Woofun AI reports that CoinShares has introduced its first European Bitcoin mining ETF, the MINE, listed on Deutsche Börse Xetra as an Irish-domiciled vehicle.

The fund operates under the UCITS framework, specifically Undertakings for Collective Investment in Transferable Securities, which provides a harmonized regulatory regime within the EU. It tracks the CoinShares Bitcoin Mining Index, a rules-based basket of listed Bitcoin miners administered by Solactive AG.

Structurally, the product is physically replicated and undergoes quarterly rebalances, with a total expense ratio set at 0.65%.

Woofun AI data shows initial trading activity on Tuesday recorded 60 units exchanged for 1,184 euros, with shares priced at 19.50 euros ($21.74). In contrast, the comparable US-traded CoinShares Bitcoin Mining ETF (WGMI) holds net assets of $343.6 million.

This launch enables European asset managers to distribute the product across multiple jurisdictions. It marks a significant expansion of regulated mining exposure in Europe.