CoinShares XBT Provider rebrands and reinforces commitment to Nordics as it plans expansion
June 17 2024 - 1:00AM
CoinShares XBT Provider rebrands and reinforces commitment to
Nordics as it plans expansion
17 June 2024 | SAINT HELIER, Jersey | CoinShares
International Limited (“CoinShares'' or “the Company”) (Nasdaq
Stockholm: CS; US OTCQX: CNSRF), today announced that the
firm’s long-standing crypto ETP brand XBT Provider has been
rebranded “CoinShares XBT Provider”, to align more closely with the
CoinShares group strategy and to prepare for expansion in the
second half of 2024. Listed and domiciled in Sweden since 2015,
CoinShares XBT Provider’s Bitcoin Tracker One ETP was the first
ever bitcoin-based security traded on a public exchange, and the
existing product suite contains the world’s first exchange traded
products referencing bitcoin and ethereum. They are available in
SEK and EUR and are listed in Stockholm, Sweden.
Having built a reputation as the trusted choice for Nordic
investors seeking crypto exposure via a regulated product, with a
current AUM of $3.4 Billion USD*, the company is actively looking
to grow and expand the business in 2024. As part of this strategy,
the company is considering a new suite of ‘next-generation’
products for the Nordic market.
Townsend Lansing, Head of Product at CoinShares, commented “Our
CoinShares XBT Provider ETPs have delivered exposure to bitcoin and
ether for nearly a decade. Looking to the second half of 2024 and
beyond - and following the success of our CoinShares Physical ETP
brand in continental Europe - we are now excited to be actively
exploring new opportunities tailored specifically for the Nordic
market.”
This renewed focus on the Nordics follows hot on the heels of a
record financial quarter for CoinShares International, the group
parent company, which also saw the firm complete its acquisition of
Valkyrie Funds in the United States, significantly boosting its
global market presence and expanding its operational footprint
across the Atlantic.
Frank Spiteri, Head of Asset Management at CoinShares commented,
"Across Europe and the US we are seeing increased demand for crypto
exposure via regulated products as investors consider the potential
benefits of including digital assets as part of their overall
portfolio. This rebrand is the start of an exciting new chapter for
our Nordic operations, reflecting our ongoing commitment to this
region and our investors. Our future initiatives will focus on
innovation, while maintaining the transparency, security, and
regulatory compliance that our clients have come to expect.”
About CoinShares CoinShares is the European leading
investment company specialising in digital assets, that delivers a
broad range of financial services across investment management,
trading and securities to a wide array of clients that includes
corporations, financial institutions and individuals. Founded in
2013, the firm is headquartered in Jersey, with offices in France,
the UK and the US. CoinShares is regulated in Jersey by the Jersey
Financial Services Commission, in France by the Autorité des
marchés financiers, and in the US by the Securities and Exchange
Commission, National Futures Association and Financial Industry
Regulatory Authority. CoinShares is publicly listed on the Nasdaq
Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.
For more information on CoinShares, please visit:
https://coinshares.com Company | +44 (0)1534 513 100 |
enquiries@coinshares.com Investor Relations | +44
(0)1534 513 100 | enquiries@coinshares.com PRESS CONTACT
CoinShares Benoît Pellevoizin bpellevoizin@coinshares.com
+33 6 72 44 07 17 M Group Strategic Communications Peter
Padovano press@coinshares.com *Assets under management for
CoinShares XBT Provider ETPs as of 13th June 2024
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