Coinshares Launches The First Physically- Backed Exchange Traded Product (ETP) Providing Exposure To Tezos
Coinshares, a pioneer in digital asset investing and Europe’s biggest digital asset manager has launched the first physically-backed exchange-traded product (ETP) which provides exposure to Tezos.
All physical XTZ is securely held with Komainu – an institutional-grade regulated digital asset custodian.
Image credit: Tezos on Unsplash
Coinshares Launches Physical Staked Tezos ETP
Now, Coinshares have listed a physical Tezos exchange traded product to expand its range of institutional offerings. Other ETPs available on Coinshares include: Bitcoin, Ethereum, Litecoin, XRP and Polkadot.
Only Tezos and Polkadot ETPs are currently available as staked physical products and have reduced management fees of 0.0% PA. All other cryptocurrency ETPs contain a management fee.
Each investor has the option to redeem their securities directly for tez. The Coin Entitlement (CE) will be set at 5.0 tez at launch and the price will be determined by the CE multiplied by the tez price.
Trading of the XTZS securities will happen on the Börse Xetra exchange, which is Europe’s largest ETF trading venue. It will join the ETC Groups’ institutional-grade Tezos product (EXTZ), where the trading venue is also Deutsche Börse Xetra.
It will trade in USD and EUR markets and the Bloomberg codes will be set to XTZT GR for USD trading and XTZS GR for EUR trading.
Any content found on this website named xtz.news is an opinion of the author who produced the content and is for information purposes only. Any information, or content found within the website xtz.news is not intended to be investment or financial advice. Find our full disclaimer here.