{"id":25355,"date":"2022-04-28T06:22:31","date_gmt":"2022-04-28T10:22:31","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=25355"},"modified":"2022-04-28T06:22:39","modified_gmt":"2022-04-28T10:22:39","slug":"coinshares-launches-etp-to-track-ftx-token","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/coinshares-launches-etp-to-track-ftx-token\/","title":{"rendered":"CoinShares launches ETP to track FTX Token"},"content":{"rendered":"\n
CoinShares<\/a>, a digital asset manager, has announced the launch of a new exchange-traded product (ETP) that will track the FTX token and will debut on Germany's exchange Xetra, with a seed capital of approximately $40 million.<\/h5>\n\n\n\n
\"CoinShares
CoinShares launches ETP to track FTX Token<\/figcaption><\/figure><\/div>\n\n\n\n

The ETP is the second to be launched as a result of a collaboration between CoinShares and FTX. Earlier this year, the two announced the creation of a physically-backed Solana ETP\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, which let investors participate in SOL staking rewards.<\/p>\n\n\n\n

FTT prices rose 1.7 percent shortly following the announcement, indicating that the move was well-received. However, the new ETP may signal that FTT may gain even more ground.<\/p>\n\n\n\n

A wide range of investors can now invest in FTT thanks to the new ETP. Without purchasing tokens, equity-focused investors can now obtain exposure to cryptocurrency. This could entice a wave of institutional traders <\/a>wanting to get in on the action.<\/p>\n\n\n\n

The FTX crypto exchange's native token, FTT, is used to facilitate transactions on the exchange. Its price changes also give us some insight into FTX's trading volumes. As a result, investors interested in FTX can purchase the token, as the exchange does not have publicly traded shares.<\/p>\n\n\n\n

This is Coinshares' fifth crypto-related product launch this year. The move coincides with an increase in institutional interest in tokens other than Bitcoin and Ethereum.<\/p>\n\n\n\n

However, because the US has yet to authorize a spot crypto product<\/a>, ETPs that directly follow crypto prices are restricted to non-American countries. ETPs that directly follow crypto prices are restricted to non-American countries.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

CoinShares, a digital asset manager, has announced the launch of a new exchange-traded product (ETP) that will track the FTX token and will debut on Germany’s exchange Xetra, with a seed capital of approximately $40 million. The ETP is the second to be launched as a result of a collaboration between CoinShares and FTX. Earlier […]<\/p>\n","protected":false},"author":12,"featured_media":25357,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21,32],"tags":[9451,2307,778],"class_list":["post-25355","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-crypto-exchange-news","tag-coinshares-2","tag-etps","tag-ftx"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/04\/image-184.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/25355","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=25355"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/25355\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/25357"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=25355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=25355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=25355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}