CoinShares launches UCITS platform, debuts Bitcoin mining ETF

CoinShares launched an authorised UCITS platform in Ireland and listed the CoinShares Bitcoin Mining UCITS ETF, which began trading on Deutsche Börse Xetra. The UCITS vehicle is authorised by the Central Bank of Ireland.

The platform sits alongside CoinShares’ existing exchange-traded product business and its broader asset-management activities. CoinShares wrote the platform is intended to enable repeated creation and launch of regulated funds.

The UCITS framework gives CoinShares access to Europe’s UCITS fund ecosystem, which held €26.3 trillion in net assets as of April 2026. CoinShares wrote the UCITS structure will allow the firm to offer products in a fund wrapper widely accepted by large institutional investors across the region.

Target investors identified by CoinShares include pension funds, insurance companies and private banks whose mandates commonly permit only UCITS-compliant funds and ETFs. The firm said some existing institutional relationships were previously unable to invest because their mandates excluded debt securities, even when those securities were physically backed; the UCITS wrapper removes that constraint.

Operationally, CoinShares described the platform as an “industrialised” launch process. The upfront regulatory and capital investment is complete, creating an authorised fund vehicle within the group that can be used to set up future funds with shorter authorisation timelines and lower marginal costs.

CoinShares stated the platform’s largely fixed cost base is designed to produce operating leverage as assets under management grow, so a rising share of incremental revenues should convert to operating profit over time.

The CoinShares Bitcoin Mining UCITS ETF is the first strategy to launch from the platform on Deutsche Börse Xetra. The firm expects to add further digital asset and thematic strategies over time to generate recurring management fee income across multiple regulated product types and to reduce dependence on any single product category.

Jean-Marie Mognetti, co-founder, president and chief executive officer of CoinShares, commented: “For more than a decade we have built one of Europe’s leading crypto ETP businesses. Today’s announcement is significant because we are extending that capability, creating and launching products efficiently, into the UCITS fund market.”