08 February 2020 Zurich - Within the short time frame of just 2 years, 21Shares AG, the Swiss based crypto issuer servicing all of European Investors, has now joined the exclusive ETF/ETP club of global issuers to surpass USD 500 million in assets under management. The pioneering crypto issuer listed its first physical, fully collateralized crypto basket ETP in November 2018 starting with USD 5 million in assets and has now amassed $77m in institutional money.
This comes as no surprise, since the expansive range of crypto ETPs and their unique structure provide institutional investors with the safest most convenient access and liquid exposure to the fastest growing asset class of the last decade. Today, 21Shares has 12 different products listed on the largest regulated stock exchanges in several European countries.
“We launched the first crypto basket ETP in November 2018. It took others in the market almost two years to catch up with our innovative concept. While they have been focused on the issues we solved two years ago, we have continued to innovate and construct ever more advanced products such as the world's first inverse bitcoin ETP which is also centrally cleared for the benefit of institutional investors.” says Hany Rashwan, CEO 21Shares AG.
Despite competition from new entrants to the market, largely replicating 21Shares existing structures, the company has continued to spearhead innovation in the space and has continuously brought new innovative products to the market and made investing in crypto assets easier than ever before. Last week, it launched the world’s first Polkadot ETP (ADOT) on the largest Swiss Stock Exchange with close to $5m in AuM as of Friday’s close.
“We remain ahead and operate on a very different curve than any of the other contenders in the crypto space for institutional financial products, partly because of our depth of knowledge in the both the crypto asset and ETP/ETF spaces. In the coming months, we intend to deliver up to three more products to the market that will not only give institutional and retail clients safe and easy access to crypto assets, but also show the financial markets that blockchain protocols can be engineered to capture superior returns.” Rashwan concludes.
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, the Wiener Boerse and MTF 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 $520 million in AuM in total listed products.
Laurent Kssis +41 44 260 8660 press@21Shares.com
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