CoinShares Physical Bitcoin ETP

Launched in January 2021, the CoinShares Physical Bitcoin ETP (ticker: BITC.SW) is a Jersey-based exchange-traded product designed to provide investors with secure and straightforward exposure to bitcoin. Each unit of BITC is fully backed by physically held bitcoin, ensuring transparency and trust for institutional and retail investors alike. The ETP is listed on multiple European exchanges, including the SIX Swiss Exchange, Xetra, and Euronext, making it accessible to a broad audience.

Since its inception, BITC has experienced significant growth, reflecting the increasing demand for regulated bitcoin investment vehicles. By December 2024, it had become Europe's largest physically backed bitcoin ETP by assets under management (AUM), surpassing competitors like 21Shares and ETC Group. This achievement coincided with bitcoin reaching a historic price milestone of $100,000, underscoring the ETP's appeal during pivotal moments in the digital asset market. (investor.coinshares.com)

CoinShares' strategic focus on optimal product structuring, competitive management fees, and an expansive distribution strategy has been instrumental in BITC's success. The ETP's holdings have shown a consistent upward trajectory, with notable increases in bitcoin reserves over time.