ST. HELIER, CHANNEL ISLANDS, OCTOBER 18, 2017 – Ether Tracker One and Ether Tracker Euro just crossed $10MM in assets under management (AUM) a week after beginning trading on Nasdaq Stockholm.
“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. Initial demand for the Ether ETN from investors of all types has been exceptional, driving substantial volume for an un-seeded ETN; especially one in an emerging asset class. The community that was demanding the product has shown up in full force; and now, the community has a new request – research,” says Ryan Radloff, Principal at CoinShares.
In an effort to service this new wave of investors who are requesting professional asset research, CoinShares Research is launching analyst coverage on Ethereum and its native token, ether.
Announced today, CoinShares Research will serve the CoinShares’ family of investors with the first full-time research team dedicated to delivering market-leading insight into the top 5 crypto-assets; and coverage is beginning with ether.
“When we looked around at the available research in crypto to date, it either revolved strongly around bitcoin, or took a generalist approach to ‘the next biggest crypto-assets.’ While seminal work has been done on bitcoin as an asset – the same could not be said for ether. With this asset highlight, we aim to rectify that situation,” says Ryan Raldoff, Principal at CoinShares.
Launched today, the inaugural Ether Asset Highlight provides an overview of the current state of Ethereum combined with an assessment of key drivers behind long-term utility and speculative value of the ether token. The initial coverage also looks at ether’s performance relative to other more traditional asset classes as well as bitcoin.
“We took a specific approach and laid out the foundational pillars to understanding ether as an asset, work which we intend to build on in analyses to come. What you’ll find in this research coverage is a pragmatic discussion with a simple valuation approach to consider. You won’t find flashy price targets, and a bunch of marketing,” says Christopher Bendiksen, Head of Research at CoinShares.
CoinShares as a platform is home to crypto-currency’s only multi-strategy offering of investment vehicles; a family which now represents more than $350MM in crypto-assets under management.
“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.
CoinShares serves a global investor base seeking to invest in the emerging digital asset market(s) with a family of products which offer exposure to bitcoin and other emerging digital currencies/assets. CoinShares represents GABI - the first regulated bitcoin fund in the world; Bitcoin Tracker One (and Bitcoin Tracker Euro) and Ether Tracker One (and Ether Tracker Euro) the first exchange traded bitcoin and ether products, globally; and CoinShares Fund 1 - the first fund denominated in cryptocurrency (ETH). CoinShares is backed by a team with deep experience in Exchange Traded Products, Hedge Funds, Commodities, FX, Market Making and both active and passive investment in frontier markets. For more information on CoinShares, please see the factsheet at coinshares.co.uk or Fitch Carrere | email@example.com
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GAJL is registered as a commodity trading advisor, operating pursuant to a CFTC regulation article 4.7, with the Commodities Futures Trading Commission and a member of the National Futures Association. (No. 0405699). GAJL is a registered company (No. 102184) with its trading offce at F3 The Forum, Grenville Street, St Helier, Jersey, JE2 4UF, Channel Islands.
This information is directed only at persons who: a) Are expert investors who fall within the defnition of “Expert Investors published by the Jersey Financial Services Commission b) Are otherwise permitted to read this factsheet in compliance with the governing laws of their respective jurisdiction. It is not directed at or intended for retail clients. Any person considering an investment into any of GAJL’s products must ensure that they are suitably qualified, experienced and knowledgeable on such investments considering jurisdictional rules, regulations and restrictions, tax implications, residence or domicile and their financial circumstances. Past performance is not a guide to what may happen in the future.
Prospective investors should be aware that the value of their investments could fall as well as rise. Any investment carries the risk of potential loss of capital and investors may not get back the value of their original investment. Information may include data and opinions derived from third parties sources, GAJL does not accept liability for the accuracy or completeness of any such information or opinions which can be subject to change without notice. Furthermore, the information provided does not constitute an offer to buy or to sell shares, nor does it constitute investment, legal or tax advice. Details relating to the investment including the risk disclosures can be found in the Offering Document or any other appropriate documents as issued from time to time.
This brief statement cannot disclose all the risks and other significant aspects of the various market traded by GAJL. Pursuant to an exemption from the CFTC in connection with accounts of qualified eligible persons, this information does not require to be, and has not been, filed with the CFTC. The CFTC has not passed upon the merits of participating in any of GAJL's investment programs or the adequacy of the contents of this information. Taking into account the information herein, if you are in any doubt as to whether this investment is suitable for you, you should consult your financial advisor.
CoinShares is the parent company of XBT Provider, the Issuer of COINXBT, COINXBE (bitcoin-tracker ETNs listed on Nasdaq Stockholm) and COINETH, COINETHE (ether-tracker ETNs listed on Nasdaq Stockholm). It is not a licensed financial advisor. The views presented in this document are the opinions of CoinShares and where relevant have been attributed as such. Bitcoin and ether are volatile instruments and prices can move quickly. CoinShares is not responsible for any financial losses incurred directly or indirectly by the recipient.
This publication and the information contained in it must not be distributed and/or redistributed to, used or relied upon by, any person (whether individual or entity) who may be a US person under Regulation S under the US Securities Act of 1933. US persons include any US resident; any corporation, company, partnership or other entity organized under the law of the United States and other categories set out in Regulations.
This document does not constitute an offer to sell or a solicitation or initiate to subscribe or to make an offer to buy ay securities, nor does it provide a basis for any contract or obligation of any kind.
XBT Provider by CoinShares constructs and issues the products. We do not, however, give any financial advice or accept client funds. For questions regarding investing or trading please contact your advisor, brokerage or bank. If you have technical questions regarding our products, please contacts us. For more info on the notes and CoinShares, reach out to ETN@coinshares.co.ukor you can find details on the website here: www.coinshares.co.uk"
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