{"id":187730,"date":"2021-02-24T16:14:01","date_gmt":"2021-02-24T13:14:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/coinshares-launches-new-physically-backed-ether-etp\/"},"modified":"2021-02-24T16:14:01","modified_gmt":"2021-02-24T13:14:01","slug":"coinshares-launches-new-physically-backed-ether-etp","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/coinshares-launches-new-physically-backed-ether-etp\/","title":{"rendered":"# CoinShares launches new physically-backed Ether ETP"},"content":{"rendered":"<p>&#8220;<strong># CoinShares launches new physically-backed Ether ETP <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>Major European digital asset manager CoinShares is expanding its product portfolio with a new physically-backed Ether (ETH) exchange-traded product, or ETP.<\/p>\n<p>Called CoinShares Physical Ethereum (ETHE), the new investment product is launching with around $75 million in assets under management. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.prnewswire.co.uk\/news-releases\/coinshares-launches-new-physically-backed-ethereum-exchange-traded-product-etp--803894888.html\">Announcing<\/a> the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> Wednesday, CoinShares said that each unit of ETHE is backed with 0.03 ETH at launch.<\/p>\n<p>The news comes shortly after CoinShares launched its first cryptocurrency ETP, CoinShares Physical Bitcoin (BITC), in January 2021. Similar to BITC, the new ETH ETP will be initially listed on SIX Swiss Exchange. The new product intends to provide investors with passive exposure to Ethereum\u2019s native asset at a base fee of 1.25%.<\/p>\n<p>According to an <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-02-24\/coinshares-is-launching-an-exchange-traded-ethereum-product?sref=323RPL5z\" data-amp=\"https:\/\/www-bloomberg-com.cdn.ampproject.org\/c\/s\/www.bloomberg.com\/amp\/news\/articles\/2021-02-24\/coinshares-is-launching-an-exchange-traded-ethereum-product\">announcement<\/a> by Bloomberg, Nomura Holdings-backed digital asset custodian Komainu will serve as custodian for the new CoinShares\u2019 product. Established in partnership with CoinShares, the custodian has already been servicing BITC as well.<\/p>\n<p>ETHE is now <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/quote\/ETHE:SW?sref=323RPL5z\">listed<\/a> on Bloomberg with an opening price of $47.30.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-02\/73204e8e-f716-40d2-bf46-4e76b9d7e1a3.png\"><figcaption style=\"text-align: center;\"><em>Source: Bloomberg<\/em><\/figcaption><\/figure>\n<p>SIX Swiss Exchange is one of the world\u2019s biggest exchanges providing its trading platform for various cryptocurrency ETPs, including 12 diversified crypto-asset ETPs by Swiss crypto ETP issuer 21Shares. The company is the\u00a0first exchange in the world to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.six-group.com\/en\/products-services\/the-swiss-stock-exchange\/listing\/etfs-etps-and-funds\/etps.html\">receive regulatory permission<\/a> to <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>rove cryptocurrencies as underlying instruments for derivatives.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more News articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/coinshares-launches-new-physically-backed-ether-etp\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# CoinShares launches new physically-backed Ether ETP &#8221; Major European digital asset manager CoinShares is expanding its product portfolio with a new physically-backed Ether (ETH) exchange-traded product, or ETP. Called CoinShares Physical Ethereum (ETHE), the new investment product is launching with around $75 million in assets under management. Announcing the news Wednesday, CoinShares said that&#8230;<\/p>\n","protected":false},"author":1,"featured_media":187731,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDIvMDkyNzYwNzYtOTUxOS00MGYwLWEzNjYtN2RlNjVlNWViMTQ1LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[76377,74863,75012,74891,117,73711,74151,71407],"class_list":["post-187730","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-coinshares","tag-cryptocurrencies","tag-derivatives","tag-ethereum","tag-business","tag-investments","tag-switzerland","tag-trading"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/187730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=187730"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/187730\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/187731"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=187730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=187730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=187730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}