Our NewsletterInvestor RelationsOur NewsletterInvestor RelationsOur NewsletterInvestor RelationsOur NewsletterInvestor RelationsOur NewsletterInvestor RelationsOur NewsletterInvestor Relations
Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. The website cannot function properly without these cookies.
Preference cookies enable a website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in.
Statistic cookies help website owners to understand how visitors interact with websites by collecting and reporting information anonymously.
Marketing cookies are used to track visitors across websites. The intention is to display ads that are relevant and engaging for the individual user and thereby more valuable for publishers and third party advertisers.
Image Understanding the CoinShares crypto product range

Understanding the CoinShares crypto product range

Timer5 min read

With 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.

Learn more about crypto ETPs.

 

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.

CoinShares CSDS Product List

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).

XBT Provider Product List

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.

Published on29 Nov 2023

Related articles

Welcome
to CoinShares

Personal data

0102

When you visit CoinShares website, cookies enhance your experience. They help us to show you more relevant content. Some cookies are necessary for the site to work and will always be active. Blocking some types of cookies may impact your experience of the website and the services which we offer on our website.

We use cookies on our site to optimize our services. Learn more about our EU cookie policy or US cookie policy.

  • Necessary
    Question circle icon
  • Preferences
    Question circle icon
  • Statistical
    Question circle icon
  • Marketing
    Question circle icon