The CoinShares Physical Bitcoin ETP offers investors a straightforward, secure, and cost-effective way to gain exposure to Bitcoin, the world’s leading cryptocurrency. Backed 100% by physically held Bitcoin and listed on major European exchanges, this exchange-traded product (ETP) combines the innovation of digital assets with the familiarity of traditional investing.
Designed for both individual and institutional investors, the ETP eliminates the complexities of directly managing crypto wallets while ensuring full transparency and robust custody. Whether you're diversifying your portfolio or seeking long-term growth potential, this financial instrument bridges the gap between conventional markets and the digital asset economy.
👉 Discover how to seamlessly integrate Bitcoin into your investment strategy today.
What Is the CoinShares Physical Bitcoin ETP?
A Leading Crypto Investment Product
The CoinShares Physical Bitcoin ETP is a regulated, exchange-listed security that provides direct exposure to Bitcoin’s price movements. Unlike synthetic or futures-based products, it is 100% physically backed, meaning every share issued corresponds to actual Bitcoin held in secure institutional custody.
This structure ensures that investors benefit from Bitcoin’s performance without needing to manage private keys, worry about exchange hacks, or navigate complex blockchain transactions.
Key Benefits
- Full Physical Backing: Each unit is secured by real Bitcoin stored with Komainu, a regulated digital asset custodian.
- Exchange-Traded Convenience: Buy and sell shares through your existing brokerage account—no crypto wallet required.
- Transparency You Can Verify: Daily proof-of-reserves data is publicly available via LedgerLens, allowing investors to confirm asset backing in real time.
- Low-Cost Access: Competitive fee structure compared to direct crypto purchases or unregulated platforms.
With listings across top European markets—including Germany, France, Switzerland, the Netherlands, and the UK—the ETP offers broad accessibility in multiple currencies (EUR, USD, CHF, GBP).
How It Works: Structure & Security
Fully Backed, Fully Transparent
Each share of the CoinShares Physical Bitcoin ETP represents ownership of a specific amount of Bitcoin, known as the Coin Entitlement. This value is updated daily and reflects the exact quantity of BTC backing each ETP share.
All underlying Bitcoin is held in cold storage by Komainu, a joint venture between Nomura, Ledger, and SBI Group, ensuring enterprise-grade security and regulatory compliance.
🔍 Real-Time Verification: Investors can independently verify reserve holdings using the public LedgerLens tool, reinforcing trust and eliminating counterparty risk concerns.
Where to Trade the CoinShares Bitcoin ETP
The ETP is listed on major European exchanges under consistent identifiers:
| Exchange | Currency | Ticker | ISIN | Launch Date |
|---|---|---|---|---|
| Xetra (Germany) | EUR | BITC GY Equity | GB00BLD4ZL17 | 2021-06-07 |
| Euronext Amsterdam | EUR | BITC NA Equity | GB00BLD4ZL17 | 2021-09-07 |
| Euronext Paris | EUR | BITC FP Equity | GB00BLD4ZL17 | 2021-09-07 |
| SIX Swiss Exchange | USD | BITC SE Equity | GB00BLD4ZL17 | 2021-01-19 |
| SIX Swiss Exchange | CHF | BITCCHF SE Equity | GB00BLD4ZL17 | 2021-01-19 |
| SIX Swiss Exchange | EUR | BITCEUR SE Equity | GB00BLD4ZL17 | 2021-01-19 |
| SIX Swiss Exchange | GBP | BITCGBP SE Equity | GB00BLD4ZL17 | 2021-01-19 |
| London Stock Exchange (LSE) | USD | BITC LN Equity | GB00BLD4ZL17 | 2024-01-14 |
| London Stock Exchange (LSE) | GBP | BITP LN Equity | GB00BLD4ZL17 | 2024-01-14 |
👉 Learn how to start trading Bitcoin through regulated financial channels.
Why Consider Bitcoin Exposure?
Portfolio Diversification & Digital Innovation
Bitcoin has emerged as a unique asset class—decentralized, censorship-resistant, and digitally scarce. Its low correlation with traditional assets like stocks and bonds makes it an effective tool for portfolio diversification.
