The CoinShares Group has announced two new flagship crypto investment funds — the CoinShares ‘Active’ Fund (a multi-coin, alpha-generating, active strategy); and the CoinShares ‘Large Cap’ Fund (a passive, large-cap, basket fund).
As the group behind the first Bitcoin (available on Coinbase) and ETHer exchange traded notes (Issued by XBT Provider AB) and the world’s first regulated Bitcoin (available on Coinbase) strategy (GABI), CoinShares is fast becoming a leading light in crypto-finance — with over $1 billion in crypto-assets across a suite of exchange traded and private investment products. Its product line-up comprises offerings which all represent ‘first of their kind’ products: For example, Bitcoin (available on Coinbase) Tracker One and ETHer Tracker One were the first exchange traded Bitcoin (available on Coinbase) and ETHer products, globally; and CoinShares Fund 1 was the first fund denominated in cryptocurrency (ETH).
“As a group, we have developed a deep expertise in bringing new, fit-for-purpose crypto-investment products to market,” says CoinShares Group Chairman Daniel Masters. “Products which offer traditional investors proper, familiar channels to access the crypto-asset ecosystem. We are particularly excited for these two new funds as they represent the latest evolution of our expertise and are built on key learnings from the last three years of managing crypto-asset investments.
— CoinShares UK CEO Ryan Radloff
In addition to announcing the new funds, CoinShares has also announced the opening of a London-based office as it seeks to establish itself in jurisdictions where crypto regulation is evolving and to work with regulators in this area.
CoinShares UK CEO Ryan Radloff says as a leader in crypto-finance the company has a responsibility to lead by example. “There is still a lot of work to be done on regulation in crypto-finance and we look forward to working with regulators throughout the process,” he says, adding that the crypto-finance community should “seek more regulation, not run away from it.”