Overview
The CoinShares Physical Top 10 Crypto Market ETP (Ticker: CTEN) is a physically-backed Exchange-Traded Product (ETP) designed to provide investors with diversified exposure to the top 10 cryptocurrencies by market capitalization. Each CTEN security is 100% collateralized by the underlying assets, stored securely with regulated custodian Komainu.
Key Features
- Underlying Index: CoinShares-Compass Top 10 Crypto Market Index
- Management Fee: 0.0% p.a. (waived until further notice)
- UCITS Eligibility: Varies by jurisdiction
- Base Currency: USD
- Staking: Enabled for yield generation
Investment Objective
CTEN tracks the Compass Top 10 Crypto Market Index, which includes:
- Bitcoin (BTC) – 35% max weighting
- Ethereum (ETH) – 35% max weighting
- Solana (SOL) – 8.61%
- XRP – 6.74%
- Cardano (ADA) – 4.20%
Performance Metrics
| Index | 1M Return | YTD Return | Since Inception |
|-------------|-----------|------------|------------------|
| COINTEN | 8.12% | 20.78% | 85.64% |
| S&P 500 | 2.02% | 20.81% | 44.88% |
Note: Past performance ≠ future results.
Why Invest in CTEN?
- Diversification: Max 35% weight per asset.
- Cost Efficiency: 0.0% management fee.
- Regulated Access: Traded on Börse Xetra (Bloomberg:
CTEN GY).
Risks
- Capital Loss: Cryptocurrencies are volatile.
- Liquidity Risk: Staked coins may face transfer restrictions.
- Validator Penalties: Slashing risks for network errors.
FAQs
1. Is CTEN UCITS-compliant?
No, but UCITS eligibility varies by jurisdiction. Contact CoinShares for details.
2. How often is the index rebalanced?
Quarterly to adjust for market-cap changes.
3. Where can I trade CTEN?
Primary listing: Börse Xetra (EUR-denominated).
Disclosures
This document is for informational purposes only. Capital is at risk. Consult a financial advisor before investing.
📌 For inquiries: [email protected]
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