CoinShares Bitcoin ETP
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.
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. CoinShares Bitcoin ETP is listed on the London Stock Exchange in both USD (BITC) and GBP (BITP).
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.
CoinShares Bitcoin ETP Performance
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
- GermanyXetraEURBITC GY EquityGB00BLD4ZL17BN6KHT2A3GPMN2021-06-07
- NetherlandsEN AmsterdamEURBITC NA EquityGB00BLD4ZL17BMYX7B8A3GPMN2021-09-07
- FranceEN ParisEURBITC FP EquityGB00BLD4ZL17BMYX7C9A3GPMN2021-09-07
- SwitzerlandSIX Swiss ExUSDBITC SE EquityGB00BLD4ZL17BLD4ZL1A3GPMN2021-01-19
- SwitzerlandSIX Swiss ExCHFBITCCHF SE EquityGB00BLD4ZL17BMDGG11A3GPMN2021-01-19
- SwitzerlandSIX Swiss ExEURBITCEUR SE EquityGB00BLD4ZL17BMDGG44A3GPMN2021-01-19
- SwitzerlandSIX Swiss ExGBPBITCGBP SE EquityGB00BLD4ZL17BMDGG22A3GPMN2021-01-19
- United KingdomLSEUSDBITC LN EquityGB00BLD4ZL17BTKTC58A3GPMN2025-01-14
- United KingdomLSEGBPBITP LN EquityGB00BLD4ZL17BTKTC70A3GPMN2025-01-14
- ItalyBorsa ItalianaEURBITC IM EquityGB00BLD4ZL17BNG8YT5A3GPMN2026-02-09
Structure
Key Service Providers
Legal & Tax
| Domicile | Jersey |
| Replication Method | Physical |
| Legal Structure | Debt Security (ETP) |
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 guideWhat is a Bitcoin ETP?
A Bitcoin ETP (exchange traded product) is a security listed on a stock exchange that tracks the price of bitcoin. Whether structured as an ETF, ETN or ETC, it provides regulated exposure through traditional brokerage accounts, like a share or a fund. Investors can access bitcoin without the complexity of holding the asset directly.
What are crypto ETPWho can buy a Bitcoin ETP in the UK?
UK retail investors have been able to buy crypto ETNs since 8 October 2025, when the FCA lifted its restriction, provided the product is admitted to trading on a UK recognised investment exchange. CoinShares Bitcoin ETP is admitted to trading on the London Stock Exchange and available through major UK brokers. Your broker will ask you to complete an appropriateness assessment before you can trade.
People Also Ask
FAQWhere is CoinShares Bitcoin ETP available in the UK?
CoinShares Bitcoin ETP has been listed on the London Stock Exchange since January 2025, available in USD (BITC) and GBP (BITP). UK investors can access the ETP through their existing broker or investment platform.
Can I hold a Bitcoin ETP in my ISA?
Not for new purchases. Since 6 April 2026, HMRC treats crypto exchange traded notes (cETNs) as qualifying investments for an Innovative Finance ISA (IFISA) only. They can no longer be bought within, or transferred into, a stocks and shares ISA.
What is the difference between Bitcoin ETP and Bitcoin ETN?
"Exchange traded product" is the umbrella term for exchange-listed instruments that track an asset - ETFs, ETCs and ETNs all sit beneath it. An "exchange traded note" is the sub-type structured as a debt security rather than as a fund. Every Bitcoin product listed on the London Stock Exchange is structured as a debt security called cETNs (crypto ETN). A Bitcoin ETP and a Bitcoin ETN are therefore the same thing, described at two levels of precision.
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.
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