CoinShares Reduces Management Fees on Europe's Largest Bitcoin Physical ETP, Aligning Global Product Offering
14th January 2025 | SAINT HELIER, Jersey—CoinShares International Limited ("CoinShares" or the "Company") (Nasdaq Stockholm: CS; US OTCQX: CNSRF), Europe's leading digital asset investment firm, today announced a reduction in the management fees for its flagship CoinShares Physical Bitcoin ETP (ticker: BITC; ISIN: GB00BLD4ZL17) from 0.35% to 0.25%. This strategic move, effective immediately, reinforces BITC's position as Europe's largest Bitcoin physical exchange-traded product (ETP) by assets under management (AUM) and aligns the fee structure with the Company's US-listed CoinShares Valkyrie Bitcoin ETF (NASDAQ: BRRR).
The fee reduction demonstrates CoinShares' commitment to providing investors with cost-efficient 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 reduce BITC's management fees reflects our unwavering commitment to delivering the most competitive and well-structured Bitcoin investment products globally. By aligning our fee structure across our US and European offerings, we're providing institutional and retail investors with consistent, professional-grade investment solutions regardless of their geographical location. This reduction reinforces our position as the go-to provider for digital asset exposure in the regulated exchange-traded product market."
About CoinShares
CoinShares is the leading European investment company specialising in digital assets, that delivers a broad range of financial services across investment management, trading and securities to a wide array of clients that includes corporations, financial institutions and individuals. Focusing on crypto since 2013, the firm is headquartered 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, National Futures Association and Financial Industry Regulatory Authority. CoinShares is publicly listed on the Nasdaq Stockholm under the ticker CS and the OTCQX under the ticker CNSRF.
For more information on CoinShares, please visit:
Company | +44 (0)1534 513 100 |
Investor Relations | +44 (0)1534 513 100 |
PRESS CONTACT
CoinShares
Benoît Pellevoizin
M Group Strategic Communications
Peter Padovano
The CoinShares Physical Bitcoin Digital Securities (“Bitcoin Securities”) of CoinShares Digital Securities Limited (the “Issuer”) and the CoinShares Physical Staked EthereumDigital Securities (“Ethereum Securities” and, together with the Bitcoin Securities, the “UK Listed Securities”) are the subject of a base prospectus (the “UK Prospectus”) of the Issuer dated 17 December 2024 and approved by the Financial Conduct Authority (“FCA”) as competent authority under the UK version (the “UK Prospectus Regulation”) of Regulation (EU) No 2017/1129 (the “EU Prospectus Regulation”). The UK Listed Securities have been admitted to the Official List maintained by the FCA for the purposes of Part VI of the Financial Services and Markets Act 2000 (“FSMA”). However the UK Listed Securities are available in the United Kingdom for professional investors only.
An investment in the UK Listed Securities should only be made in the United Kingdom on the basis of the UK Prospectus.
The Digital Securities of the Issuer are also the subject of a base prospectus of the Issuer dated 16 April 2024 (the “EU Prospectus”) relating to Individual Securities and a base prospectus of the Issuer dated 1 March 2024 (the “EU Index and Basket Securities Prospectus”) relating to Index Securities and Basket Securities. The EU Prospectus and the EU Index and Basket 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 EU Index and Basket Securities Prospectusmay not be distributed in or into the United Kingdom save to investment professionals (within the meaning of article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (SI 2005/1529) (the “Financial Promotion Order”)), institutional investors falling within article 49(2) of the Financial Promotion Order or otherwise as permitted in accordance with section 21 of FSMA and the Financial Promotion Order. This announcement announcement, the EU Prospectus and the EU Index and Basket Securities Prospectus are not directed in the United Kingdom to any other persons and such other persons should not act upon any of them.
