Asset manager Coinshares to launch an exchange-traded bitcoin product
Coinshares, a cryptocurrency and digital asset management firm, is launching a physically-backed bitcoin exchange-traded product (ETP) as the leading digital asset continues with its monster rally that started in December last year.
The new product, named Coinshares Physical Bitcoin (BITC) will trade under the ticker BITC on Switzerland’S principal exchange, SIX.
0.001 bitcoin will back each unit of BITC.
An ETP is a type of a security that tracks the performance of an underlying financial instrument, in this case, bitcoin. As this product is physically-backed, it directly holds the bitcoin to fulfill its obligations.
The responsibility of holding the bitcoins falls on Komainu, a joint venture between Coinshares, Ledger, and Nomura Holdings.
“A lot of institutional clients have a very strong due-diligence process, and we wanted to bring to market a best-in-class product to embrace that demand,” said Frank Spiteri, chief revenue officer at CoinShares. “We are ready, as of January, to embrace the forthcoming demand from institutional clients.”
Coinshares, which has about $2.9 billion in assets under management (AUM), is one of the earliest firms to offer a crypto product. The firm launched a regulated bitcoin investment vehicle in 2015 when the digital asset traded under $500.
The product will be launched with roughly $200 million in AUM, the level the new product needs to satisfy the baseline for investment consideration.
BTC investment products are not so popular in Europe
Bitcoin products are not as popular in Europe as they are in the U.S. For example, Grayscale’s $27 billion in AUM dwarves Coinshares’ $2.9 billion worth of assets.Commenting on the popularity gap of bitcoin products between the two markets, Townsend Lansing, Head of Product said,
"The U.S. is a single, unified financial market, one of the largest, if not the largest in the world in terms of sophistication and access."
The launch comes at a time when bitcoin is enjoying a massive rally that saw the digital asset’s price soar past $41,000, with institutions showing more appetite for the asset.
100% Success Money Back Guarantee
If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Take your next step towards crypto success
$799/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
What’s included in Pro:
Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
Our latest memecoins pick with 50X potential
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the success guarantee work?
If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Recommended from Cryptonary
