CoinShares Physical Bitcoin (BITC) Becomes Europe's Largest Bitcoin Physical ETP by AUM Amid Historic Bitcoin Milestone

Rhea-AI Summary

CoinShares Physical Bitcoin ETP (BITC) has become Europe's largest Bitcoin physical exchange-traded product by assets under management, coinciding with Bitcoin reaching $100,000. Launched in January 2021, BITC has surpassed earlier market entrants, contributing to CoinShares' total AUM of over $8.9 billion.

The company manages over $5.4 billion in Bitcoin across its Physical Bitcoin and XBT Provider Bitcoin products in Europe. BITC's success is attributed to superior product structuring, competitive management fees, and an expansive distribution strategy targeting European investors.

Positive

• Achieved market leadership position in European Bitcoin physical ETPs
• Total AUM exceeds $8.9 billion
• Manages over $5.4 billion in Bitcoin products in Europe
• Successfully captured significant market share despite later market entry

Negative

• None.

Insights

Financial Analyst

The ascension of CoinShares Physical Bitcoin (BITC) to Europe's largest Bitcoin ETP by AUM is a significant milestone that demonstrates strong market penetration and investor confidence. With $5.4 billion in Bitcoin AUM across their products in Europe, CoinShares has established itself as a dominant player in the digital asset space. The timing of Bitcoin reaching $100,000 amplifies the significance of this achievement. The company's strategic approach focusing on competitive fees and robust distribution has proven effective, particularly impressive considering their later market entry in 2021 compared to competitors. Total group AUM of $8.9 billion indicates substantial market presence. This development suggests growing institutional acceptance of crypto investment products and positions CoinShares favorably in the expanding digital asset management sector.

Market Research Analyst

The success of BITC in overtaking earlier market entrants highlights a shift in investor preferences toward well-structured, institutionally-focused crypto investment vehicles. This achievement is particularly noteworthy given the competitive European ETP landscape. The growth trajectory suggests strong product-market fit and effective distribution channels, which could lead to further market share gains. The combination of Bitcoin's price milestone and BITC's market leadership creates a powerful narrative for mainstream crypto adoption through regulated investment products. CoinShares' ability to capture significant market share despite being a later entrant demonstrates the importance of product design and competitive pricing in the digital asset investment space.

SAINT HELIER, Jersey, Dec. 6, 2024 /PRNewswire/ -- CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm: CS; US OTCQX: CNSRF)  is thrilled to announce that its CoinShares Physical Bitcoin ETP (ticker: BITC; ISIN: GB00BLD4ZL17) has ascended to the position of the leading European Bitcoin physical exchange-traded product (ETP) by assets under management (AUM). This milestone coincides with Bitcoin reaching the historic price of $100,000, marking a significant moment for the digital asset industry. This achievement underscores CoinShares' dedication to delivering top-tier digital asset investment solutions, contributing to the Group's total AUM of over $8.9 billion.

Launched in January 2021, CoinShares Physical Bitcoin has demonstrated exceptional growth and investor confidence, surpassing earlier market entrants such as 21Shares (2019) and ETC Group, now Bitwise Europe (2020). The rapid ascent of BITC is attributed to CoinShares' strategic focus on superior product structuring, competitive management fees, and an expansive distribution strategy tailored to meet the diverse needs of European investors.

When considering the combined AUM of CoinShares Physical Bitcoin and CoinShares XBT Provider Bitcoin products, CoinShares manages over $5.4 billion in Bitcoin in Europe, further solidifying its leadership in the European digital asset ETP market.

Frank Spiteri, Head of Asset Management at CoinShares, shared his insights on this achievement: "We launched our Bitcoin Physical Product in 2021, entering the market after our competitors. Today, we're accelerating and capturing significant market share, leading the way in the industry. Our focus on best-in-class product structuring, accessible management fees, and a robust distribution strategy is delivering outstanding results."

Key Factors Driving BITC's Success:

• Optimal Product Structuring: Ensuring that BITC meets the highest standards for security, transparency, and investor accessibility.
• Competitive Management Fees: Offering cost-effective investment options without compromising on quality or performance.
• Strategic Distribution: Leveraging a broad network to make BITC accessible to a wide range of investors across Europe.

CoinShares' achievement with BITC highlights the Company's commitment to empowering investors with secure, transparent, and innovative digital asset products. As the digital asset landscape continues to evolve, CoinShares remains at the forefront, setting benchmarks for excellence and integrity in the industry.

ABOUT COINSHARES

CoinShares is the leading European investment company 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 Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.

For more information on CoinShares, please visit: https://coinshares.com
Company | +44 (0)1534 513 100 | enquiries@coinshares.com
Investor Relations | +44 (0)1534 513 100 | enquiries@coinshares.com 

PRESS CONTACT

CoinShares
Benoît Pellevoizin
bpellevoizin@coinshares.com

M Group Strategic Communications
Peter Padovano
press@coinshares.com

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SOURCE CoinShares Group

FAQ

What is CoinShares Physical Bitcoin ETP's (BITC) current position in the European market?

CoinShares Physical Bitcoin ETP (BITC) has become Europe's largest Bitcoin physical exchange-traded product by assets under management.

How much Bitcoin assets does CoinShares (CNSRF) manage in Europe?

CoinShares manages over $5.4 billion in Bitcoin across its Physical Bitcoin and XBT Provider Bitcoin products in Europe.

When was CoinShares Physical Bitcoin ETP (BITC) launched?

CoinShares Physical Bitcoin ETP (BITC) was launched in January 2021.

What is CoinShares' (CNSRF) total assets under management?

CoinShares' total assets under management exceed $8.9 billion.