CoinShares launches its first FTX ETP at BX Swiss
With the new ETP from CoinShares 51 ETPs from 12 issuers are already tradable daily on BX Swiss from 9.00 am to 5.30 pm. The underlying of the new ETP is the cryptocurrency FTX (or FTX Token - FTT), currently one of the TOP 25 most important cryptocurrencies (by market capitalization). The FTX Token was created to further develop the FTX crypto exchange (founded in 2019 by Sam Bankman-Fried and Gary Wang), one of the largest crypto trading platforms.
CoinShares is a pioneer in digital asset investing having launched the world?s first regulated bitcoin investment fund as well as bitcoin based securities on a regulated exchange. The firm currently has assets under management of USD 1.74 bn (19.09.2022), making them the largest digital asset manager in Europe.
?ETPs offer investors the advantage to gain exposure to various cryptocurrencies in a regulated environment. With CoinShares joining as new and pioneering issuer, our ETP offering will extend to an even larger universe of cryptocurrencies?, emphasizes Matthias M?ller, Head of Markets & Services der BX Swiss AG.
Townsend Lansing, Head of Product at CoinShares commented, ?FTX is an incredibly important part of the digital asset ecosystem, and we were pleased to partner with them to launch both our Staked Solana ETP and our Physical FTX Token ETP earlier this year. As the crypto industry evolves, so too does investor interest in networks beyond Bitcoin and Ethereum, and so we are pleased to be cross-listing CoinShares Physical FTX Token (CFTT) on yet another regulated stock exchange in Europe to satisfy increasing investor demand. We look forward to working with BX Swiss as we continue to execute our product development strategy.?
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