CoinShares Continues to Pioneer Accessibility with Major Fee Reduction for CoinShares Physical Bitcoin
Upholding Our Commitment to Innovation and Accessibility: CoinShares Physical Bitcoin Management Fees Set to Decrease from 0.98% to 0.35% p.a. Starting 1st February 2024, Strengthening Trust and Affordability in Digital Asset Investments
25th January 2024 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares'' or “the Company”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF), proudly announces a strategic reduction in the management fees for its flagship product, CoinShares Physical Bitcoin (ISIN GB00BLD4ZL17 | WKN A3GPMN). This move, effective from 1st February 2024, will significantly decrease the management fee from 0.98% p.a. to an industry-leading 0.35% p.a. for physically backed Bitcoin ETPs in Europe, setting new benchmarks for accessibility in the digital assets sector.
This decisive action reaffirms CoinShares' commitment to democratising the digital assets landscape. By implementing this fee reduction, CoinShares not only broadens access for a diverse range of investors to participate in digital assets through regulated products but also fortifies its position as a leader in innovation and competitive pricing within the digital asset investment sector. This ethos is further exemplified by the company’s pioneering staking crypto ETPs, characterised by management fees reduced to 0% p.a. and the sharing of staking rewards with investors, establishing a new standard in value-driven asset management.
Frank Spiteri, Head of Asset Management at CoinShares, highlighted the significance of this decision, stating, "This fee reduction reaffirms our commitment to leading the market in terms of innovation and competitiveness. Our goal is to ensure that our products, including CoinShares Physical Bitcoin, are not just superior in quality but also the most accessible to investors throughout Europe. Starting from 1st February, CoinShares Physical Bitcoin will be recognised not only for its cost-effectiveness but also as one of the most affordable options for Bitcoin exposure in Europe, setting us apart from the competition. This change mirrors CoinShares' progressive approach towards the institutionalisation of digital assets, aiming for broader democratisation through regulated products like our crypto ETPs. With this pricing structure, investing in a Bitcoin crypto ETP through CoinShares becomes a more economical choice than purchasing Bitcoin on many mainstream crypto platforms.”
ABOUT COINSHARES
CoinShares is Europe’s leading investment company specialising 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, Sweden, Switzerland, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, in the US by the 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://coinshares.com
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PRESS CONTACT
CoinShares
Benoît Pellevoizin
+33 6 72 44 07 17
M Group Strategic Communications
Peter Padovano