CoinShares launched two zero management fee index ETPs in Xetra, Germany
According to reports, CoinShares today announced the launch of two physically supported indices ETP in the main German market Xetra: CoinShares Physical Top 10 Crypto Market ETP (c
According to reports, CoinShares today announced the launch of two physically supported indices ETP in the main German market Xetra: CoinShares Physical Top 10 Crypto Market ETP (code: CTEN) and CoinShares Physical Smart Contract Platform ETP (code: CSSC), with a management fee of zero. Both products track customized indexes developed in collaboration with Compass Financial Technologies.
CoinShares launched two zero management fee index ETPs in Xetra, Germany
I. Introduction
– Explanation of CoinShares’ recent announcement regarding the launch of two physically supported indices ETP in the main German market Xetra
– Brief overview of the two indices
II. CoinShares Physical Top 10 Crypto Market ETP (CTEN)
– Overview of CTEN and its key features
– Explanation of how CTEN tracks the top 10 cryptocurrencies
– Discussion of the management fee waiver
III. CoinShares Physical Smart Contract Platform ETP (CSSC)
– Overview of CSSC and its key features
– Explanation of how CSSC tracks smart contract platforms
– Discussion of the management fee waiver
IV. Collaboration with Compass Financial Technologies
– Explanation of how CoinShares collaborated with Compass Financial Technologies to develop customized indexes for both CTEN and CSSC
– Importance of the collaboration and the benefits it offers to investors
V. Conclusion
– Summary of the main points discussed in the article
– Final thoughts on the significance of CoinShares’ new indices
CoinShares Launches Two New Physically Supported Indices ETP on Xetra
CoinShares, a digital asset investment firm, announced the launch of two physically supported indices ETP in the main German market Xetra: CoinShares Physical Top 10 Crypto Market ETP (CTEN) and CoinShares Physical Smart Contract Platform ETP (CSSC). Both products track customized indexes developed in collaboration with Compass Financial Technologies. What’s more, the management fee for CTEN and CSSC is completely waived.
CoinShares Physical Top 10 Crypto Market ETP (CTEN)
CTEN is designed to provide investors with easy access to the top 10 cryptocurrencies in the market. Its index includes well-known digital assets such as Bitcoin, Ethereum, and Litecoin, as well as up and coming cryptocurrencies, like Cardano and Polkadot.
CTEN is physically backed, meaning that each ETP unit represents a certain amount of the underlying asset. Additionally, the product is approved by Germany’s financial regulator and is fully custodied in Switzerland. CTEN offers investors the convenience of owning a diversified portfolio of cryptocurrencies without the need to hold them directly.
One of the most notable features of CTEN is the management fee waiver. This means that investors do not have to pay any management fees, making it an attractive option for those looking to invest in cryptocurrencies in the long term.
CoinShares Physical Smart Contract Platform ETP (CSSC)
CSSC, on the other hand, tracks smart contract platforms, such as Ethereum, EOS, and Tron. Smart contract platforms are blockchain-based networks that allow developers to create decentralized applications (dApps). CSSC’s index aims to identify the most promising smart contract platforms and to provide investors with exposure to them.
Like CTEN, CSSC is physically backed, fully custodied in Switzerland, and approved by Germany’s financial regulator. It is a unique product that allows investors to invest in the future of decentralized applications easily.
The management fee waiver for CSSC also makes this product an attractive option for investors seeking to participate in the growth of smart contract platforms without paying high management fees.
Collaboration with Compass Financial Technologies
CoinShares collaborated with Compass Financial Technologies, a technology provider for financial institutions, to develop customized indexes for both CTEN and CSSC. The collaboration has made it possible for CoinShares to provide investors with unique offerings that cater to those looking to invest in the digital economy.
For investors, the partnership provides access to diversified cryptocurrency portfolios that are professionally managed and benchmarked against customized strategies.
Conclusion
CoinShares’ launch of two new physically supported indices ETP is a significant development in the digital asset investment space. It provides investors with innovative products that offer access to cryptocurrencies and smart contract platforms in a convenient, easy-to-access format. The management fee waiver is a notable feature that makes CTEN and CSSC attractive options for investors looking to invest in the long-term growth of the digital economy.
FAQs
1. What are physically supported indices ETP?
Physically supported indices ETP (Exchange Traded Products) allow investors to gain exposure to an underlying asset without buying it directly. Each ETP unit represents a certain amount of the underlying asset, and ETPs can be traded on an exchange like stocks.
2. Why is the management fee waiver significant?
Management fees can significantly affect investors’ returns over time. The management fee waiver for CTEN and CSSC means that investors do not have to pay any management fees for holding these products, thereby increasing their potential returns.
3. What benefits do investors get from partnering with Compass Financial Technologies?
Compass Financial Technologies is a technology provider for financial institutions. They provide customized indexes and strategies that are professionally managed, giving investors access to diversified cryptocurrency portfolios. The collaboration between CoinShares and Compass Financial Technologies allows investors to invest in the future of the digital economy with ease.
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