CoinShares XBT Provider ETPs Reach Record Trading Volumes
Europe’s Largest Digital Asset Manager Crosses $2.9B in AUM as Investors Flock to Bitcoin Amidst Rally
SAINT HELIER, Jersey. Jan 5, 2021 - CoinShares (“the Company”), Europe’s leading digital asset investment firm, is proud to announce that the Company’s XBT Provider line of exchange traded products reached record trading volumes on Monday, January 4, 2021.
With more than €162M ($202M) in XBT certificates changing hands traded on the market’s first day of trading in 2021, CoinShares had the highest volume traded in any European listed crypto ETP. XBT Provider is a Swedish-based issuer of exchange traded products listed on Nasdaq Stockholm AB - part of Nasdaq Inc - and is wholly owned by the CoinShares Group.
Bitcoin markets have seen a surge in activity demonstrated by Bitcoin crossing $30,000 on January 2, 2021 and its continued rally, hitting highs of $34,500. Over the past seven years CoinShares has set the standard for trust and transparency provided to investors, putting the Company in a unique position to bridge the gap between institutional investors and digital assets.
“We are seeing an unprecedented volume of interest in Bitcoin from institutional investors,” said Frank Spiteri, CoinShares’ Chief Revenue Officer. “As wealth managers, private banks and European institutions look to add Bitcoin to their portfolios, our ETPs are the logical choice. With over seven years of experience in the marketplace, CoinShares is the one of the world’s leading digital asset firms with unparalleled experience and expertise.”
Since listing in 2015, XBT Provider has achieved a number of milestones:
- December 2017: XBT Provider crossed $1B in AUM for the first time;
- January 2018: XBT Provider reached $182M in daily turnover, with average daily volume of $85.5M;
- March 2019: CoinShares’ XBT Provider was named Europe’s most Innovative ETF Provider;
- November 2020: XBT Provider surpassed $2B in AUM;
- January 4, 2021: XBT Provider reached $202M in daily turnover and $2.9B in AUM.
Chief Executive Officer at CoinShares, Jean-Marie Mognetti, added “The narrative shift around Bitcoin over the last six months has been profound. Investors used to consider it a risk to allocate to bitcoin. Now it’s a risk not to allocate to Bitcoin. As more investors look to Bitcoin as a viable investment option, our XBT Provider products continue to offer exposure to Bitcoin via traditional brokerage accounts across Europe, making it easy for investors of all types to gain exposure to Bitcoin without the premium associated with other products in the market or the risk of trading and securing your own assets.”
About XBT Provider
XBT Provider AB (Publ) (“XBT Provider”), a CoinShares company, is the Swedish-domiciled issuer of the Bitcoin Tracker One (COINXBT:SS), Bitcoin Tracker Euro (COINXBE:SS), Ether Tracker One (COINETH:SS) and Ether Tracker Euro (COINETHE:SS) series of certificates and others (collectively, the “Certificates”) which are designed to synthetically track the performance of the price of the relevant underlying crypto-asset, bitcoin or ether (in Swedish Kronor or Euro, respectively), less a fee component.
In 2015, Bitcoin Tracker One became the first bitcoin-referenced security available on a regulated exchange when it listed on Nasdaq Stockholm. In 2017, Ether Tracker One became the first ether-referenced security available on a regulated exchange when it listed on Nasdaq Stockholm. The Certificates are available and traded in the same manner as any other share or instrument listed on the Nasdaq Stockholm.
XBT Provider’s Prospectus is approved by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) and the Certificates are governed by Swedish law. XBT Provider is not a licensed financial advisor. The views presented in this release are the opinions of the Board of XBT Provider and no other party. Bitcoin and ether are volatile assets and their prices (and the price of securities that are referenced to them) can move quickly, positively or negatively. Prospective investors in the Certificates should carefully consider the suitability of such an investment and whether they have sufficient financial resources in order to be able to bear the risks associated therewith and, in connection with such a determination, should carefully read XBT Provider’s latest Prospectus (including, in particular, the risk warnings set out therein). The Certificates do not confer on the holders thereof any claim to or against the relevant underlying crypto asset to which they are referenced. The value and any payment due under the Certificates will be affected by the exchange rate between the US Dollar and the Euro or, as the case may be, between the US Dollar and the Swedish Kronor. Any returns upon the Certificates will not be the same as the returns which a direct investment of an equivalent sum in the relevant underlying crypto asset could produce. The Certificates are non-equity linked, non-principal protected, unsecured and unsubordinated and do not bear interest.
CoinShares is Europe’s largest digital asset investment firm, managing $2.9 billion of assets on behalf of a global client base. Our mission is to expand access to the digital asset ecosystem by pioneering new financial products and services that provide investors with trust and transparency when accessing this new asset class.
For more information on CoinShares, visit: https://coinshares.com/
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