Cryptocurrencies
CoinShares Is Starting an Exchange-Traded Bitcoin Product
- It will be listed in Switzerland and custodied by Komainu
- Bitcoin in midst of furious rally that’s taken it to new highs
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CoinShares, a St. Helier, Jersey-based asset manager, is launching an exchange-traded Bitcoin product amid a fierce rally for the world’s largest digital currency.
The CoinShares Physical Bitcoin product will go live on Jan. 19 and be listed under the ticker BITC on the SIX Swiss Exchange. It will charge a 0.98% expense ratio. Komainu, a venture developed by Ledger, Nomura Holdings Inc. and CoinShares, will serve as custodian.