CoinShares launches UCITS platform for European institutional investors

PANews July 21, according to GlobeNewswire, CoinShares announced the launch of its UCITS platform and launched its first product via the CoinShares Bitcoin Mining UCITS ETF, which is traded on the Deutsche Börse Xetra. The platform builds on its existing crypto ETP base, tapping into Europe’s roughly €26.3 trillion UCITS regulated fund ecosystem, with a focus on large institutional investors such as pension funds, insurance platforms, and private banks. CoinShares has received authorization from the Central Bank of Ireland, allowing the group to reuse the same UCITS vehicle multiple times to roll out more digital asset and thematic strategy funds quickly at lower marginal costs. By using multiple products under a fixed-cost structure, it aims to increase management fee revenue and operating leverage.