The world of digital assets continues to evolve, and investors are increasingly seeking accessible, secure, and diversified ways to gain exposure to the cryptocurrency market. One standout solution is the CoinShares Physical Top 10 Crypto Market ETP (CTEN) — a regulated, cost-efficient investment vehicle that offers instant access to the largest cryptocurrencies by market capitalization.
Backed 100% by physical assets and designed for simplicity, CTEN enables investors to diversify across top digital assets without the complexities of direct crypto ownership. With management fees reduced to 0.00% per annum, this ETP stands out as a compelling choice for both retail and institutional investors.
👉 Discover how easy it is to start building diversified crypto exposure today.
What Is the CoinShares Physical Top 10 Crypto Market ETP?
A Best-in-Class Crypto Index ETP
The CoinShares Physical Top 10 Crypto Market ETP (CTEN) provides investors with a streamlined way to access the performance of the ten largest cryptocurrencies by market cap. Unlike speculative trading or managing private keys, CTEN operates within a regulated financial framework — making it suitable for traditional investment portfolios.
Whether you're using a brokerage account or a wealth management platform, CTEN integrates seamlessly, allowing you to manage your crypto exposure alongside stocks, bonds, and other assets.
Fully Physically Backed
Each share of CTEN is backed by actual cryptocurrency holdings, purchased and stored in direct proportion to their weight in the underlying index. This means no synthetic derivatives or unsecured promises — just real digital assets secured through Komainu, a trusted custody solution jointly developed by CoinShares, Nomura, and Ledger.
This institutional-grade security ensures investor protection while maintaining full transparency and auditability.
👉 See how secure crypto-backed ETPs are reshaping digital asset investing.
Transparent and Verifiable Holdings
Transparency is central to trust in digital assets. CoinShares reinforces this principle by having its reserves independently verified by The Network Firm, which uses blockchain analytics to confirm that every ETP share issued corresponds to actual crypto holdings.
You can view real-time proof of reserves at any time, ensuring confidence in the integrity of the product.
How Does the Index Work?
The ETP tracks an index composed of the top 10 cryptocurrencies by market capitalization, rebalanced monthly to reflect current market dynamics. This automatic rebalancing helps maintain diversified exposure and reduces concentration risk.
By investing in a broad basket rather than individual coins, investors benefit from:
- Reduced volatility
- Exposure to emerging leaders
- Lower operational burden
- Alignment with long-term market trends
This approach is ideal for those who believe in the overall growth potential of the crypto ecosystem but want to avoid picking individual winners.
Key Benefits of Investing in CTEN
✅ Diversified Market Exposure
Instead of betting on a single cryptocurrency like Bitcoin or Ethereum, CTEN spreads investment across ten major digital assets. This diversification helps cushion against sharp price swings in any one coin.
✅ Regulated and Secure Structure
Listed on major European exchanges such as Xetra (Germany) and Euronext Paris (France), CTEN adheres to strict regulatory standards. Its structure as a debt security domiciled in Jersey adds an additional layer of legal clarity and investor protection.
✅ Cost-Efficient Access
With zero annual management fees, CTEN removes one of the biggest cost barriers associated with traditional crypto funds. Investors pay only standard brokerage fees, making it one of the most affordable ways to gain broad crypto exposure.
✅ Easy Integration into Existing Portfolios
No need to open new accounts or learn complex wallet management. CTEN trades like any stock or ETF, accessible through most major brokers and investment platforms.
Trading Information
CTEN is available in EUR and listed on regulated exchanges across Europe:
- Germany: Xetra – Ticker: CTEN GY Equity | ISIN: JE00BPRDNL86
- France: Euronext Paris – Ticker: CTEN FP Equity | ISIN: JE00BPRDNL86
First listed in March 2023, with ongoing updates ensuring alignment with evolving market conditions.
Product Details
| Attribute | Value |
|---|---|
| Domicile | Jersey |
| Legal Structure | Debt Security (ETP) |
| Replication Method | Physical |
| Custodian | Komainu |
| Auditor | The Network Firm |
Available documents include:
- Factsheet
- Key Information Document (KID)
- Prospectus
- Final Terms
All materials are regularly updated and publicly accessible for due diligence purposes.
Frequently Asked Questions (FAQ)
Q: What is a crypto index ETP?
A: A crypto index Exchange Traded Product (ETP) tracks a basket of cryptocurrencies, typically based on market capitalization. It offers diversified exposure in a single tradable security, similar to traditional index funds but focused on digital assets.
Q: How does CTEN differ from buying crypto directly?
A: CTEN eliminates the need for self-custody, private key management, and exchange risk. It’s traded on regulated markets, backed by real assets, and fits within standard brokerage accounts — offering convenience and security.
Q: Is CTEN safe from counterparty risk?
A: Yes. Because CTEN is 100% physically backed and held in cold storage via Komainu, there is minimal counterparty risk. Independent audits further ensure asset backing matches outstanding shares.
Q: Can I hold CTEN in my retirement or taxable account?
A: Yes, depending on your jurisdiction and broker offerings. CTEN is structured to be compatible with various investment accounts, including taxable and certain retirement vehicles.
Q: Does CTEN pay dividends or generate yield?
A: No. The ETP reflects price movements of the underlying assets but does not distribute staking rewards or dividends. For yield-bearing strategies, other products may be more appropriate.
Q: How often is the index rebalanced?
A: Monthly. Rebalancing ensures the portfolio remains aligned with current market caps and prevents over-concentration in any single asset.
How to Buy CTEN in 4 Simple Steps
- Copy the Product ID
Use the ISIN (JE00BPRDNL86) or ticker (CTEN) to identify the correct product. - Log In to Your Brokerage Account
Whether you use a traditional bank-linked broker or an online platform, ensure it supports ETP trading. - Search for CTEN
Enter the ticker or ISIN into your broker’s search bar and select the appropriate listing (e.g., CTEN GY on Xetra). - Place Your Order
Specify the number of shares you’d like to purchase, review fees and pricing, then confirm your trade.
👉 Start your journey into diversified crypto investing with ease and confidence.
Why Consider a Crypto Market Index?
Investing in a single cryptocurrency can be rewarding — but also highly volatile. A well-structured index like the one behind CTEN offers balance:
- Spreads risk across multiple high-quality projects
- Automatically adjusts to market shifts
- Reduces emotional decision-making
- Offers exposure to innovation beyond Bitcoin
For investors seeking long-term participation in the digital asset revolution without constant monitoring or technical overhead, index-based ETPs represent a smart, sustainable path forward.
Final Thoughts
The CoinShares Physical Top 10 Crypto Market ETP (CTEN) combines innovation with investor protection, offering a regulated, transparent, and cost-effective gateway into the crypto market. Whether you're new to digital assets or looking to refine your portfolio strategy, CTEN delivers diversified exposure with minimal friction.
As the ecosystem matures, products like CTEN are setting new standards for accessibility and trust — bridging traditional finance with the future of money.
Note: Investing involves risk. Cryptocurrencies are volatile, and you may lose part or all of your investment. Past performance is not indicative of future results. Always conduct independent research and consult a financial advisor before making investment decisions.