- The company expects “a more thematic approach to digital assets” to continue as investors look beyond BTC, ETH
- Competitor 21Shares has launched similar products this year
CoinShares has launched two more crypto ETPs in Germany, bringing the company’s total number of ETP (exchange-traded product) launches this year to seven.
The physical Chainlink and Physical Uniswap ETPs will be listed on Germany’s main market Xetra, the company announced on Wednesday. They each bear an administration fee of 1.5%.
CoinShares Chief Revenue Officer Frank Spiteri said in a statement that as the sector has evolved, investors have gained interest in digital assets beyond Bitcoin and Ethereum.
“A more thematic approach to digital assets is emerging among those most familiar with crypto, and we expect this trend to continue as research and investor education improves,” he said.
A CoinShares spokesperson did not immediately respond to a request for further comment.
Oracle protocol Chainlink is designed to connect real-world information with the smart contracts running on a blockchain platform. Native currency LINK has a market cap of around $5 billion, according to data compiled by Blockworks.
An alternative to centralized exchanges, Uniswap allows users to either trade or provide the liquidity supporting trading activity within its application. Uniswap (UNI) has a market cap of around $3.2 billion.
CoinShares has approximately $3.3 billion in assets under management. After a record quarter in which the company posted its highest quarterly earnings and assets under management, executives on Tuesday reported a decline in its most recent quarter.
The product launches follow the company last week put on Xetra a physically backed FTX token ETP in partnership with the crypto exchange. The product had seed capital of around $40 million.
Others have launched similar products in recent months.
Competitor 21Shares launched ETPs with LINK and UNI as underlying assets in February as crypto ETPs continue to proliferate in Europe. 21Shares added products focused on FTX Token (FTT) and Decentraland (MANA) in the same month.
CoinShares launches Chainlink, Uniswap ETPs in Germany appeared first on Blockworks.
Source: Crypto News Austria