Baker McKenzie has advised CoinShares
Baker McKenzie has advised CoinShares on all Swiss law aspects in connection with its admission as new ETP issuer at the SIX Swiss Exchange and the listing of its first physical bitcoin ETP (BITC). With the listing of BITC, CoinShares is enlarging the choice of tradable products with a crypto-currency underlying for investors.
CoinShares is the second ETP issuer joining the SIX Swiss Exchange in 2021. Its physical bitcoin ETP (BITC) offers investors exposure to bitcoin in combination with the advantages of an Exchange Traded Product (ETP). BITC is physically collateralized with bitcoin, with each unit being backed-up with 0.001 bitcoin at launch and custodied by Komainu. With the listing of BITC, investors can now choose between 22 different ETPs and structured products on bitcoin at the SIX Swiss Exchange.