22 February 2021 – Zürich – The Swiss pioneering fintech ETP issuer, 21Shares AG has formally handed the $1 billion mark in property underneath administration throughout its diversified 12 crypto asset ETPs. In simply over 2 years, 21Shares AG has witnessed a 200-fold enhance in its property and joined the choose elite ETF/ETP issuer listing with over $1 billion in property.
The success of the Swiss startup can largely be attributed to 2 phenomena:
- A fast appreciation and acceptance from institutional buyers within the crypto asset business. Since its lows of USD$ 5,000 in March 2020, Bitcoin has grown to over $55,000 in February 2021. Moreover, the utilization of the Ethereum community has elevated from $950 million to over $43 billion in the identical time interval. The exorbitant progress in asset costs has sparked demand globally from institutional buyers on this area of interest asset class.
- It’s confirmed observe document itemizing physically-backed ETPs provides retail and institutional buyers secure, handy and quick access to cryptocurrencies by way of a well-known construction. Establishments in Europe and elsewhere favor the institutional-grade construction of the Swiss ETP over certificates so as to achieve publicity in essentially the most environment friendly and most secure option to Bitcoin and different cryptocurrencies. The Swiss ETP construction – first utilised by 21Shares AG by way of the HODL crypto basket ETP – shares many traits of conventional ETF constructions similar to an authorized EU prospectus, itemizing on regulated European exchanges, open ended utilizing creations/redemptions to forestall premiums and reductions, full segregation and collateralisation of the underlying property and utilising many ETF market makers for intraday liquidity. Because the Swiss ETP construction shouldn’t be constrained by the UCITs diversification necessities, it’s ideally suited to present buyers secure entry to extra nascent and desired asset courses.
“We’re extraordinarily excited to have reached a crucial milestone in such a brief time period. The expansion in 21Shares ETP’s enterprise is essentially because of the unbelievable efforts of our group and the loyalty and belief of our buyers.” stated Ophelia Snyder, co-Founder and President of 21Shares.
Since its inception, 21Shares has launched a complete of 12 completely different crypto asset trackers on all regulated exchanges within the D-A-CH area. The corporate is the one issuer that presently has an Ethereum ETP (AETH) on 2 regulated inventory exchanges and three regulated trade segments providing the bitcoin ETP. No different crypto issuer has such a complete providing on regulated markets. It owns over 90% of the market share of crypto basket ETPs and its newest product, the polkadot ETP has gathered over $25million in 15 days, demonstrating the immense reputation of the 21Shares suite of crypto ETPs. It was additionally the primary issuer to listing the XRP ETP (AXRP) which underneath its present regulatory scrutiny continues to be listed and traded underneath regular market circumstances. It gained on the spot recognition for itemizing the World first quick bitcoin ETP (SBTC) which can be centrally cleared for added compliance help on the Frankfurt Inventory trade. It’s the solely issuer to have 9 crypto ETPs admitted to buying and selling on the Stuttgart trade.
“With such institutional demand wanting to realize publicity to crypto by way of an ISIN, it took us lower than two weeks from saying $500 million in AuM to now exceeding $1 billion. It’s quickly turning into considered for a lot of wealth managers, personal banks, household places of work and people to allocate to crypto property. We count on to achieve even higher heights in 2021 throughout each our AuM at 21Shares in addition to throughout the crypto ecosystem.” commented Hany Rashwan, CEO of 21Shares.
21Shares makes investing in crypto property as straightforward as shopping for shares utilizing your typical dealer or financial institution. Traders can spend money on cryptocurrencies utilizing a traditional ETP construction (or tracker) simply, with whole confidence and safety and cost-effectively due to the 21Shares suite of ETPs now composed of 12 Crypto ETPs : the 21Shares Crypto Basket Index ETP (HODL:SW), 21Shares Bitcoin (ABTC:SW | 21XB:GY), 21Shares Ethereum (AETH:SW), 21Shares XRP (AXRP:SW | 21XX:GR), 21Shares Bitcoin Money ETP (ABCH:SW), 21Shares Binance ETP (ABNB:SW), 21Shares Tezos ETP (AXTZ:SW), 21shares Bitcoin Suisse ETP (ABBA:SW), 21Shares Bitwise 10 ETP (KEYS:SW), Sygnum Platform Winners Index ETP (MOON:SW), 21Shares Brief Bitcoin ETP (SBTC:SW | 21XS:GY) and 21Shares Polkadot ETP (ADOT:SW | PDOT:GR). Your complete suite is listed on a regulated framework on the official market of Deutsche Boerse, SIX Swiss Change, BX Swiss, the Wiener Boerse and MTF on Börse Stuttgart in CHF, USD, GBP and EUR respectively. Based in 2018, 21Shares is led by a group of gifted serial entrepreneurs and skilled banking professionals from the expertise and monetary world. Integrated in Zug, with places of work in Zurich and New York, the corporate has launched a number of world firsts, together with the primary listed crypto basket index (HODL) ETP in November 2018. 21Shares has 12 crypto ETPs listed in the present day and has over $1.008 billion in AuM in whole listed merchandise.
Laurent Kssis +41 44 260 8660 press@21Shares.com
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