European digital asset manager with physically backed ETPs and over $7B in AUM
CoinShares is a Jersey-headquartered digital asset manager offering exchange-traded products, active strategies, indices, and capital markets trading services. Publicly listed on Nasdaq under the ticker CSHR, the firm managed $7.4 billion in gross assets at the end of December 2025.
Founded in 2013, CoinShares operates through CoinShares PLC, based in Saint Helier, Jersey, with offices across France, Sweden, Switzerland, the United Kingdom, and the United States. Co-founder and Chief Executive Officer Jean-Marie Mognetti leads the executive team and holds a master's degree in Mathematical Trading and Finance from Sir John Cass Business School. Paul Grinberg serves as Chairman of the Board. In April 2026, the company completed a business combination with Vine Hill Capital Investment Corp. to list on the Nasdaq Stock Market, following an earlier uplisting to Nasdaq Stockholm in 2022.
Investors access CoinShares products directly through standard brokerage accounts. Its European lineup includes physically backed exchange-traded products such as the CoinShares Physical Bitcoin ETP (ticker BITC) alongside staking ETPs covering Ethereum, Solana, and Sei. In 2018, the company partnered with Nomura and Ledger to establish institutional custodian Komainu. CoinShares also builds quantitative strategies, licensing benchmark indices that track digital assets alongside equities and precious metals like gold. In October 2026, the firm partnered with Safe and Kiln's Railnet to deploy asset-managed stablecoin yield strategies to enterprise multisig accounts.
Expense ratios vary by product structure and jurisdiction. The CoinShares Physical Bitcoin ETP carries an annual management fee of 0.25%, while the CoinShares Ethereum Staking ETP charges 0% in management fees. In the United States, following the 2024 acquisition of Valkyrie, CoinShares introduced the CoinShares Altcoins ETF (ticker DIME), which holds a gross expense ratio of 0.95% alongside temporary fee waivers on assets up to $1 billion.
CoinShares operates under European frameworks, holding MiFID, AIFM, and French AMF-approved MiCA regulatory authorizations. Exchange-traded products trade across European bourses and US exchanges, requiring standard broker onboarding. Investors remain exposed to high underlying cryptocurrency volatility and market market-maker spreads. In 2022, CoinShares experienced financial losses tied directly to the collapse of the Terra ecosystem in May and the bankruptcy of crypto exchange FTX in November. ETNs and debt-structured ETPs also carry counterparty risk linked to the issuing vehicles.
CoinShares offers deep European and US crypto exchange-traded product liquidity backed by public listing transparency, but management fees vary widely and altcoin exposures carry active market risks.
Founded in 2013 and headquartered in Saint Helier, Jersey, CoinShares is a publicly traded digital asset manager listed on Nasdaq under ticker CSHR following its business combination with Vine Hill Capital Investment Corp. in April 2026. The firm oversaw $7.4 billion in gross assets under management as of December 31, 2025, operating across Europe and the United States with MiFID, AIFM, and MiCA regulatory authorizations.
Its core strength lies in exchange-traded access across European bourses and US markets. Investors can buy physically backed notes or ETFs via traditional brokerage accounts without managing custody. Product expenses range significantly: the CoinShares Physical Bitcoin ETP carries a 0.25% management fee, the Ethereum Staking ETP lists a 0% management fee, while the US-listed CoinShares Altcoins ETF (ticker DIME) carries a 0.95% gross expense ratio, subject to an initial fee waiver on assets up to $1 billion through September 2026.
The company maintains institutional-grade custody foundations, including co-founding custodian Komainu in 2018 alongside Nomura and Ledger. However, operational track record includes market stress: CoinShares absorbed material financial losses during the 2022 collapses of the Terra/Luna ecosystem and exchange FTX. Investors also face standard exchange-traded note trade-offs, including tracking spreads and underlying crypto volatility.
