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CoinShares Physical ETP Data Centre

Utilize our advanced tools to ascertain the precise value of your ETP in cryptocurrency terms and determine your entry price point for any given cryptocurrency. Ensure a comprehensive understanding of your investments.

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.

E.g. CoinShares Physical Bitcoin
E.g. USD
E.g. CoinShares Physical Bitcoin
E.g. USD

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.

As of ..., your holding of ... unit(s) of ... was worth ....

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.

You bought ... of ... on ... for ....

This means you gained exposure to ... at an approximate price of ....
Coin entitlement explained

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.

Coin Entitlement (t)=Coin Entitlement (t-1) × (1 - Management Fee)365
Implied fair value explained

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.

Implied Fair Value of Digital Currency=Price of 1  Digital SecurityCoin Entitlement of 1 Digital Security

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.

Historical coin entitlement

This table shows the historical Coin Entitlement figures for your chosen product:

Date
Coin Entitlement