Frankfurt | Zurich – 05 March 2021 – The board of administrators of 21Shares AG is delighted to announce a world first and the taking of one other leap ahead in direction of the institutionalisation of crypto belongings by planning to listing Change Traded Merchandise (ETPs) monitoring two of the preferred crypto belongings – Ethereum (ticker: 21XE) and Bitcoin Money (21XC) – on the regulated market of Deutsche Boerse XETRA on March ninth, 2021 topic to the approval by the Frankfurt Inventory Change. Following the primary itemizing in July and September 2020 of the 21Shares Bitcoin ETP (21XB) and Brief Bitcoin ETP (21XS) on XETRA, the Swiss ETP issuer provides two extra ETPs with belongings already exceeding 100 million USD.
A Central Clearing counterparty (CCP) provides important advantages like standardisation, danger discount and operational effectivity, which is additional accelerating the institutionalisation of crypto ETPs. 21Shares believes this innovation delivers enhanced liquidity and reduces buying and selling prices as central clearing expands the pool of eligible counterparties to commerce with past having to clear bilaterally.
“Whereas different issuers proceed to observe our steps in itemizing a Bitcoin ETP on a inventory change, we had time to construct the infrastructure and actively conduct regulatory lobbying for different modern crypto belongings and issuances.” Hany Rashwan, CEO 21Shares AG commented. “That is why we had been the primary to listing an Ethereum and Bitcoin Money ETP on the Swiss inventory change and we at the moment are leveraging our experience to offer traders within the DACH area and past with the identical institutional attain, security and value efficient methods to achieve publicity to crypto belongings. After the immensely profitable launch of the primary Polkadot ETP only a month in the past, we’re engaged on a number of extra launches within the second and third quarter. On this manner, we purpose to steer the adoption of crypto belongings into standard asset allocations.”
The 21Shares Ethereum ETP (AETH SW – CH0454664027) and the 21Shares Bitcoin Money ETP (ABCH SW – CH0475552201), are totally collateralized utilizing Coinbase as unbiased regulated institutional grade custodian, debuted on the Swiss inventory market in mid 2019 and have a efficiency of 116.3% and 53.0% with annual administration charges of 1.49% and a couple of.50% respectively.
For the reason that outbreak of the Coronavirus in Europe in March 2020, Bitcoin has seen a pointy enhance in value from round $5,000 to $49,000 in March 2021. The asset appreciation was accompanied by a surge in curiosity from each most of the people and for the primary time bigger firms. Corporations together with the likes of Paypal, Sq., Microstrategy and, as of late, the worldwide electrical automotive producer Tesla have added Bitcoin to their stability sheets. Whereas there may be already an abundance of Bitcoin monetary merchandise in the marketplace, there’s a vital lack of institutional-grade merchandise for different large-volume crypto belongings.
21Shares AG has been pioneering the institutionalisation of crypto belongings into portfolio allocation since itemizing the primary and solely crypto basket ETP (HODL) on the Swiss inventory change in November 2018. Since then, the issuer has launched a complete of 12 completely different crypto ETPs to market, most lately the one Polkadot ETP (ADOT) in February 2021 with belongings underneath administration within the product already exceeding $30m. The Swiss issuer is the one crypto centered ETP issuer with such breadth and depth and has since secured its place because the main crypto ETP issuer globally reaching $1 billion in belongings underneath administration in February 2021.
This regulatory landmark of the primary Ethereum and Bitcoin Money ETPs on Deutsche Boerse XETRA brings the overall of centrally cleared ETPs provided by 21Shares in Germany to 4 and additional extends its lead on any European exchanges which additional exhibit the demand by institutional traders to allocate crypto belongings in standard portfolio allocation utilizing crypto ETPs. This itemizing on Germany’s largest regulated inventory change turns into the third inventory change globally to supply Ethereum and a Bitcoin Money ETP. The Ethereum ETP has additionally been admitted to itemizing on the regulated market of the Wiener Boerse since September 2020.