CoinShares fits investors seeking audited, broker-accessible crypto exposure without the operational overhead of holding private keys. Investors looking for zero-fee direct spot holdings or non-custodial decentralized finance yield should consider direct self-custody wallets instead.
| Products | Spot ETFs, ETPs / ETNs, Index funds, Staking products · unverified |
|---|---|
| Clients | Retail, Institutions, Financial advisors · unverified |
| Assets under management | $7.4 billion (December 2025) · unverified |
| Flagship products | CoinShares Physical Bitcoin ETP (BITC), CoinShares Ethereum Staking ETP, CoinShares Solana Staking ETP, CoinShares Altcoins ETF (DIME) · unverified |
| Assets covered | Bitcoin, Ethereum, Solana, Sei · unverified |
| Fees | 0.25% on Physical Bitcoin ETP, 0% management fee on Ethereum Staking ETP, 0.95% gross expense ratio on Altcoins ETF · unverified |
| Regulators | AMF (France), SEC (United States) · unverified |
| Custodians | Komainu · unverified |
Not disclosed by the provider: Minimum investment.
Data from the provider's website and public sources. Fees and availability change; confirm on the official site before you sign up.
Exchange-traded products like the CoinShares Physical Bitcoin ETP hold underlying spot assets via institutional custody architectures.
Dedicated European products for assets like Ethereum, Solana, and Sei pass through staking rewards, with Ethereum offered at a 0% management fee.
The US-listed CoinShares Altcoins ETF (ticker DIME) delivers diversified exposure across ten major altcoins outside Bitcoin and Ethereum.
Quantitative trading desks deploy algorithmic and quantitative trading mandates aimed at institutional liquidity and treasury management.
CoinShares develops multi-asset indices tracking combinations of digital currencies, equities, and gold for traditional portfolio integration.
Integrations with Safe allow enterprise entities to access CoinShares stablecoin yield strategies directly from on-chain multisig wallets.
Exchange-traded products listed on regulated European bourses that provide physically backed and staked crypto exposure through conventional brokerages.
Systematic and quantitative trading strategies run by CoinShares specialists to navigate market cycles for institutional accounts.
Benchmark calculation and index solutions that track blended strategies across digital assets, equities, and gold.
Internal trading technology and market-making infrastructure that handles liquidity support, execution, and treasury operations across the group.
There are no user reviews or concrete feedback discussing direct experiences with CoinShares products or services. Mentions are limited to third parties referencing its research reports, fund flow data, and exchange-traded products.
Based on 20 Reddit posts and comments from the last 12 months, checked Oct 23, 2026. These are posts by users on other sites, not reviews submitted on CryptoReview.
No user reviews yet. Have you used CoinShares? Share your experience below.
CoinShares was created in 2013 and is led by co-founder and Chief Executive Officer Jean-Marie Mognetti. Paul Grinberg serves as Chairman of the Board of CoinShares PLC.
Management fees depend on the product structure. The CoinShares Physical Bitcoin ETP charges a 0.25% fee, the Ethereum Staking ETP charges 0%, and the US CoinShares Altcoins ETF lists a 0.95% gross expense ratio.
CoinShares products trade on public exchanges in Europe and the United States. Investors access them through standard brokerage and wealth management accounts.
CoinShares suffered financial losses during the collapse of the Terra/Luna ecosystem in May 2022 and the bankruptcy of FTX in November 2022. It did not suffer protocol-level custodian hacks to its physical ETP reserves.
The lineup covers major crypto assets including Bitcoin, Ethereum, Solana, and Sei, alongside a basket of 10 digital assets via the CoinShares Altcoins ETF.
No, CoinShares does not issue a native cryptocurrency token. It is a publicly traded corporate asset manager listed on Nasdaq under the ticker symbol CSHR.
Recent public posts from @CoinSharesCo, shown as published. Not reviewed or endorsed by CryptoReview.
Global asset manager with $15.3T in assets under management as of June 2026
Institutional digital asset manager and Nasdaq-listed firm founded in 2018
Crypto ETP issuer managing over $11B across physically backed single-asset and index products
Crypto asset manager running over 70 products with $9B in client assets
Crypto asset manager founded in 2013 and backed by Digital Currency Group
Independent asset manager with $2.54T AUM and the BTCO spot bitcoin ETF
Type at least two characters. Press ↵ to see all results.
