequently, our offering of products has grown to suit this changing environment,” says Jean Marie Mognetti, Co-Principal at CoinShares.
CoinShares’ family of products includes both managed strategies and exchange traded products, each designed for a specific class of investor, making it the first brand to offer a multi-strategy approach to crypto investment. In addition, the team behind the products is composed of experienced finance professionals from JP Morgan, Lehman Brothers & State Street; and has a near two-decade record in (alternative) investment management.
“We have seen governments and traditional financial institutions fight, fail, embrace and ban bitcoin. We have seen a futures market form, leverage layers deepen and merchant adoption increase. In the last 18 months, at least 15 cryptocurrency ‘funds’ hit the market and at least 5 crypto-based investment products are currently pending review with regulators in the U.S. and elsewhere. Now, CoinShares represents the first branded group of investment products in crypto-finance and we could not be more excited to continue to deliver smart access to the crypto-revolution," says Ryan Radloff, Co-Principal at CoinShares.
MORE ABOUT COINSHARES
CoinShares serves a global investor base seeking to invest in the emerging digital asset market(s) with a family of products which offer exposure to bitcoin and other emerging digital currencies/assets. CoinShares represents GABI - the first regulated bitcoin fund in the world; Bitcoin Tracker One (and Bitcoin Tracker Euro) the first exchange traded bitcoin products, globally; and CoinShares Fund 1 - the first fund denominated in cryptocurrency (ETH). CoinShares is backed by a team with deep experience in Exchange Traded Products, Hedge Funds, Commodities, FX, Market Making and both active and passive investment in frontier markets. For more information on CoinShares, please see the factsheet at coinshares.co.uk or email [email protected].
CONTACT: Fitch Carrere | [email protected]
"The following important information relates to the Global Advisors (Jersey) Limited (“GAJL”) who are acting as Distributor to Coinshares. GAJL is authorised and regulated by the Jersey Financial Services Commission in the conduct of investment business and fund services business.
GAJL is registered as a commodity trading advisor, operating pursuant to a CFTC regulation article 4.7, with the Commodities Futures Trading Commission and a member of the National Futures Association. (No. 0405699). GAJL is a registered company (No. 102184) with its trading offce at F3 The Forum, Grenville Street, St Helier, Jersey, JE2 4UF, Channel Islands.
This information is directed only at persons who: a) Are expert investors who fall within the defnition of “Expert Investors published by the Jersey Financial Services Commission b) Are otherwise permitted to read this factsheet in compliance with the governing laws of their respective jurisdiction. It is not directed at or intended for retail clients. Any person considering an investment into any of GAJL’s products must ensure that they are suitably qualified, experienced and knowledgeable on such investments considering jurisdictional rules, regulations and restrictions, tax implications, residence or domicile and their financial circumstances. Past performance is not a guide to what may happen in the future.
Prospective investors should be aware that the value of their investments could fall as well as rise. Any investment carries the risk of potential loss of capital and investors may not get back the value of their original investment. Information may include data and opinions derived from third parties sources, GAJL does not accept liability for the accuracy or completeness of any such information or opinions which can be subject to change without notice. Furthermore, the information provided does not constitute an offer to buy or to sell shares, nor does it constitute investment, legal or tax advice. Details relating to the investment including the risk disclosures can be found in the Offering Document or any other appropriate documents as issued from time to time.
This brief statement cannot disclose all the risks and other significant aspects of the various market traded by GAJL. Pursuant to an exemption from the CFTC in connection with accounts of qualified eligible persons, this information does not require to be, and has not been, filed with the CFTC. The CFTC has not passed upon the merits of participating in any of GAJL's investment programs or the adequacy of the contents of this information. Taking into account the information herein, if you are in any doubt as to whether this investment is suitable for you, you should consult your financial advisor.
XBT Provider is the Issuer of COINXBT & COINXBE bitcoin-tracker ETNs listed on Nordic Nasdaq. It is not a licensed financial advisor. The views presented in this document are the opinions of CoinShares and where relevant have been attributed as such. Bitcoin is a volatile instrument and prices can move quickly. CoinShares is not responsible for any financial losses incurred directly or indirectly by the recipient.
This publication and the information contained in it must not be distributed and/or redistributed to, used or relied upon by, any person (whether individual or entity) who may be a US person under Regulation S under the US Securities Act of 1933. US persons include any US resident; any corporation, company, partnership or other entity organized under the law of the United States and other categories set out in Regulations.
This document does not constitute an offer to sell or a solicitation or initiate to subscribe or to make an offer to buy ay securities, nor does it provide a basis for any contract or obligation of any kind.
XBT Provider constructs and issues the products. We do not, however, give any financial advice or accept client funds. For questions regarding investing or trading please contact your advisor, brokerage or bank. If you have technical questions regarding our products, please contacts us. For more info on the notes and CoinShares, reach out to [email protected] or you can find details on the website here: www.coinsharesgroup.com"