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CoinShares, a St. Helier, Jersey-based digital-asset investment house with over $4 billion under management, is launching a physically backed, exchange-traded Ethereum product. CoinShares Physical Ethereum is the second ETP to be released on the firm’s institutional-grade ETP platform following the launch of its CoinShares Physical Bitcoin (Ticker: BITC) product in January. It will be listed under the ticker ETHE on the SIX Swiss Exchange and has a base fee of 1.25%. Komainu will serve as custodian.
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