On April 6, the asset management company CoinShares launched a Litecoin trading product ETP on the Swiss SIX exchange.
According to the announcement on Tuesday, the listing code of this ETP is LITE, the ETP of each unit will be supported by 0.20 LTC, and the ETP management fee of this product is 1.5% per year.
This is the third such product launched by CoinShares in 2021. Earlier, CoinShares announced the launch of ETP supporting BTC and ETH in January and February respectively.
Note: CoinShares, a Bitcoin investment fund approved by the British Channel Islands, is supported by a team with extensive experience in trading, hedging, commodities, foreign exchange, market making, and active and passive investment in frontier markets.
The specific business focus is to provide the market with the most suitable crypto investment tools. The goal is to continue to maintain the industry's first performance and help traditional capital enter the emerging crypto asset market