On the German exchange, CoinShares lists physically-backed crypto ETPs.

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CoinShares physical Bitcoin, Ether, and Litecoin ETPs are now available on Deutsche Boerse Xetra.

CoinShares, a European digital asset management, is increasing the scope of its physically-backed exchange-traded product (ETP) portfolio by listing in Germany.

According to an announcement on Monday, CoinShares Physical Bitcoin (BTC), Ether (ETH), and Litecoin (LTC) ETPs have cross-listed on major German exchange Deutsche Boerse Xetra.

In January, the digital asset management launched a Bitcoin ETP called CoinShares Physical Bitcoin (BITC). Each ETP is physically backed by 0.001 Bitcoin and is listed on Switzerland’s SIX Swiss Exchange.

Since then, Ether and Litecoin ETPs have been added to the CoinShares Physical platform. At debut, CoinShares Physical Ethereum (ETHE) was backed by 0.03 ETH, while CoinShares Physical Litecoin (LITE) was backed by 0.2 LTC.

According to CoinShares’ chief revenue officer Frank Spiteri, the CoinShares Physical platform now manages over $380 million in assets and operates in eleven countries.

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According to the release, the listing of CoinShares Physical Bitcoin, Ethereum, and Litecoin ETPs on Boerse Xetra follows regulatory authorisation to distribute the ETPs across the European Union.

CoinShares Physical ETPs were permitted to enter Germany, Italy, Austria, Belgium, Luxembourg, the Netherlands, Spain, France, Denmark, Finland, and Norway thanks to CoinShares passporting to Germany.

“Focusing on market demand, we launched our institutional platform CoinShares Physical earlier this year, first in Switzerland and now in Europe,” said CoinShares CEO Jean-Marie Mognetti. According to him, the Boerse Xetra listing provides European institutional investors with an entrance point into digital assets with the legitimacy of CoinShares.

Deutsche Boerse Xetra is no stranger to cryptocurrency ETPs. Last year, the London-based ETC Group announced the listing of its Bitcoin Market Traded Crypto (BTCE) on the exchange. It was also one of two European exchanges, along with SIX, to offer New York-based asset management WisdomTree’s physically-backed Ether ETP.

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