Zurich - 2 February 2021 - 21Shares AG, the pioneering issuer of crypto Exchange Traded Products (ETPs) is launching the world’s first Polkadot ETP (ADOT SW - CH0593331561 - PDOT) "DOT ETP" on the regulated segment of the Swiss stock exchange (SIX Exchange) on Thursday February 4th, 2021. Last Friday, Polkadot was admitted by the Index Provider to the 21Shares HODL basket ETP as second-largest constituent after Bitcoin (BCH being removed) and as such, makes it is the perfect timing to add an additional single asset ETP to the already wide range of crypto ETPs 21Shares offers.
“We remain committed to the unprecedented demand we are seeing from institutional investors wanting exposure to crypto-assets and 21Shares remains ahead of the curve for delivering innovative yet simple financial products on the market. Our expertise and experience reflect the clear advantage we have over other market participants” Hany Rashwan, CEO 21Shares AG, says. “After investors purchase their first Bitcoins through our ETPs, there is a natural transition to invest in other crypto assets. We have consistently delivered a range of products over the last two years demonstrating our stronghold in the D-A-CH region. European investors are approaching us to launch new products based on other key crypto assets to enable them easy access without the need for a private key or unregulated wallets and exchanges. We benefit from trusted partners for the liquidity provision and upon continued institutional demand, we are launching the DOT ETP to give investors a safe, regulated, and easy way to obtain exposure to this exciting new blockchain technology. In the next 3 months, we aim to add 2 to 3 more innovative ETPs as well as new European exchange listings. No other issuer in this industry enjoys such a wide range of crypto ETPs and on so many European exchanges’ regulated segments.”
Polkadot serves as a blockchain of blockchains, allowing otherwise independent blockchains to communicate with each other, share security features, and transfer assets freely amongst themselves. The DOT token is the native token of the Polkadot network. It serves a couple of vital roles in the system: It is designed to participate in governance decisions, including tabling proposals and voting. In addition, it is used as an electronic payment system. With its market capitalization currently standing at over $16.8 billion, the DOT token now surpasses that of XRP by over $4 billion and has attained the status of the third-largest cryptocurrency. Though the popularity of the DOT token has increased substantially over the past months, it is still not easy for non-technical users to buy and hold and interact with it. The DOT ETP lowers the barriers to entry for newcomers to the crypto asset industry and allows a much wider audience to be able to participate in its development.
The launch comes in light of the recent surge in interest for this asset class. 21Shares AG has seen a 5-fold increase in demand across its suite of crypto ETPs since Q3 2020. This is based on the amount of new inflows into the ETPs. That demand came mainly from institutional investors who have preferred an institutional-grade ETP versus other structures currently available on the market.
The DOT ETP will allow clients to invest, diversify through its various ETPs, and gain exposure to the multi-chain application environment that enables cross-chain interoperability on a level previously not possible via their traditional broker or bank. The ETP structure means that the product benefits from 100% physical collateralization. Each share is fully collateralized by the corresponding amount of physical DOT tokens. In addition, on exchange liquidity provision is assured by our existing ETP market markets who have supported us since inception back in November 2018. This allows even more conservative institutions to safely hold this asset class via an Exchange Traded Product.
SWISS SIX : 21Shares Polkadot ETP | CH0593331561 | WKN A3GPQM | ADOT SW in USD | German Ticker PDOT
21Shares makes investing in crypto assets as easy as buying shares using your conventional broker or bank. Investors can invest in cryptocurrencies using a conventional ETP structure (or tracker) easily, with total confidence and security and cost-effectively thanks 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 Cash 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 Short Bitcoin ETP (SBTC:SW | 21XS:GY), 21Shares Polkadot ETP (ADOT:SW | PDOT:GR). The entire suite is listed on a regulated framework on the official market of Deutsche Boerse, SIX Swiss Exchange, BX Swiss and some on Börse Stuttgart in CHF, USD, GBP and EUR respectively. Founded in 2018, 21Shares is led by a team of talented serial entrepreneurs and experienced banking professionals from the technology and financial world. Incorporated in Zug, with offices in Zurich and New York, the company has launched several world firsts, including the first listed crypto basket index (HODL) ETP in November 2018. 21Shares has 12 crypto ETPs listed today and has over $445 million in AuM in total listed products.
Press Contact Laurent Kssis +41 44 260 8660 press@21Shares.com
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