5 min de lectureWith over a decade of experience, CoinShares is one of the leading providers of digital asset investment products. Initially operating in energy commodities, CoinShares pivoted to crypto in 2013 and launched the world’s first bitcoin exchange-traded product (ETP) in 2015. Since then, the company has expanded its offering to include a broad suite of ETPs—both physically-backed and synthetic—spanning single-asset exposure, staking-enabled products, and diversified crypto indices.
This article introduces what ETPs are, why they matter for crypto investors, and how CoinShares delivers its product range through two distinct platforms: CoinShares Digital Securities (CSDS) and CoinShares XBT Provider.
What are Crypto ETPs?
Exchange-Traded Products (ETPs) provide exposure to an underlying asset—such as bitcoin or an index—and are traded on mainstream exchanges. As of the end of 2024, global ETP assets under management surpassed $14.6 trillion. According to Oliver Wyman, ETPs are expected to comprise 24% of all fund assets by 2027.
Benefits of Crypto ETPs
No direct custody: Investors don’t have to handle wallets or exchanges.
Tradable: ETPs are listed and tradable like stocks and bonds.
Regulated: Governed by established financial frameworks.
Secure: Especially true for physical ETPs, which include third-party custodians and trustees.
Two types of crypto ETP structures
Physical: Directly hold the underlying crypto asset.
Synthetic: Use derivatives to mirror the performance of the asset.
What are CoinShares crypto ETPs?
CoinShares Digital Securities (CSDS): physically-backed crypto ETPs for European investors
CoinShares Digital Securities (CSDS) offers a suite of 100% physically-backed ETPs listed on leading continental European exchanges. All crypto assets are securely custodied by Jersey-regulated Komainu.
Different categories:
Single-Asset Physical ETPs:
5 physically-backed ETPs provide direct exposure to top digital assets such as: Bitcoin (BTC), Litecoin (LTC), Chainlink (Link), Uniswap (UNI) and XRP.Staked Physical ETPs:
for proof-of-stake (PoS) cryptocurrencies, CoinShares offers 8 staked ETPs that provide investors with staking rewards. Supported assets include: Ethereum, Cardano, Cosmos, Algorand, Solana, Polygon, Tezos, Polkadot. CoinShares handles the staking process, including validator selection and reward tracking, while Komainu securely stores the assets. These products are currently offered with a 0% annual management fee and are listed on SIX Swiss Exchange, Börse Xetra, and Euronext.Multi-Asset Index ETPs:
for broader exposure, CoinShares collaborated with Compass Financial Technologies to launch two index-tracking ETP: Top 10 Crypto Market ETP, which tracks the ten largest cryptos by market cap (excluding privacy coins and stablecoins); Smart Contract Platform ETP, which focuses on blockchain infrastructure protocols like Ethereum, Cardano, and Tron.
Learn about CoinShares Physical ETPs.
CoinShares XBT Provider : crypto ETPs for Swedish investor
CoinShares XBT Provider, launched in Sweden, is the pioneering platform behind the world’s first bitcoin ETP: Bitcoin Tracker One (2015). It was followed by Ether Tracker One (2017) and has grown into a diversified platform, with both physical and synthetic crypto ETPs listed on Nasdaq Stockholm, serving Swedish investors. In 2025, CoinShares XBT Provider also expanded its product offering with seven new physically-backed ETPS.
These products are widely used by Swedish retail and institutional investors. Since inception, they have attracted over $3 billion in capital inflows (as of May 2025).
Learn about CoinShares XBT provider ETPs.
Investors can buy XBT Provider ETPs via brokers with access to Nasdaq Stockholm, including Sweden’s leading platforms Nordnet and Avanza.
Key risks
As with any investment, there are risks involved when buying and selling physical crypto ETPs.
Volatility: Crypto prices are highly volatile.
Structure: Crypto ETPs are generally debt securities, not equities.
No Guarantees: Past performance is not indicative of future returns.
Investors should seek professional advice to evaluate whether a crypto allocation aligns with their goals.
Conclusion
CoinShares offers a comprehensive crypto ETP suite tailored to the needs of both continental European and Swedish investors. Through CoinShares Digital Securities, clients can access physically-backed products covering single assets, staking opportunities, and diversified indices. Meanwhile, CoinShares XBT Provider delivers a blend of physical and synthetic exposure within a regulated and transparent Swedish framework.
As the demand for regulated crypto exposure grows, CoinShares continues to innovate and lead the evolution of digital asset investment products.
For more details, visit coinshares.com or consult your broker.
