Le Lézard
Classified in: Science and technology, Business
Subject: ERP

CoinShares Group Reports Strong Growth for ETP business led by ~100% Increase in Assets Under Management.

-- 2019 ETP Stats: 97% AUM growth; $1.58bn total volume traded

LONDON, Jan. 22, 2020 /PRNewswire/ -- CoinShares Group, one of the world's largest digital asset managers and a pioneer in digital asset investing, today announced its continued momentum and significant growth in 2019 for its exchange traded product (ETP) line of business.

The success of the Group was punctuated by a 97% increase in assets under management in the (ETP) line, totaling $522 million as of Jan 1, 2020. The eight ETPs that comprise the line accounted for $1.58 billion in trade volume last year, averaging just over $6 million in volume per day making XBT Provider's products amongst the most actively traded in Scandinavia.

CoinShares also experienced the Group's most prolific year for product expansion yet, launching new ETPs that track the price of Litecoin and XRP under its XBT Provider brand among other new offerings. These products advance the CoinShares Group mission of providing responsible and familiar investment vehicles for investors seeking exposure to the digital asset ecosystem.

"2019 was an exciting year for CoinShares and our industry, but 2020 looks to be even more promising," commented Danny Masters, Chairman of CoinShares, on today's news. "As institutional investors start allocating into bitcoin and digital assets, they are seeking familiar product structures that can meet their unique needs. CoinShares is committed to delivering these products as part of our broader mission to bridge traditional and digital finance."

Mr. Masters and CoinShares new Head of Product, Townsend Lansing, will be speaking on February 10th at DAS: London, the city's first institutionally focused digital asset event, as part of CoinShares' ongoing efforts to provide access to and help expand institutional demand for the digital asset class.

About the CoinShares Group

CoinShares is a pioneer in digital asset investing and management, offering products and services that expand access to the digital asset ecosystem. Our legacy in capital markets, particularly emerging frontier markets, enables CoinShares to better serve investors through familiar, fit-for-purpose investment products, advisory services, and proprietary research. The first to offer investors exposure to digital assets through regulated investment vehicles, CoinShares continues to pioneer the digital asset domain with first-to-market products.

For more information on CoinShares, visit: https://coinsharesgroup.com/

Media Contact:
Megan Carey

These press releases may also interest you

at 21:30
Accenture has acquired Icon Integration, a privately held Australian technology consultancy that provides SAP digital supply chain solutions and services as well as specialised business intelligence (BI) solutions to clients across Australia and New...

at 20:09
Scientific Games Corporation ("Scientific Games" or the "Company") was honored with five industry accolades at ICE London 2020 for creating best-in-class entertainment with its unified, world-class content and innovation across gaming, iGaming and...

at 20:00
Cybersecurity specialists hired by NCH recently wrapped up their investigation into an email phishing attack against NCH.  On or around June 14, 2019, NCH became aware of suspicious activity related to its human resources, timekeeping, and payroll...

at 19:25
Track Group, Inc. , a global leader in offender tracking and monitoring services, today announced financial results for its first quarter ended December 31, 2019 (the "First Quarter FY20"). The Company posted (i) revenue of $8.4M, an increase of 3%...

at 18:45
Today's threat landscape has brought the critical need for data security front and center. Stepping up to meet this challenge is Cyber Security Services, a cyber security consulting firm and risk assessment company, which announced today the launch...

at 18:15
Global Portable Solar Chargers Market: Scope of the Report The portable solar chargers market is anticipated to observe a significant growth in the forecast period of 2019 to 2029, according to the study. The study propounds key trends that are...

News published on 22 january 2020 at 04:00 and distributed by: