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CoinShares To List Bitcoin ETP On The SIX Swiss Exchange

Mary Liu

Summary: CoinShares, one of the first companies to launch crypto products as early as 2015, will launch its Exchange-Traded Bitcoin products (ETP) on the SIX Swiss Exchange, according to Bloomberg. The new product, under the ticker BITC, will begin to trade on January 19 with an expense ratio of 0.98%. BITC is supported by physical Bitcoin, and each ...

CoinShares, one of the first companies to launch crypto products as early as 2015, will launch its Exchange-Traded Bitcoin products (ETP) on the SIX Swiss Exchange, according to Bloomberg.

The new product, under the ticker BITC, will begin to trade on January 19 with an expense ratio of 0.98%. BITC is supported by physical Bitcoin, and each unit product represents 0.001 BTC. Komainu, a joint venture between Ledger, Nomura Holdings Inc., and CoinShares, will serve as the custodian.

By Mary Liu

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