CoinShares XBT Provider cryptocurrency ETPs hit record volume

CoinShares, a European-essentially based completely completely digital asset funding company, on the present time announced that the firm’s XBT Provider line of cryptocurrency switch-traded merchandise (ETPs) reached chronicle trading volumes on Monday, January 4, 2021.

With bigger than €162M ($202M) in XBT certificates altering palms traded in the marketplace’s first day of trading in 2021, CoinShares had the generous volume traded in any European listed crypto ETP. XBT Provider is a Swedish-essentially based completely completely issuer of switch-traded merchandise listed on Nasdaq Stockholm AB.

Since checklist in 2015, XBT Provider has performed a form of milestones:

  • December 2017: XBT Provider crossed $1B in AUM for the primary time.
  • January 2018: XBT Provider reached $182M in every single day turnover, with an sensible every single day volume of $85.5M.
  • March 2019: CoinShares’ XBT Provider modified into once named Europe’s most Innovative ETP Provider.
  • November 2020: XBT Provider surpassed $2B in AUM.
  • January 4, 2021: XBT Provider reached $202M in every single day turnover and $2.9B in AUM.

“Our XBT Provider merchandise continue to offer exposure to Bitcoin by procedure of prone brokerage accounts in some unspecified time in the future of Europe, making it easy for investors of all kinds to construct exposure to Bitcoin with out the head rate linked to other merchandise available in the market or the likelihood of trading and securing your bag assets.”

– Chief Govt Officer at CoinShares, Jean-Marie Mognetti

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