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

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.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Consensus

00

22

34

11

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

This is the firm’s second such product after its "BITC" bitcoin ETP was listed on the SIX exchange in January.

10 Years of Decentralizing the Future