Europe’s largest digital asset investment firm CoinShares have announced that the company’s XBT Provider line of exchange-traded products has reached record trading volumes on Jan. 4, 2021. Over more than $202M worth of XBT certificates were traded on the particular date. This comes to be the highest volume traded in any European listed crypto ETP.
CoinShares XBT Provider ETPs Record Trades
CoinShares also recorded over $2.9 billion in AUM, surpassing other firms in Europe including ETC Group’s BTCE having $100M in AUM and 21Shares with over $150M in AUM.
Bitcoin has been showing positive performance in the crypto market with its massive rallies. The cryptocurrency has touched today its record ATH of $35,000 while further signaling that BTC might show similar bullish momentums in the near future too.
In the announcement release, CoinShares’ Chief Revenue Officer, Frank Spiteri, stated how the firm’s ETP is the perfect choice for institutional investors looking to invest in Bitcoin:
“We are seeing an unprecedented volume of interest in Bitcoin from institutional investors. As wealth managers, private banks, and European institutions look to add Bitcoin to their portfolios, our ETPs are the logical choice.”
Over the past seven years, CoinShares has set the standard for trust and transparency provided to investors. The company aims to bridge the gap between institutional investors and digital assets.
XBT Provider Makes It Easier for Bitcoin Exposure
XBT Provider is an issuer of exchange-traded products listed on Nasdaq Stockholm AB and is wholly owned by the CoinShares Group.
It provides investors with all types of exposure to Bitcoin, without being subjected to the premium associated with other products in the market or the risk of trading the assets themselves.
Chief Executive Officer at CoinShares, Jean-Marie Mognetti, adds that their XBT Provider makes it easier for investors of all types to gain exposure in Bitcoin, saying:
“As more investors look to Bitcoin as a viable investment option, our XBT Provider products continue to offer exposure to Bitcoin via traditional brokerage accounts across Europe, making it easy for investors of all types to gain exposure to Bitcoin without the premium associated with other products in the market or the risk of trading and securing your own assets.”