CoinShares launches Toncoin ETP as TON market cap dips below $6B

European crypto asset manager CoinShares rolled out exposure to Telegram-linked TON via an ETP, despite the token plummeting almost 60% year-to-date.

CoinShares, a major crypto asset management company headquartered in Europe, has launched a new investment product offering exposure to Telegram-linked Toncoin.

CoinShares International announced a merger with blank-check company Vine Hill Capital Investment Corp. to launch an exchange-traded product (ETP) on Toncoin (TON).

The new product, CoinShares Physical Staked Toncoin, started trading on Switzerland’s primary stock exchange SIX under the ticker CTON on Tuesday.

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