CoinShares Group, the group behind the first bitcoin and ether exchange traded notes (Issued by XBT Provider AB) and the team behind the world’s first regulated bitcoin strategy (GABI), is announcing two new flagship crypto investment funds today.
The two funds, CoinShares ‘Active’ Fund – a multi-coin, alpha-generating, active strategy, and CoinShares ‘Large Cap’ Fund, a passive, large-cap, basket fund, represent a natural evolution of market approaches based on the current trajectory of the crypto-asset economy.
This announcement follows the group’s October launch of the first Ether-tracking, exchange-traded products (ETP) on Nasdaq Stockholm. These ETPs now comprise more than $350M of assets less than four months post-launch.
“As a group, we have developed a deep expertise in bringing new, fit-for-purpose crypto-investment products to market, products which offer traditional investors proper, familiar channels to access the crypto-asset ecosystem,” CoinShares chairman Daniel Masters said. “We are particularly excited for these two new funds as they represent the latest evolution of our expertise and are built on key learnings from the last three years of managing crypto-asset investments.”
In addition to announcing two new funds, the CoinShares Group is also officially announcing the opening of a London-based office. CoinShares is seeking to establish itself in jurisdictions where crypto regulation is evolving and will work with regulators in this area.
“We are excited to establish the appointed representative relationship with Sapia Partners LLP, part of the Lawson Conner Group,” UK CEO Ryan Radloff said. “As one of the European leaders in crypto-finance, we have a responsibility to lead by example, and as a group we believe that the crypto-finance community should seek more regulation, not run away from it. This London office is a proper step in upholding that belief. There is still a lot of work to be done on regulation in crypto-finance and we look forward to working with regulators throughout the process.”