UK FCA derivatives ban signals disapproval of crypto as a whole, CoinShares e...
The FCA covered everything it could with the ban, CoinShares' Townsend Lansing says. Following the definitive ban of cryptocurrency derivatives in the United Kingdom, cryptocurrency companies in the country shared their thoughts on the matter with Cointelegraph.Among the most affected is CoinShares, a U.K. company known for providing cryptocurrency exchange-traded notes, or ETNs. Unlike exchange-traded funds, ETNs do not necessarily own the underlying asset and are instead a way of tracking the returns of a particular index. When they mature, holders pay or receive the difference between....
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Crypto asset investment products recorded their most significant outflows in months, as investor sentiment swung sharply amid signals from US monetary policymakers. According to the latest report from CoinShares, a total of $1.43 billion exited crypto investment vehicles last week, the heaviest weekly outflow since March. CoinShares noted that trading volumes in exchange-traded products (ETPs) […]
Digital asset manager CoinShares is listing its second cryptocurrency exchange-traded product on the SIX Swiss Exchange. Major European digital asset manager CoinShares is expanding its product portfolio with a new physically-backed Ether (ETH) exchange-traded product, or ETP.Called CoinShares Physical Ethereum (ETHE), the new investment product is launching with around $75 million in assets under management. Announcing the news Wednesday, CoinShares said that each unit of ETHE is backed with 0.03 ETH at launch.The news comes shortly after CoinShares launched its first cryptocurrency ETP,....
CoinShares' pleas last year went unheard as crypto futures and ETNs will be soon banned. In a landmark decision issued on Tuesday by the U.K.’s Financial Conduct Authority, companies in the country will no longer be able to offer cryptocurrency derivatives products such as futures, options and exchange-traded notes (ETNs) to retail customers.The decision comes almost exactly one year after the regulator first proposed banning these products. In a statement released by the FCA, the regulators claim that cryptocurrency derivatives are “ill-suited for retail consumers due to the harm they....
Latest CoinShares weekly report has revealed a notable shift in last week’s crypto asset investment products, with the first major outflows reported after a prolonged 19-week streak of inflows. CoinShares particularly detailed $415 million in outflows, marking a sharp reversal from the previous weeks’ steady gains. According to James Butterfill, Head of Research at CoinShares, […]
CoinShares FTX Physical Staked Solana will be listed on Germany’s major digital market Xetra and is the fourth ETP rolled out by CoinShares this year. CoinShares, one of the largest crypto investment firms in Europe, and FTX crypto exchange have united forces to launch a new physically-backed Solana (SOL) exchange-traded product (ETP).The new product, titled CoinShares FTX Physical Staked Solana, is launching with 1 million SOL in seed capital, allowing investors to get 3% in staking rewards, CoinShares officially announced on Wednesday. The new cryptocurrency ETP is the first initiative....