CoinShares ETPs Reach Record Trading Volumes

Amidst Market Volatility, Europe’s Largest Digital Asset Manager Sees Over $490M in Trading Volume as Investors Embrace Crypto ETPs

May 20, 2021 | SAINT HELIER, Jersey - -- CoinShares (Nasdaq First North Growth Market: CS) Europe's largest digital asset investment firm, today announced that the Company’s exchange traded products (“ETPs”) reached record trading volumes on Wednesday, May 19, 2021. CoinShares has two ETP platforms, XBT Provider, with $3.9B in AUM, and the newly launched CoinShares Physical platform, with $367M in AUM.¹

With more than $490M in CoinShares ETPs changing hands on a day with significant market volatility, CoinShares – a publicly listed company under the CS ticker - had the highest volume traded of any European crypto ETP provider. 

In recent weeks, the cryptocurrency market has reached as high as $2.6T and as low as $1.4T, and while the asset class can be volatile, even the lower of these figures reflects over half a trillion dollars of market growth since the start of the year.² These are impressive numbers, and it’s important to note that the crypto asset class only comprises 35 basis points of global wealth, highlighting the opportunity for further growth.³ 

These record highs marked a new milestone for CoinShares. The previous record high was February 22, 2021 at $252M. Prior to, the most active day in trading volume was December 22, 2017, with $250M in certificates trading hands.

Notably, $312M or 63% of this activity was in ETH exposure, with the remaining $179M or 37% being in Bitcoin, Litecoin, and XRP exposures. As noted in the CoinShares Weekly Digital Asset Fund Flows report, in recent weeks Bitcoin investment products have seen net outflows for the first time, while Ethereum investment products have continued to see net inflows. This reflects increased investor interest in a wider range of digital assets beyond just bitcoin, and growing levels of participation in this market.

Frank Spiteri, CoinShares’ Chief Revenue Officer commented “These impressive volumes demonstrate the robustness of our ETPs which deliver great outcomes for our investors and continue to operate seamlessly during even the most volatile periods. At a time when several crypto exchanges halted trading, our ETPs are being used as a trusted vehicle to access the digital asset class.”

Over the past seven years CoinShares has set the standard for trust and transparency provided to investors, putting the Company in a unique position to bridge the gap between institutional investors and digital assets. Since listing the first Bitcoin ETP in 2015, CoinShares ETPs have achieved several milestones: