This morning, CoinShares announced the debut of two ETPs on Germany’s largest exchange, Xetra. European digital asset investment firm CoinShares has an AUM of $3.3 billion. This has effectively made it the largest crypto assets investment firm in Europe. Aiming to expand its territory, it has created CoinShares Physical Chainlink (CCHA) and CoinShares Physical Uniswap (CIWP). Notably, the two launches come a week after a similar ETP launch on Xetra, featuring FTX, with $40 million in seed capital.
In total, CoinShares has introduced seven physically-backed ETPs for 2022. The two latest ETPs, CCHA and CIWP will each attract a 1.5% management fee. Galata, a platform that connects CeFi platforms to digital asset protocols and markets, will power the two products. Consequently, investors will be able to benefit from the growth and adoption of new financial services that are duplicated on cryptocurrency rails.
The decision to choose Chainlink and Uniswap is based on their proven strength in their various market niches. Importantly, when used in common crypto applications, Chainlink serves as a basic data supplier for trading and asset management. Also, price feeds from this company serve as the primary benchmark for the integrity of DeFi marketplaces.
On the other hand, the revolutionary architecture of Uniswap enables users to trade and offers the liquidity necessary to support trading within its application. Liquidity providers benefit from the fees paid by traders, creating a two-sided and self-sustaining marketplace. It is safe to say Uniswap is an excellent alternative to centralized exchanges (CEXs).
CoinShares, Europe’s largest digital asset investment firm, trades on the Nasdaq First North Growth Market under the symbol CS and the OTCQX under the ticker CNSRF. This $3.8 billion asset portfolio company is on a mission to make the digital asset ecosystem more widely available. To do that, it is constantly innovating and developing new financial products and services.