CoinShares announces two new flagship crypto investment funds

Crypto investment is nothing new, but CoinShares‘ recent launch of two flagship funds both designed to invest in a diverse range of cryptocurrencies, certainly is.

The two funds: ‘Active’ Fund – a multi-coin, alpha-generating, active strategy; and ‘Large Cap’ Fund – a passive basket fund; represent a natural evolution of market approaches based on the current trajectory of the crypto-asset economy.

CoinShares hopes to provide users with less volatility than other single purpose funds and also aims to provide more of a reward, without the higher risk some would assume to be in place.

Ryan Radloff, CEO of CoinShares suggested that this is the way forward for folks who are looking for a way to invest in cryptocurrencies. He said in a statement: “If you wanted to invest in the internet through a diverse mix of strategies focused on everything from servers, fiber-optics and silicon to search engines, social network start-ups and e-commerce infrastructure – this would be that fund; but for the crypto-economy.

“We are very excited about bringing this fund and Block Asset Management’s expertise to our investor base; both the strategy and team will be a great complement to CoinShares’ growing platform of strategies.”

The experience on the Block Asset team suggests this may be true, with their team holding experience from the likes of Credit Suisse, Societe General, Citibank, UBS, Barclays & Lloyds.

CoinShares are definitely hoping to take advantage of this market, as they have also announced that they would be introducing two other crypto asset funds just a month ago. Thus, it’s not surprising that they are the European leader in crypto-finance, holding over $1b in crypto-assets across their investment products.

This announcement follows the group’s October launch of the first Ether Tracking, Exchange Traded Products on Nasdaq Stockholm. These ETPs now comprise more than $350M of assets less than 4 months post launch.

Potential investors should take note however, that cryptocurrencies typically deal in a very volatile market. Thus, it is advised that investors should only invest if they can afford to do so, as their capital will be at risk and there is no guarantee of a return.

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Ethereum ETN’s attract $10 million in assets after trading on Nasdaq

coinsharesLaunched just last week by Jersey-based financial firm CoinShares, the Ether Tracker One and Ether Tracker Euro exchange-traded note (ETN) has now surpassed $10 million since trading on Nasdaq Stockholm.

CoinShares combined assets under management (AUM) (which included the Bitcoin Tracker One and Bitcoin Tracker Euro) are now at $330 million since launching in 2015.

 

 

“When the group’s bitcoin ETNs – which are now at $330MM in AUM – launched in 2015, it took one year to attract the initial $10MM in AUM. The Ether Trackers achieved that in less than a week” says Ryan Radloff, Principal at CoinShares.

Due to popular demand by investors CoinShares is now providing professional asset research into the top 5 crypto-assets, this they believe is something new due to all previous research that was carried out more or less focused just on Bitcoin.

The first research is named Ether Asset Highlight launched today: https://coinshares.co.uk/#research

“We are excited to bring CoinShares Research to life as we begin to support the needs of the next wave of crypto investors. Now that we have a team covering ether, bitcoin and a few others on a full-time basis, expect more great coverage to come soon,” says Ryan Radloff, Principal at CoinShares.

The brand comprises two exchange traded bitcoin notes (COINXBT & COINXBE), two exchange traded ether notes (COINETH & COINETHE) and two funds (GABI & CoinShare Fund 1). All of these represent ‘first of their kind’ products in their respective categories.

For many investing in cryptocurrencies can be unfamiliar territory due to the complexity of managing wallets, dealing with exchanges and the related security concerns. ETN’s act as a gateway, simplifying the process for everyday investors who want to dabble in the cryptocurrency market but don’t know how.

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Investers can now bet on the price of Ethereum through Nasdaq

coinsharesJersey-based CoinShares announced today that two Exchange Traded Notes (ETNs) connected to the price of the Ethereum cryptocurrency can now be traded on Nasdaq.

Denominated in both Swedish Kronor and Euro, the ETNs are designed to track the price of Ethereum and are based on the average value of a select group of liquid Euro exchanges.

This comes as no surprise with other providers including XBT issuing similar ETNs for tracking Bitcoin last month and GABI, the first regulated BTC hedge fund combining the two entities to launch CoinShares who have crypto assets of around $300 million. These previous ETN’s were made available to investors through Hargreaves Lansdown.

Investing in cryptocurrencies have been notoriously difficult for everyday investors due to wallet, transaction and exchange complexities however with CoinShares historic NASDAQ announcement non tech-savvy investors will now have full access to the cryptocurrency market.

In the last 18 months at least fifteen cryptocurrency funds have launched and around five crypto-based investment products are currently pending review with regulators in the U.S. and elsewhere.

“Today is a historical moment for Ethereum and ether as an asset; and for the future of crypto-assets. It was a little over two years ago that the bitcoin ETNs began trading – offering investors exposure to bitcoin via an established exchange for the first time. Today, we are able to bring ether to the market and mark another major first. It is important to remember how far and how fast the space has matured in the less than 8 years since this revolution began,” says Ryan Radloff, Co-Principal at CoinShares.

We put some questions to CoinShares in a short interview:

What type of investors do you hope to attract with the ETH ETNs?

Product is for any investor who has qualified access to Nasdaq Stockholm.

Can you give us an estimated $ price of what you think Ethereum will trading at by 2018?

No price target right now – though we did a valuation model in our latest Ethereum research which may be helpful

Do you plan to trade on other exchanges such in currencies such as £ or $ ?

Cannot comment on future plans of that nature, apologies

What other cryptocurrencies do you have in mind? are you open to other ETNs with other currencies?

We delivered this product because the market had been requesting it since last year. We will follow market demand for future products as well.

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