About 21Shares
Based in 2018, 21Shares AG (previously Amun) is the main crypto fintech issuer of ETP in Switzerland. It goals to make investing in crypto belongings as straightforward as shopping for shares utilizing your standard dealer or financial institution. Traders can spend money on cryptocurrencies utilizing a standard ETP construction (or tracker) simply, in whole confidence and cost-effectively because of 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 | 21XE GY), 21Shares XRP (AXRP:SW | 21XX:GR), 21Shares Bitcoin Money ETP (ABCH:SW | 21XC:GY), 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), 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, Tradegate and Gettex in CHF, USD, GBP and EUR respectively. Included and headquartered within the canton of Zug, with workplaces 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 and presently manages belongings of 1 billion US {Dollars}. With the intention to all the time be updated, 21Shares AG has established an in-house analysis workforce.
Press Contact
Laurent Kssis +41 44 260 8660 press@21Shares.com
Disclaimer
This doc and the data contained herein are usually not for distribution in or into (instantly or not directly) the USA, Canada, Australia or Japan or another jurisdiction by which the distribution or launch could be illegal. This doc doesn’t represent a suggestion of securities on the market in or into the USA, Canada, Australia or Japan. This doc doesn’t represent a suggestion to promote, or a solicitation of a suggestion to buy, any securities in the USA. The securities of 21Shares AG to which these supplies relate haven’t been and won’t be registered underneath the USA Securities Act of 1933, as amended (the “Securities Act”), and might not be provided or offered in the USA absent registration or an relevant exemption from, or in a transaction not topic to, the registration necessities of the Securities Act. There is not going to be a public providing of securities in the USA.This doc is simply being distributed to and is simply directed at: (i) to funding professionals falling inside Article 19(5) of the Monetary Companies and Markets Act 2000 (Monetary Promotion) Order 2005 (the “Order”); or (ii) excessive internet value entities, and different individuals to whom it could lawfully be communicated, falling inside Article 49(2)(a) to (d) of the Order (all such individuals collectively being known as “related individuals”); or (iv) individuals who fall inside Article 43(2) of the Order, together with present members and collectors of the Firm or (v) another individuals to whom this doc will be lawfully distributed in circumstances the place part 21(1) of the FSMA doesn’t apply. The Securities are solely accessible to, and any invitation, supply or settlement to subscribe, buy or in any other case purchase such securities can be engaged in solely with, related individuals. Any one that is just not a related particular person shouldn’t act or depend on this doc or any of its contents. In any EEA Member State (aside from the Austria, Belgium, Denmark, Finland, France, Germany, Nice Britain, Eire, Italy, Luxembourg, Malta, the Netherlands, Norway, Spain and Sweden) that has carried out the Prospectus Regulation (EU) 2017/1129, along with any relevant implementing measures in any Member State, the “Prospectus Regulation”) this communication is simply addressed to and is simply directed at certified traders in that Member State throughout the which means of the Prospectus Regulation. Solely for potential traders in Austria, Belgium, Denmark, Finland, France, Germany, Nice Britain, Eire, Italy, Luxembourg, Malta, the Netherlands, Norway, Spain and Sweden the 2019 Base Prospectus (EU) is made accessible on the Issuer’s web site underneath www.21Shares.com. The approval of the 2019 Base Prospectus (EU) shouldn’t be understood as an endorsement by the SFSA of the securities provided or admitted to buying and selling on a regulated market. Eligible potential traders ought to learn the 2019 Base Prospectus (EU) and the related Remaining Phrases earlier than investing choice with a view to perceive the potential dangers related to the choice to spend money on the securities. You’re about to buy a product that’s not easy and could also be obscure. This doc is just not a suggestion to promote or a solicitation of a suggestion to purchase or subscribe for securities of 21Shares AG. Neither this doc nor something contained herein shall type the premise of, or be relied upon in reference to, any supply or dedication in anyway in any jurisdiction. This doc constitutes commercial throughout the which means of the Swiss Monetary Companies Act and never a prospectus. Copies of the present Base Prospectus dated 13 November 2020 can be found freed from cost from the web site of the Issuer. Topic to relevant securities legal guidelines, the Base Prospectus and the ultimate phrases of any product talked about herein will be obtained from 21Shares AG on the web site. Copies of this doc might not be despatched to jurisdictions, or distributed in or despatched from jurisdictions, by which that is barred or prohibited by legislation. The data contained herein doesn’t represent a suggestion to promote or the solicitation of a suggestion to purchase, in any jurisdiction by which such supply or solicitation could be illegal previous to registration, exemption from registration or qualification underneath the securities legal guidelines of any jurisdiction.
