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.

Feb 24, 2021 at 11:27 a.m. UTC
Updated Sep 14, 2021 at 12:16 p.m. UTC

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.

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