U.S. Markets open in 55 mins
  • S&P Futures

    4,164.00
    +6.25 (+0.15%)
     
  • Dow Futures

    34,309.00
    +53.00 (+0.15%)
     
  • Nasdaq Futures

    13,373.00
    +69.50 (+0.52%)
     
  • Russell 2000 Futures

    2,230.20
    +4.70 (+0.21%)
     
  • Crude Oil

    66.63
    +0.36 (+0.54%)
     
  • Gold

    1,873.50
    +5.90 (+0.32%)
     
  • Silver

    28.66
    +0.38 (+1.35%)
     
  • EUR/USD

    1.2228
    +0.0071 (+0.5869%)
     
  • 10-Yr Bond

    1.6390
    -0.0010 (-0.06%)
     
  • Vix

    19.64
    +0.83 (+4.41%)
     
  • GBP/USD

    1.4201
    +0.0063 (+0.4487%)
     
  • USD/JPY

    108.9270
    -0.2730 (-0.2500%)
     
  • BTC-USD

    44,819.81
    -416.76 (-0.92%)
     
  • CMC Crypto 200

    1,250.37
    +52.45 (+4.38%)
     
  • FTSE 100

    7,056.55
    +23.70 (+0.34%)
     
  • Nikkei 225

    28,406.84
    +582.01 (+2.09%)
     

CoinShares Launches Physically Backed Ethereum ETP With $75M in AUM

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
Tanzeel Akhtar
·1 min read
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

Asset manager CoinShares has launched a new physically backed Ethereum exchange-traded product (ETP).

  • According to a Wednesday announcement, the CoinShares Physical Ethereum ETP is listing on the Swiss SIX exchange under the ticker “ETHE” and already has around $75 million in assets under management (AUM).

  • Each ETHE unit is backed with 0.03 ETH at launch, while the product has a base fee of 1.25%.

  • “Bringing innovative products like ETHE allows us to continue setting the industry standard for trust and transparency and provide institutions with easy access to industry-leading crypto investment vehicles,” said Townsend Lansing, head of product at CoinShares.

  • This is the firm’s second such product after the bitcoin ETP “BITC” was listed on SIX in January.

Read more: CoinShares Releases DeFi Index Token for Institutional Investors

Related Stories