CoinShares Cuts Management Fees on Europe’s Largest Bitcoin Physical ETP, Harmonizing Global Product Offering Investing.com
January 14, 2025 | SAINT HELIER, Jersey”CoinShares International Limited (“CoinShares” or the “Company”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF)a leading European digital asset investment firm, today announced a reduction in management fees for its flagship CoinShares Physical ETP (ticker: BITC; ISIN: GB00BLD4ZL17) from 0.35% to 0.25%. This strategic move, effective immediately, strengthens BITC’s position as Europe’s largest exchange-traded physical Bitcoin product (ETP) by assets under management (AUM) and aligns its fee structure with the CoinShares Valkyrie Bitcoin ETF (NASDAQ: RRRR) Companies listed in the USA.
The fee reduction demonstrates CoinShares’ commitment to providing investors with cost-effective exposure to digital assets while maintaining the highest standards of product structuring. This initiative follows BITC’s recent milestone of becoming Europe’s largest Bitcoin ETP, with the Company now managing over $4 billion in Bitcoin assets across its European product range.
Frank Spiteri, Head of Asset Management at CoinShares, commented on the announcement: “Our decision to lower BITC management fees reflects our unwavering commitment to delivering the most competitive and well-structured Bitcoin investment products globally. By harmonizing our fee structure across our U.S.- and European offers, we provide institutional and retail investors with consistent investment solutions of a professional level, regardless of their geographical location, strengthening our position as the largest supplier for exposure of digital assets to a regulated market for traded products.”
About CoinShares
CoinShares is a leading European investment firm specializing in digital assets, providing a wide range of financial services in the fields of investment management, trading and securities to a wide range of clients that include corporations, financial institutions and individuals. Focused on crypto since 2013, the company is based in Jersey, with offices in France, Sweden, Switzerland, the UK and the US. CoinShares is regulated in Jersey by the Jersey Financial Services Commission, in France by the Autorité des marchés financiers, and in the US by the Securities and Exchange Commission, the National Futures Association and the Financial Industry Regulatory Authority. CoinShares is publicly listed on Nasdaq Stockholm under the symbol CS and on the OTCQX under the symbol CNSRF.
For more information about CoinShares, visit: https://coinshares.com
Company | +44 (0)1534 513 100 | enquiries@coinshares.com
Investor relations | +44 (0)1534 513 100 | enquiries@coinshares.com
PRESS CONTACT
CoinShares
Benoît Pellevoisin
bpellevozin@coinshares.com
Strategic communication of Group M
Peter of Padua
press@coinshares.com
CoinShares Physical Bitcoin Digital Securities (Bitcoin securities) CoinShares Digital Securities Limited ( Publisher) and CoinShares Physical Staked EthereumDigital Securities ( Securities and, together with Bitcoin Securities, Securities listed in the UK) are the subject of the basic prospectus ( Prospectus UK) of the Issuer from December 17, 2024 and approved by the Financial Supervisory Authority (FCA) as the competent authority according to the UK version ( UK Prospectus Regulation) of Regulation (EU) no. 2017/1129 ( EU PRegulation on respect). UK listed securities are included in an official list maintained by the FCA for the purposes of Part VI of the Financial Services and Markets Act 2000 (FSMA). However, securities listed in the UK are available in the United Kingdom for professional investors only.
Investment in UK listed securities may only be made in the United States Kingdom (TADAWUL:) based on UK prospectus.
The Issuer’s digital securities are also the subject of the Issuer’s basic prospectus dated April 16, 2024 ( EU prospectus) which refers to Individual Securities and the basic prospectus of the Issuer from March 1, 2024 ( Prospectus of EU indices and basket of securities) which refers to Index Securities and Basket Securities. The EU prospectus and the EU index and basket of securities prospectus have been approved by the Swedish Financial Supervisory Authority for the purposes of the EU Prospectus Regulation, but have not been approved by the FCA for the purposes of the UK Prospectus Regulation.
This announcement, the EU Prospectus and the prospectus of the EU Indices and Baskets of Securities may not be distributed in or in the United Kingdom except to investment professionals (within the meaning of section 19 of the Financial Services and Markets Regulation 2000 (Financial Promotion) 2005 (SI) 2005/1529) ( Order for financial promotion)), institutional investors falling under section 49(2) of the Financial Promotion Order or otherwise as permitted under section 21 of FSMA and the Financial Promotion Order. This publication notice, the EU prospectus and the EU index and basket of securities prospectus are not directed in the United Kingdom to any other person and should not be acted upon by any such other person.
