CoinShares (Nasdaq: CSHR) announced on 4 May 2026 that five physically-backed crypto ETPs are now available to retail investors via French broker Bourse Direct, enabling access to Bitcoin, Ethereum, Solana, XRP and other major assets through securities accounts without wallets or private keys.
Products are offered under a prospectus regime as France implements MiCA and an AMF policy clarifying retail access. CoinShares manages over $7 billion in digital-asset ETPs and cites existing distribution via BoursoBank alongside the new Bourse Direct listing.
Loading...
Loading translation...
Positive
Five physically-backed crypto ETPs listed on Bourse Direct
Retail access without wallets or private keys via securities accounts
Coverage includes Bitcoin, Ethereum, Solana and XRP
Products structured under a prospectus regime
CoinShares manages over $7 billion in digital-asset ETPs
Negative
Product range limited to five ETPs at launch
Market outcome depends on French retail adoption under MiCA/AMF
News Market Reaction – CSHR
-5.58%
21 alerts
-5.58%Session close to close
+11.5%Peak Tracked
-2.1%Trough Tracked
$962.00MMarket Cap
0.6xRel. Volume
In the May 5 session, CSHR declined 5.58%, reflecting a notable negative market reaction.
Argus tracked a peak move of +11.5% during that session.
Argus tracked a trough of -2.1% from its starting point during tracking.
Our momentum scanner triggered 21 alerts that day, indicating elevated trading interest and price volatility.
The stock moved -5.6% in the session following this news. A negative reaction despite broader French...
Analysis
The stock moved -5.6% in the session following this news. A negative reaction despite broader French access to CoinShares’ regulated crypto ETPs would contrast with the constructive nature of expanded retail distribution through Bourse Direct and BoursoBank. With the stock previously at $6.2, below its $10.43 52-week high, weakness could reflect profit taking after earlier gains or sensitivity to digital-asset sentiment. Concentrated stakes disclosed in recent Schedule 13G filings may also affect trading behavior around news events.
Key Figures
Share price:$6.2Daily price change:7.27%Trading volume:438,753 shares+5 more
8 metrics
Share price$6.2Pre-news price from market_context
Daily price change7.27%24h change prior to news publication
Trading volume438,753 sharesToday vs 20-day average of 819,101
52-week high$10.4352-week range high before this news
52-week low$4.7252-week range low before this news
Assets under managementover $7 billionGroup AUM in digital asset ETPs
Alan E. Howard holding14,431,011 shares (10.9%)Beneficial ownership reported in Schedule 13G
Russell Paul Newton holding15,216,952 shares (11.51%)Beneficial ownership reported in Schedule 13G
Key Terms
exchange-traded products (etps), physically-backed, prospectus regime, mica, +4 more
8 terms
exchange-traded products (etps)financial
"physically-backed crypto Exchange-Traded Products (ETPs) are now available"
Exchange-traded products (ETPs) are investment vehicles that trade like stocks on an exchange and give you exposure to an underlying asset, index, or strategy—examples include exchange-traded funds (ETFs) and exchange-traded notes (ETNs). They matter to investors because they make it easy and inexpensive to buy a broad market slice or specific exposure in one trade, much like buying a ready-made grocery basket, but different ETP types carry different risks such as issuer credit risk or slight performance differences from the assets they track.
physically-backedfinancial
"5 products of its range of physically-backed crypto Exchange-Traded Products"
Physically-backed describes an investment that actually holds the real asset it represents—such as gold bars, barrels of oil, or units of a commodity stored in vaults or warehouses—rather than a promise or contract tied to that asset. For investors this matters because ownership of the physical item lowers the risk of someone else failing to deliver, makes valuation easier to verify, and can affect storage, insurance and liquidity costs much like owning a physical house versus holding a paper claim on it.
prospectus regimeregulatory
"through products structured under prospectus regime"
A prospectus regime is the set of laws and rules that determine when companies must publish a formal document describing a securities offering and what information that document must include. Like a detailed recipe or brochure for an investment, the prospectus explains a company’s business, finances, risks and the terms of the offering so investors can compare choices and make informed decisions; it also creates legal obligations and disclosure standards that protect investors and influence market access and deal timing.
micaregulatory
"With MiCA now in force across the EU"
Mica is a naturally occurring group of minerals that split into thin, shiny sheets and is used as an insulating material and filler in products such as electronics, cosmetics, paints and construction materials. Investors care because mica is a key input whose supply, quality and price affect manufacturing costs and product performance, and because its mining and sourcing carry environmental and ethical risks that can impact company reputations and valuations—like a single critical ingredient changing a recipe’s outcome.
amfregulatory
"with a clarified AMF policy for crypto ETPs"
AMF is the common abbreviation for Autorité des marchés financiers, a government regulator that oversees securities markets, enforces rules, and protects investors in its jurisdiction. Its decisions, investigations, or penalties can change a company’s reputation, access to capital and share price — similar to a referee whose rulings shape how fairly and safely the market operates.
