CoinShares ETPs Reach Record Trading Volumes

Amidst Market Volatility, Europe’s Largest Digital Asset Manager Sees Over $490M in Trading Volume as Investors Embrace Crypto ETPs

May 20, 2021 | SAINT HELIER, Jersey – — CoinShares (Nasdaq First North Growth Market: CS) Europe’s largest digital asset funding agency, immediately introduced that the Company’s change traded merchandise (“ETPs”) reached report buying and selling volumes on Wednesday, May 19, 2021. CoinShares has two ETP platforms, XBT Provider, with $3.9B in AUM, and the newly launched CoinShares Physical platform, with $367M in AUM.1

With greater than $490M in CoinShares ETPs altering arms on a day with vital market volatility, CoinShares – a publicly listed firm beneath the CS ticker – had the best quantity traded of any European crypto ETP supplier. 

In current weeks, the cryptocurrency market has reached as excessive as $2.6T and as little as $1.4T, and whereas the asset class will be risky, even the decrease of those figures displays over half a trillion {dollars} of market development for the reason that begin of the 12 months.2 These are spectacular numbers, and it’s essential to notice that the crypto asset class solely includes 35 foundation factors of worldwide wealth, highlighting the chance for additional development.3 

These report highs marked a brand new milestone for CoinShares. The earlier report excessive was February 22, 2021 at $252M. Prior to, probably the most energetic day in buying and selling quantity was December 22, 2017, with $250M in certificates buying and selling arms.

Notably, $312M or 63% of this exercise was in ETH publicity, with the remaining $179M or 37% being in Bitcoin, Litecoin, and XRP exposures. As famous within the CoinShares Weekly Digital Asset Fund Flows report, in current weeks Bitcoin funding merchandise have seen web outflows for the primary time, whereas Ethereum funding merchandise have continued to see web inflows. This displays elevated investor curiosity in a wider vary of digital property past simply bitcoin, and rising ranges of participation on this market.

Frank Spiteri, CoinShares’ Chief Revenue Officer commented “These spectacular volumes reveal the robustness of our ETPs which ship nice outcomes for our buyers and proceed to function seamlessly throughout even probably the most risky intervals. At a time when a number of crypto exchanges halted buying and selling, our ETPs are getting used as a trusted car to entry the digital asset class.”

Over the previous seven years CoinShares has set the usual for belief and transparency offered to buyers, placing the Company in a singular place to bridge the hole between institutional buyers and digital property. Since itemizing the primary Bitcoin ETP in 2015, CoinShares ETPs have achieved a number of milestones:

  • December 2017: Crossed $1B in AUM for the primary time
  • March 2019: CoinShares’ XBT Provider was named Europe’s most Innovative ETF Provider
  • November 2020: Surpassed $2B in AUM
  • February 2021: Surpassed $250M in every day turnover
  • April 2021: Surpassed $5B in AUM

Chief Executive Officer at CoinShares, Jean-Marie Mognetti, added “Technology is the spine of our Company and during the last seven years, we have now invested in constructing the suitable infrastructure and buying and selling platform with ample capability and efficiency to convey belief, transparency, and reliability to this new asset class. The XBT Provider product household has not needed to halt buying and selling regardless of some fairly superb volatility spikes. This will not be a shock however merely the seen proof that CoinShares is at first a monetary expertise firm bringing to market merchandise that are backed by a sturdy expertise stack. Days like yesterday are tangible proof of the dedication and dedication of our engineers.”  

“This is a crucial reminder for giant merchants and allocators evaluating digital asset merchandise and ETPs. Fees are at all times offered because the key determination issue for buyers when making allocation selections, however yesterday’s market volatility highlights why that is the fallacious focus. Too typically model fame, unfold, on display liquidity, every day quantity, monitoring error and authorized construction are ignored. CoinShares merchandise provide distinctive liquidity, even in risky markets, and convey belief and credibility, backed by seven years of working expertise, to a crowded market panorama.”

About CoinShares

CoinShares is Europe’s largest digital asset funding agency, managing billions of property on behalf of a worldwide consumer base. Our mission is to broaden entry to the digital asset ecosystem by pioneering new monetary services that present buyers with belief and transparency when accessing this new asset class.

For extra data on CoinShares, go to: https://coinshares.com/

Company | + 44 (0)1534 513 100 | [email protected]

Investor Relations – Jay Morakis | + 1 646 859 5951

Certified Advisor – Mangold Fondkommission AB | + 46 (0)8 503 015 50 | [email protected]

This data is data that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation 596 / 2014.  The data on this press launch has been revealed by way of the company of the contact individuals set out above, at 8:00 pm BST on Thursday, May 20 2021.

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1 AUM as at Wednesday, May 19, 2021

2 Data retrieved from www.coingecko.com.

3 The Credit Suisse Global Wealth Report cited $399T in international wealth at finish of 12 months 2019, which is the most recent knowledge obtainable.

 

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