CoinShares Physical Bitcoin ETP

CoinShares Physical Bitcoin ETP is a Jersey-based exchange-traded product launched in January 2021, offering investors secure and straightforward exposure to bitcoin through physically backed units. Each unit is fully supported by actual bitcoin holdings, currently around 18,172 BTC valued at approximately $1.29 billion, ensuring transparency and building trust among institutional and retail participants. Listed on major European exchanges such as SIX Swiss Exchange, Xetra, and Euronext, it facilitates easy access without the complexities of direct cryptocurrency ownership. By December 2024, it had grown to become Europe's largest physically backed bitcoin ETP by assets under management, outpacing rivals like 21Shares and ETC Group amid bitcoin's surge past $100,000. CoinShares emphasizes competitive management fees, optimal structuring, and broad distribution, driving its consistent expansion in bitcoin reserves. Structured as a debt security rather than equity, this ETP plays a pivotal role in bridging traditional finance with digital assets, enabling portfolio diversification via regulated vehicles on stock exchanges.