Select your product & input values
Data
Choose which CoinShares Physical ETP you want to analyse, the number of units you hold, and the valuation date for those holdings.
Coin Entitlement
The Coin Entitlement is a daily figure that shows exactly how much a single unit of your CoinShares Physical ETP is worth in crypto terms.
Implied fair value
The Implied Fair Value represents the price at which a single unit of the CoinShares Physical ETP gives you exposure to the underlying cryptocurrency, based on the Coin Entitlement and market rates.
This means you gained exposure to ... at an approximate price of ....
The Coin Entitlement is a daily figure that shows exactly how much a single unit of your CoinShares Physical ETP is worth in crypto terms.
Each day, this figure is reduced or increased to account for annual management fees and staking rewards (if applicable), both of which accrue daily.
Although our CoinShares Physical ETPs quotes reflect the relative underlying asset price in fiat currency, the creation and redemption between Authorised Participants and the Issuer are carried out with physical coins instead of fiat currency. The price in fiat currency, if you trade in the secondary market, will depend on the price of the relevant underlying cryptocurrency (or ‘Digital Currency’) quoted from your counterparty.
Prices may vary due to different reference prices being available in the market for each ETP. The Issuer of CoinShares Physical ETPs uses Compass Crypto Reference Indices ("CCRI") as a reference price by which to provide, on each day, an indicative Net Asset Value for the ETP.
You can find further information regarding our product in the Base Prospectus found here.
This table shows the historical Coin Entitlement figures for your chosen product:
- Individual
- Institutional
