Coinshares starts Chainlink, Uniswap ETPS in Germany

Coinshares starts Chainlink, Uniswap ETPS in Germany

Coinshares has launched two other crypto ETPs in Germany, which increases the company's total number of ETP introductions (stock market-traded products) to seven this year.

The physical chainlink and physically uniswap ETPs are noted on the German main market Xetra, the company said on Wednesday. They each bear an administrative fee of 1.5 %.

Frank Spiteri, Chief Revenue Officer of Coinshares, said in a statement that investors have gained interest in digital assets beyond Bitcoin and Ethereum in the course of the development of the sector.

"Among those who are best familiar with crypto, a more thematic approach to digital assets is emerging, and we assume that this trend will continue because research and investor training improve," he said.

A co-shares spokesman did not immediately answer a request for further comments.

Oracle protocol Chainlink was developed to combine information from the real world with the smart contracts that are carried out on a blockchain platform. According to Blockworks, the local currency Link has a market capitalization of around $ 5 billion.

An alternative to centralized stock exchanges, uniswap enables users to either act or provide liquidity that supports trade activities within its application. Uniswap (university) has a market capitalization of around $ 3.2 billion.

CoinShares manages a wealth of around $ 3.3 billion. After a record quarter in which the company recorded its highest quarterly profits and managed assets, the managers reported a decline in the last quarter on Tuesday.

The product launches follow the company last week bring a physically secured ftx-tok Crypto exchange. The product had a start-up capital of around $ 40 million.