CoinShares launched two zero management fee index ETPs in Xetra, Germany
According to reports, CoinShares today announced the launch of two physically supported indices ETP in the main German market Xetra: CoinShares Physical Top 10 Crypto Market ETP (c
According to reports, CoinShares today announced the launch of two physically supported indices ETP in the main German market Xetra: CoinShares Physical Top 10 Crypto Market ETP (code: CTEN) and CoinShares Physical Smart Contract Platform ETP (code: CSSC), with a management fee of zero. Both products track customized indexes developed in collaboration with Compass Financial Technologies.
CoinShares launched two zero management fee index ETPs in Xetra, Germany
I. Introduction
– Explanation of CoinShares’ recent announcement regarding the launch of two physically supported indices ETP in the main German market Xetra
– Brief overview of the two indices
II. CoinShares Physical Top 10 Crypto Market ETP (CTEN)
– Overview of CTEN and its key features
– Explanation of how CTEN tracks the top 10 cryptocurrencies
– Discussion of the management fee waiver
III. CoinShares Physical Smart Contract Platform ETP (CSSC)
– Overview of CSSC and its key features
– Explanation of how CSSC tracks smart contract platforms
– Discussion of the management fee waiver
IV. Collaboration with Compass Financial Technologies
– Explanation of how CoinShares collaborated with Compass Financial Technologies to develop customized indexes for both CTEN and CSSC
– Importance of the collaboration and the benefits it offers to investors
V. Conclusion
– Summary of the main points discussed in the article
– Final thoughts on the significance of CoinShares’ new indices
CoinShares Launches Two New Physically Supported Indices ETP on Xetra
CoinShares, a digital asset investment firm, announced the launch of two physically supported indices ETP in the main German market Xetra: CoinShares Physical Top 10 Crypto Market ETP (CTEN) and CoinShares Physical Smart Contract Platform ETP (CSSC). Both products track customized indexes developed in collaboration with Compass Financial Technologies. What’s more, the management fee for CTEN and CSSC is completely waived.
CoinShares Physical Top 10 Crypto Market ETP (CTEN)
CTEN is designed to provide investors with easy access to the top 10 cryptocurrencies in the market. Its index includes well-known digital assets such as Bitcoin, Ethereum, and Litecoin, as well as up and coming cryptocurrencies, like Cardano and Polkadot.
CTEN is physically backed, meaning that each ETP unit represents a certain amount of the underlying asset. Additionally, the product is approved by Germany’s financial regulator and is fully custodied in Switzerland. CTEN offers investors the convenience of owning a diversified portfolio of cryptocurrencies without the need to hold them directly.
One of the most notable features of CTEN is the management fee waiver. This means that investors do not have to pay any management fees, making it an attractive option for those looking to invest in cryptocurrencies in the long term.
CoinShares Physical Smart Contract Platform ETP (CSSC)
CSSC, on the other hand, tracks smart contract platforms, such as Ethereum, EOS, and Tron. Smart contract platforms are blockchain-based networks that allow developers to create decentralized applications (dApps). CSSC’s index aims to identify the most promising smart contract platforms and to provide investors with exposure to them.
Like CTEN, CSSC is physically backed, fully custodied in Switzerland, and approved by Germany’s financial regulator. It is a unique product that allows investors to invest in the future of decentralized applications easily.
The management fee waiver for CSSC also makes this product an attractive option for investors seeking to participate in the growth of smart contract platforms without paying high management fees.
Collaboration with Compass Financial Technologies
CoinShares collaborated with Compass Financial Technologies, a technology provider for financial institutions, to develop customized indexes for both CTEN and CSSC. The collaboration has made it possible for CoinShares to provide investors with unique offerings that cater to those looking to invest in the digital economy.
For investors, the partnership provides access to diversified cryptocurrency portfolios that are professionally managed and benchmarked against customized strategies.
Conclusion
CoinShares’ launch of two new physically supported indices ETP is a significant development in the digital asset investment space. It provides investors with innovative products that offer access to cryptocurrencies and smart contract platforms in a convenient, easy-to-access format. The management fee waiver is a notable feature that makes CTEN and CSSC attractive options for investors looking to invest in the long-term growth of the digital economy.
FAQs
1. What are physically supported indices ETP?
Physically supported indices ETP (Exchange Traded Products) allow investors to gain exposure to an underlying asset without buying it directly. Each ETP unit represents a certain amount of the underlying asset, and ETPs can be traded on an exchange like stocks.
2. Why is the management fee waiver significant?
Management fees can significantly affect investors’ returns over time. The management fee waiver for CTEN and CSSC means that investors do not have to pay any management fees for holding these products, thereby increasing their potential returns.
3. What benefits do investors get from partnering with Compass Financial Technologies?
Compass Financial Technologies is a technology provider for financial institutions. They provide customized indexes and strategies that are professionally managed, giving investors access to diversified cryptocurrency portfolios. The collaboration between CoinShares and Compass Financial Technologies allows investors to invest in the future of the digital economy with ease.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/11147/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
The First Legal Freezing of Digital RMB During Execution in Handan City: What Does It Mean?
According to reports, recently, the People\’s Court of Hanshan District, Handan City, Hebei Province lawfully froze the digital RMB in the account of a person being executed during
-
BTC Breaks Through $28,800 and Trades at $28,819.7: A Look Into the Current Market
According to reports, the market shows that BTC has broken through $28800 and is currently trading at $28819.7, with a daily increase of 5.53%. The market is volatile, so please do
-
What platform is Suncoin online (Is Suncoin potential)?
