CoinShares will cross-list on Boerse Xetra
European cryptocurrency asset supervisor CoinShares intends to expand its influence. Its representatives said that now CoinShares market products, including BTC, ETH, and LTC, are cross-listed on the German Boerse Xetra exchange.
CoinShares, which manages $380M in assets and is registered in 11 countries, introduced its own Bitcoin-ETP back in January on the SIX cryptocurrency exchange. Now, CoinShares listings will join the general growing ETP trend within European trading floors. Bitcoin, Ethereum and Litecoin ETP will be listed as soon as the company receives permission from European Union governors.
Now physically-backed crypto-ETP CoinShares is already listed not only on the Swiss SIX exchange but also on the German Boerse Xetra, as well as Euronext in France and the Netherlands.
The firm itself considers this promotion of exchange-traded products to be a good impetus for the industry, only expanding its influence in the financial industry. In the future, the CoinShares team intends to bring the new asset class to even more existing financial markets and find strategic partners in other European countries.