CoinShares Launches Litecoin ETP

This follows the introduction of products for bitcoin and ethereum this year.

AccessTimeIconApr 6, 2021 at 9:13 a.m. UTC
Updated Sep 14, 2021 at 12:36 p.m. UTC

Asset manager CoinShares has launched a new physically backed litecoin exchange-traded product (ETP) on the Swiss SIX exchange.

  • Listed under the ticker LITE, each unit of the ETP will be backed with 0.20 LTC, according to an announcement Tuesday.
  • The product has a base fee of 1.5% per annum.
  • This is the third such product launch by CoinShares in 2021, following the announcement of ETPs backed by BTC and ETH in January and February respectively.
  • About two-thirds of CoinShares’ more than $4 billion in assets under management (AUM) is in bitcoin with an increasing amount held in ethereum.
  • Litecoin is the world’s eighth-largest cryptocurrency with a market capitalization of $14.83 billion.
  • CoinShares’ profits more than doubled in Q4 2020 compared to the year earlier, according to results announced March 31.
  • Jersey-based CoinShares describes itself as Europe's largest digital asset investment house. The company is publicly listed on the Nasdaq First North Growth Market.

Read more about


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

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.


CoinDesk - Unknown
Opaque Platforms and Intertwined Protocols Pose Big Risk to Crypto

Second article in a series about risks we’re thinking about during these crypto down days.

CoinDesk - Unknown
CoinDesk - Unknown
Putin Weaponizes Inflation

Examining a recent propaganda speech from the Russian leader.

CoinDesk - Unknown
CoinDesk - Unknown
Morgan Creek Is Trying to Counter FTX’s BlockFi Bailout, Leaked Call Shows

FTX’s $250 million credit facility offer – if inked as initially proposed – stood to effectively wipe out all BlockFi shareholders, including Morgan Creek Digital, the firm told its investors.

CoinDesk - Unknown