CoinShares launches its first FTX ETP at BX Swiss
BX Swiss welcomes CoinShares as new ETP issuer. The first listed ETP (ticker CFTT) offers investors exposure to FTX, the native coin of one of the largest global cryptocurrency exchanges.
With the new ETP from CoinShares 51 ETPs from 12 issuers are already tradable daily on BX Swiss from 9.00 am to 5.30 pm. The underlying of the new ETP is the cryptocurrency FTX (or FTX Token - FTT), currently one of the TOP 25 most important cryptocurrencies (by market capitalization). The FTX Token was created to further develop the FTX crypto exchange (founded in 2019 by Sam Bankman-Fried and Gary Wang), one of the largest crypto trading platforms.
CoinShares is a pioneer in digital asset investing having launched the world’s first regulated bitcoin investment fund as well as bitcoin based securities on a regulated exchange. The firm currently has assets under management of USD 1.74 bn (19.09.2022), making them the largest digital asset manager in Europe.
«ETPs offer investors the advantage to gain exposure to various cryptocurrencies in a regulated environment. With CoinShares joining as new and pioneering issuer, our ETP offering will extend to an even larger universe of cryptocurrencies», emphasizes Matthias Müller, Head of Markets & Services der BX Swiss AG.
Townsend Lansing, Head of Product at CoinShares commented, «FTX is an incredibly important part of the digital asset ecosystem, and we were pleased to partner with them to launch both our Staked Solana ETP and our Physical FTX Token ETP earlier this year. As the crypto industry evolves, so too does investor interest in networks beyond Bitcoin and Ethereum, and so we are pleased to be cross-listing CoinShares Physical FTX Token (CFTT) on yet another regulated stock exchange in Europe to satisfy increasing investor demand. We look forward to working with BX Swiss as we continue to execute our product development strategy.»
Press release in PDF.
Contact for queries:
Claudia Ramondetta, press enquiries
Tel.: +41 31 329 40 40
Email: claudia.ramondetta@bxswiss.com
About BX Swiss
BX Swiss AG is an established stock exchange based in Zurich. BX Swiss AG is part of the international Stuttgart Stock Exchange Group and is subject to the Financial Market Infrastructure Act and supervision by the Swiss Financial Market Supervisory Authority FINMA.
BX Swiss offers active investors a trustworthy and secure access to a broadly diversified portfolio of financial products ranging from structured products (deriBX), equities from over 30 markets in Swiss Francs, Wikifolio certificates, ETFs, ETPs on various cryptocurrencies and bonds.
Swiss SMEs find an ideal trading platform at BX Swiss with the exchange trading segment SME Main Market through which they gain access to new investors as well as a diversified shareholder base.
With BX Swiss TV and BX plus, BX Swiss offers its own comprehensive knowledge and content platform, which provides market and stock exchange data in a clear and comprehensible manner, guarantees a high level of transparency, and promotes an interactive exchange.
About the CoinShares Group
CoinShares is a leading full-service digital asset investment and trading group that delivers a broad range of financial services across investment management, trading, securities and consumer products to a wide array of clients that includes corporations, financial institutions and individuals.
The firm is headquartered in Jersey, with a presence in France, Stockholm, the UK and the US. CoinShares is regulated by the JFSC, AMF and FINRA. CoinShares is publicly listed on the Nasdaq First North Growth Market under the ticker CS and the OTCQX under the ticker CNSRF.
To learn more about CoinShares, please visit: www.coinshares.com
CoinShares Media Contact
Jay Morakis
+1 646 859 5951
press@coinshares.com