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
form 3regulatory
"has filed an initial Form 3 insider ownership report"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
beneficial ownershipregulatory
"statement of beneficial ownership for company insiders"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
4 May 2026 | SAINT HELIER, Jersey | CoinShares PLC ("CoinShares" or "the Group") (Nasdaq: CSHR), a global leading asset manager specializing in digital assets today announced that 5 products of its range of physically-backed crypto Exchange-Traded Products (ETPs) are now available to retail investors through Bourse Direct, one of France's leading online brokerage platforms.
The listing gives Bourse Direct's clients direct access to CoinShares's regulated crypto investment products through their existing securities accounts — no wallets, no private keys, no operational complexity. Investors can gain exposure to Bitcoin, Ethereum, Solana, XRP and other major digital assets through products structured under prospectus regime.
The move comes as France joins a broader European trend of opening regulated crypto access to individual investors. With MiCA now in force across the EU, and with a clarified AMF policy for crypto ETPs, French brokerage platforms are increasingly integrating crypto ETPs alongside traditional equities and ETFs, bringing the asset class into the mainstream of retail wealth management.
CoinShares's position in France is reinforced by its existing partnership with BoursoBank, the country's number one online brokerage platform. Together, these distribution relationships establish CoinShares as the reference issuer for crypto ETPs in the French market.
Jean-Marie Mognetti, CEO and Co-Founder of CoinShares, commented: "France is opening up to regulated crypto products at a moment when the infrastructure is finally ready to support retail demand at scale. Our products were built for exactly this transition — institutional-grade structure, transparent pricing, and access through the platforms investors already use. With BoursoBank and now Bourse Direct, we are well positioned to lead the French market for crypto ETPs."
CoinShares has been issuing crypto ETPs since 2015, when it launched the world's first bitcoin ETP. The Group manages over $7 billion in assets and holds the leading market position in Europe for digital asset ETPs.
About CoinShares
CoinShares is a leading global asset manager specialising in digital assets, that delivers a broad range of financial services across investment management, trading and securities to a wide array of clients that includes corporations, financial institutions and individuals. Focusing on crypto since 2013, the firm is headquartered in Jersey, with offices in France, Sweden, Switzerland, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, and in the US by the Securities and Exchange Commission, National Futures Association and Financial Industry Regulatory Authority. CoinShares is publicly listed on the Nasdaq under the ticker CSHR. For more information on CoinShares, please visit:https://coinshares.com
What did CoinShares (CSHR) announce on May 4, 2026 about Bourse Direct?
CoinShares announced five physically-backed crypto ETPs are now available to Bourse Direct clients. According to CoinShares, the listing gives retail investors access to Bitcoin, Ethereum, Solana, XRP and other major assets through existing securities accounts without wallets or private keys.
Which digital assets do CoinShares ETPs on Bourse Direct provide exposure to (CSHR)?
The Bourse Direct-listed ETPs provide exposure to Bitcoin, Ethereum, Solana and XRP among other assets. According to CoinShares, the products are physically backed and structured under a prospectus regime for retail distribution in France.
How does the Bourse Direct listing affect retail investors wanting crypto exposure to CSHR products?
Retail investors can buy CoinShares ETPs through their existing brokerage accounts without holding private keys. According to CoinShares, this removes wallet custody complexity while keeping exposure to major digital assets via regulated securities accounts.
Why is France opening retail access to regulated crypto ETPs now and how does it affect CoinShares (CSHR)?
France is enabling retail crypto ETP access as MiCA is now in force and AMF policy is clarified. According to CoinShares, this regulatory shift allows brokerage platforms to integrate ETPs alongside equities, supporting broader distribution of CSHR products.
What is CoinShares’ market position and assets under management as stated in the announcement (CSHR)?
CoinShares says it manages over $7 billion and holds a leading market position in Europe for digital-asset ETPs. According to CoinShares, its distribution partnerships with BoursoBank and Bourse Direct reinforce its presence in the French market.