Even a small allocation—such as 1% to 5%—can enhance risk-adjusted returns over time. Studies suggest that Bitcoin behaves differently during market stress, potentially acting as a hedge against inflation and monetary devaluation in a digital-first economy.
However, investors should be aware:
- Bitcoin is highly volatile—prices can swing significantly in short periods.
- Past performance does not guarantee future results.
- This product may not be suitable for all investors, especially those with low risk tolerance.
Always review the latest Key Information Document (KID) and prospectus before investing.
Understanding "Physical" Bitcoin ETPs
What Does "Physical" Mean in Crypto?
Despite the term “physical,” Bitcoin itself is intangible—it exists as code on a decentralized blockchain. The phrase “physical Bitcoin ETP” refers to a product that holds actual Bitcoin on-chain, rather than using derivatives or unsecured promises.
In contrast to paper-based certificates or futures contracts, a physically backed ETP ensures that real BTC is purchased and securely stored for every share issued.
Can You Redeem Real Bitcoin?
Yes. The CoinShares Physical Bitcoin ETP includes a physical redemption mechanism. Eligible institutional investors can redeem large blocks of shares in exchange for actual Bitcoin. This feature supports price stability and aligns the ETP’s market value closely with the underlying asset.
Retail investors typically hold shares for exposure but benefit from the same robust backing and transparency.
Product Details & Legal Framework
Regulatory & Structural Overview
- Domicile: Jersey
- Legal Form: Debt Security (Exchange-Traded Product)
- Replication Method: Physical (full replication)
- Custodian: Komainu
- Auditor/Verifier: The Network Firm (independent proof-of-reserves audits)
All documentation—including the prospectus, KID, final terms, and fact sheets—is available for public review through official channels.
How to Invest: Simple 4-Step Process
Start Building Crypto Exposure Today
You don’t need a crypto wallet or exchange account to invest. Use your current brokerage platform:
- Copy the Product ID
Note the ISIN (GB00BLD4ZL17) or ticker symbol based on your preferred currency and exchange. - Log Into Your Broker Account
Access your investment platform—no new accounts needed. - Search by ISIN or Ticker
Enter the identifier to locate the CoinShares Physical Bitcoin ETP. - Place Your Order
Specify the number of shares, confirm pricing, and execute the trade—just like buying any stock or ETF.
Your investment is now securely linked to real Bitcoin holdings.
Frequently Asked Questions (FAQ)
Q: Is the CoinShares Bitcoin ETP safe?
A: Yes. It is fully backed by real Bitcoin held in cold storage with Komainu, a regulated custodian. Regular third-party audits ensure transparency and security.
Q: Can retail investors buy this ETP?
A: Absolutely. The product is available to both individual and institutional investors through major brokers across Europe.
Q: Does “physical” mean I get a tangible coin?
A: No. “Physical” refers to real Bitcoin held in digital custody—not physical coins or tokens. The term indicates direct asset backing, not literal tangibility.
Q: How often is reserve data updated?
A: Proof-of-reserves data is published daily via LedgerLens, allowing investors to verify holdings in real time.
Q: Can I withdraw actual Bitcoin from my ETP shares?
A: Retail investors hold shares for exposure only. However, authorized participants can redeem large units for physical Bitcoin through the creation/redemption process.
Q: What fees are associated with this ETP?
A: The expense ratio is competitive and fully disclosed in the KID and prospectus. There are no hidden costs—fees are deducted from returns.
Final Thoughts: A Modern Gateway to Bitcoin
The CoinShares Physical Bitcoin ETP delivers a regulated, transparent, and accessible path to one of the most innovative assets of the 21st century. By combining institutional-grade custody with exchange-traded simplicity, it removes barriers that have historically deterred mainstream investors from entering the crypto space.
Whether you're looking to diversify, hedge against macro risks, or participate in digital asset growth, this ETP offers a trusted solution within familiar financial frameworks.
👉 Explore regulated ways to access digital assets and grow your portfolio.