What platform is Suncoin online? Suncoin (SUN) is a project focused on Tron\’s D
-
What is a digital currency wallet (what is a digital currency wallet for)
What is a wallet for digital currency In the field of digital currency, wallets are an important component. Manage the funds of assets by recording encrypted information in user accounts onto the blockchain. Wallets can also be used to store private keys and other sensitive data for other purposes Since most people regard Bitcoin or Ethereum as a way to store wealth, it is very useful to use it as a way of personal savings. But in fact, many investors believe that this approach is unreasonable or even illegal. For example, if a company sends digital coins worth over $100000 or some tokens to a customer, they no longer need to conduct transactions. This actually means that if these companies want to use their own funds to pay their bills, their financial situation may change. However, from a theoretical perspective, such operations are not suitable for ordinary people to participate in. Because in this way, in order for people to…
-
What is ZTB currency (ZTB currency platform)
What currency is ZTB coin? According to the ZTbCoin market, the transaction volume has reached 450 million US dollars so far. In addition, according to the official data of zkcash, ztb coin is based on tokens issued by Ethereum, with a market value of about $100 million Specifically, Bitcoin was dug out by the repeater of the Zero-knowledge proof technology development team (i.e. “0x protocol”) and rewarded to users as miners (the process takes three years). But as time passed, Bitcoin no longer had monetary value. And the Ethereum Classic also adopted this mechanism, and at the end of 2018, its price was close to 3000 yuan per piece ZTB Currency PlatformAccording to ZTB, ZTB is a new digital currency platform. It is designed to enable users to send and receive digital assets or other Cryptocurrency through their wallets. The trading volume of this platform has exceeded the level of October 2017. It is reported that at the end of…
-
“UACatsDivision”: Ukraine’s First National NFT Series Backed by Government Investment
According to reports, Ukrainian President Volodymyr Zelenskyy has signed the country\’s first national NFT series, which has been approved under the name \”UACatsDivision\”. It is rep
-
Argo Blockchain’s Bitcoin Production Grows by 7% Daily
It is reported that Argo Blockchain, a crypto mining enterprise, produced 162 Bitcoins or Bitcoin equivalents in February, an increase of 7% per day compared w…
-
Celer Network’s cBridge Expands its Cross-Chain Payment Network with Swarm Token (BZZ) Support
It is reported that cBridge, a cross-chain payment network launched by Celer Network, announced its support for Swarm Token (BZZ), a decentralized storage network. Users can now provide centralized storage and hosting services for Swarm Token (BZZ) between Ethereum and BNB Chain through cBridge. Celer’s cross-chain payment network cBridge announced support for Swarm Token (BZZ) Analysis based on this information:Celer Network’s cBridge has expanded its cross-chain payment network by announcing its support for Swarm Token (BZZ), a decentralized storage network. This recent development fuels the use of decentralized applications and blockchain technology by allowing users to provide centralized storage and hosting services for Swarm Token (BZZ) between Ethereum and Binance Chain (BNB) through cBridge. Swarm Token (BZZ) enables users to share and store their data by utilizing decentralized storage technologies such as peer-to-peer networks, ensuring better privacy, and eliminating the need for intermediaries. The users of Swarm Token (BZZ) can enjoy zero data loss, low latency, and fast data access…
-
Balancer Launches Generalized Boosted Pools for DeFi Yield Market Integration
It is reported that Balancer launched DeFi component Generalized Boosted Pools, which supports the integration of the yield market in Balancer, and maintains t…
-
Australian Start-up Launches Immersive Mastercard for Crypto Payments
It is reported that the Australian web3 start-up Immersve launched a new MasterCard product, enabling Australian and New Zealand users to use their Immersve Ma…
-
#Bitcoin Market Value Surges 45%: Breaking Down the Rise
According to reports, the market value of Bitcoin has risen to over 45%, reaching a new high since May 2021, with a figure of approximately 38% at the beginning of the year.
Data: -
The Rise and Fall of BTC: A Look at Recent Price Movements
According to reports, BTC has risen by more than 17% in the past two weeks, with prices briefly exceeding $29000 on Thursday, before falling back to around $28500. Major tokens suc
-
AAVE breaks through $90 and increases by 6.28%
According to the report, the market shows that AAVE has broken through $90 and is now reported at $90.06, with a intra-day increase of 6.28%. The market is vol…
-
The Urgent Need To Upgrade The Open-Source Headless CMS Strpi
On April 23rd, it was announced that Slow Fog Researcher IM_ 23pds tweeted that the open-source headless CMS Strpi has released security alerts, allowing attackers to exploit known
-
What is gas cost in blockchain (blockchain technology cost)
What is gas cost in blockchain? What is gas cost in blockchain Let’s take a look at the GAS fee of blockchain, which is a way of consuming time resources (i.e. computing resources) in the network. For blockchain, it is a time-consuming process. When you put your data on the chain, you need to spend a lot of time and effort on some things, such as debugging programs, etc. At this time, various operations such as transactions and payments will occur. Due to the inherent characteristics of blockchain, if there are any other functions, it will generate a lot of waste and even cause the entire network to become increasingly congested. But what use is this waste? Simply put, it is the cost incurred by calculating or running these software. If you are a developer or a user building on it, they must pay a certain price for executing the task in order to receive rewards. If you are a…
-
What does mining mean by calculation
What does mining mean by calculation? What does mining mean by calculation? The computing power of a computer is directly proportional to the value of Bitcoin. In the computer world, the process of mining digital currencies is called “machine learning” We often hear people talk about the method of making money by digging coins, which is actually to make it easier for everyone to understand what it is. So what does digging coins mean by calculating? If one day you find that the price of a certain digital currency has increased by more than 50%, you will know what happened to this investment. But what about this profit? Because blockchain is a decentralized database, anyone can create an ledger to record information and transactions, which ensures that all data is true, transparent, and tamperproof, and cannot be arbitrarily copied or tampered with. So if you want to participate in the cryptoeconomy, first you need to learn about mining. What is…