CoinShares physical Ethereum (CSPE) is an exchange-traded product (ETP) that tracks the price of ETH, the native cryptocurrency of the Ethereum network. CSPE is traded on the Swiss Stock Exchange and is available to investors in Europe and elsewhere.
CoinShares, the issuer of CSPE, is a digital asset management firm based in London. The firm offers a range of products that provide exposure to cryptocurrencies, including bitcoin (BTC), ether (ETH), XRP, litecoin (LTC), and others.
CoinShares was founded in 2014 by Danny Masters and Guy Zyskind. It is one of the largest issuers of crypto ETPs in Europe and has more than $1 billion in assets under management.
CSPE is designed to track the price of ETH. It does this by holding ETH in a trust, which is then used to back a synthetic ETH instrument that is traded on the Swiss Stock Exchange.
The trust is managed by Coin Shares Trust Company, a wholly-owned subsidiary of CoinShares.
NOTE: CoinShares Physical Ethereum is a financial product that enables investors to buy and hold Ethereum tokens in a physical form. While this can be a convenient way to invest in Ethereum, it is important to understand the risks associated with this type of investment. Physical Ethereum tokens are not insured or guaranteed by any government or regulatory body and prices can be very volatile. It is possible to lose all of your investment if the market moves against you. Investors should also be aware that CoinShares Physical Ethereum is not the same as buying and holding actual Ethereum tokens, as the value of physical Ethereum may not reflect the real-time value of the underlying asset. Therefore, investors should carefully consider their own financial situation before investing in CoinShares Physical Ethereum.
The value of CSPE is based on the price of ETH on exchanges that trade ETH/USD pairs. The price of ETH on these exchanges is averaged and used to price CSPE.
The Trust’s ETH are held at Coinbase Custody Trust Company, LLC.
Coinbase Custody is a qualified custodian that meets the highest standards of security for storing digital assets. Custody services are provided by Coinbase UK, Ltd.
, a wholly-owned subsidiary of Coinbase, Inc., which is licensed by the UK Financial Conduct Authority as an Electronic Money Institution.
CoinShares Physical Ethereum provides investors with exposure to ETH without them having to purchase or store the cryptocurrency itself. CSPE is backed by actual ETH held in a trust, which gives it intrinsic value.
The product is traded on the Swiss Stock Exchange and available to investors in Europe and elsewhere.
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