CoinShares Bitcoin ETP

Name: Physical Bitcoin
Brand: Coinshares
SKU: GB00BLD4ZL17
Availability: InStock

A regulated physical Bitcoin ETP delivering transparent and cost-efficient access to the world’s leading crypto asset — traded on regulated exchanges and available through your broker.

Factsheet

Asset under Management (US$)

1,756,638,337

YTD Performance

2.47%

Fees p.a.

0.25%

Asset under Management (US$)

1,756,638,337

YTD Performance

2.47%

Fees p.a.

0.25%

01Product

Key features
of our Bitcoin ETP

Accessible for trading

With CoinShares Bitcoin ETP, access bitcoin exposure right through your preferred investment platform. Keep all your investments in one place.

Explore where to buy

100% physically-backed

CoinShares Bitcoin ETP is 100% physically backed by bitcoin. Each unit is backed by real bitcoin held by an institutional-grade custodian.

Fully transparent

All CoinShares ETPs' reserves are publicly available and independently verified by The Network Firm. Investors can track in real-time that each product is backed by the correct amount of the underlying digital asset(s).

Check CoinShares ETPs holdings in real-time

Product ID

Product name
Ticker
ISIN

Key Information

Data as of 21/01/2026

Inception date19/01/2021
Fees p.a.0.25%
AuMUSD 1,756,638,337
Coin Entitlement0.00096324
Price per securityUSD 86.78

Documents Available

FactsheetDownload
KIDDownload
ProspectusDownload
Final termsDownload

CoinShares Bitcoin ETP Performance

02 Performance

YTD+2.47%

1m+3.63%

3M-18.28%

1Y-15.05%

Since Inception+130.56%

Key risks

Investor's capital is at risk and investors may lose part or all of their investment. Crypto ETPs are complex products that can be difficult to understand. These figures refer to the past and past performance is not a reliable indicator of future returns.

Trading Information

03Trading

Country

Exchange

Trading Currency

Bloomberg Code

Isin

WKN

Listing Date

Germany
Xetra
EUR
BITC GY Equity
GB00BLD4ZL17
A3GPMN
2021-06-07
Netherlands
EN Amsterdam
EUR
BITC NA Equity
GB00BLD4ZL17
A3GPMN
2021-09-07
France
EN Paris
EUR
BITC FP Equity
GB00BLD4ZL17
A3GPMN
2021-09-07
Switzerland
SIX Swiss Ex
USD
BITC SE Equity
GB00BLD4ZL17
A3GPMN
2021-01-19
Switzerland
SIX Swiss Ex
CHF
BITCCHF SE Equity
GB00BLD4ZL17
A3GPMN
2021-01-19
Switzerland
SIX Swiss Ex
EUR
BITCEUR SE Equity
GB00BLD4ZL17
A3GPMN
2021-01-19
Switzerland
SIX Swiss Ex
GBP
BITCGBP SE Equity
GB00BLD4ZL17
A3GPMN
2021-01-19
United Kingdom
LSE
USD
BITC LN Equity
GB00BLD4ZL17
A3GPMN
2025-01-14
United Kingdom
LSE
GBP
BITP LN Equity
GB00BLD4ZL17
A3GPMN
2025-01-14

04Details

Structure

Key Service Providers

Legal & Tax

Domicile	Jersey
Legal Structure	Debt Security (ETP)
Replication Method	Physical

Understanding Bitcoin and ETPs

Basics

Bitcoin: digital gold for modern portfolio

Bitcoin is the world’s first decentralized digital asset, often called digital gold. With its fixed supply and independence from traditional financial systems, it is considered as a store of value and a way to diversify portfolios. Bitcoin’s scarcity and historically low correlation with traditional markets make it an alternative hedge against inflation.

Read our bitcoin guide

Bitcoin ETP: regulated access

A Bitcoin ETP (Exchange Traded Product) is a listed security that tracks the price of bitcoin. Whether structured as an ETF, ETN or ETC, it provides regulated exposure through traditional brokerage accounts. Investors can access bitcoin without the complexity of holding the asset directly.

Why invest through Bitcoin ETP?

Bitcoin ETPs give access to bitcoin via a regulated investment product traded on traditional markets. They are accessed through brokers and hold the underlying asset with an institutional-grade custodian, allowing investors to obtain bitcoin exposure without directly holding the asset.

How to buy our Bitcoin ETP through your broker

01 — Copy product ID

Copy the ISIN or Ticker of CoinShares Bitcoin ETP. This information is essential to identify the correct product.

02 — Open your broker account

Add crypto to your portfolio while using your existing account or create a new one.

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03 — Search for the product

On your broker account, search for the product by pasting its ISIN or Ticker and select it.

04 — Place your order

Set the number of ETP shares you wish to buy, review your order and confirm the trade.

Why should I consider exposure to bitcoin?

Bitcoin is a digital asset with features — such as decentralisation and a fixed supply — that distinguish it from traditional investments. Because it behaves differently from other asset classes, some investors look at whether a limited allocation could contribute to diversification. At the same time, bitcoin is highly volatile and its value can change rapidly, so any exposure should be considered carefully, in line with individual objectives and risk tolerance.

What is a Physical Bitcoin ETP?

A physical Bitcoin ETP is an exchange-listed security backed by on-chain Bitcoin held in cold storage. Each unit represents a defined claim on coins stored by a professional custodian. You can see how much crypto is backing your shares by checking the daily Coin Entitlement figure.

What is physical bitcoin?

CoinShares Bitcoin ETP is a type of financial product that trades just like a stock or exchange-traded fund, and is designed to track the price of Bitcoin, offering a convenient way for investors to gain exposure to the cryptocurrency market. It is ‘physically’ backed by actual bitcoin holdings, ensuring that the investment product has a close correlation with the value of bitcoin.

How do I redeem a physical bitcoin?

CoinShares ETPs have a built-in ‘physical redemption’ mechanism, whereby the registered holder of the ETP can make a redemption application to receive physical crypto in return for their ETP holding. Please refer to the ETP Documents page and choose the ‘Physical Redemption’ section for more information.

Check ETP Documents