At launch, the ETP will be listed on the SIX Swiss Exchange with a base fee of 1.25%, which is below the industry’s standard of 2%, the firm noted.

“In the early days of 2021, we have seen a continuation of last year’s demand in digital assets from institutions. We have also seen an increase in investor interest in Ethereum,” said Frank Spiteri, chief revenue officer at CoinShares.

Ethereum tokens
Ethereum tokens. Image: Shutterstock

As Decrypt reported, CoinShares, which has over $4 billion under its management, launched its Bitcoin-based ETP on the SIX Swiss Exchange last month. Institutional custody firm Komainu is acting as a custodian for both the Bitcoin and Ethereum ETPs launched by CoinShares.

At the same time, CoinShares yesterday announced its plans to conduct an initial public offering on the Nasdaq First North Growth Market in Sweden, positioning itself to become the first large crypto asset manager to go public.

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