21Shares is a pioneer in issuing publicly traded products linked to cryptocurrencies.
Institutional investors have access to the main cryptocurrencies on the market.
The Swiss company 21Shares AG, issuer of publicly traded products (ETPs) related to bitcoin and cryptocurrencies, has achieved in just 2 years, what many other companies take decades to achieve: more than USD 1 billion dollars in value of assets under its management.
“We are very excited to have reached a critical milestone in such a short time. The growth of the 21Shares ETP business is due in large part to the incredible efforts of our team and the loyalty and trust of our investors. Said Ophelia Snyder, co-founder and president of the company.
The company is the only one to offer ether (ETH), bitcoin (BTC) and other cryptocurrency-linked products at major European brokerages such as the SIX Swiss Exchange, Switzerland’s main stock exchange based in Zurich and the Frankfurt stock house in Germany. In addition, it trades its products in other recognized exchange houses in the DACH region (term used to represent the German-speaking European countries: Austria, Germany and Switzerland). It is also the only one with nine cryptocurrency ETPs listed on the Sturrgard exchange.
It is important to highlight that achieving this goal is a very important step for any ETP / ETF issuer in the world, since few are part of this select group. The fact of having achieved it in such a short time shows the high quality of the company’s service, its serious commitment to bringing cryptocurrencies to the stock market and the great demand for this niche by investors, especially at the institutional level.
The interest of this type of investors has been achieved to a large extent, thanks to the fact that they can have access to these assets through a structure that they are already familiar with, such as ETPs with a physical backing.
21Shares was registered in 2018 in the Canton of Zug, a place known as the “Crypto Valley” of Switzerland. It is a pioneer in the field and has more than 90% of the market share of cryptocurrency ETPs. It was also the first to list an XRP ETP (AXRP) in effect to this day. The station has managed to place itself in this privileged position after achieving a structure in its products that meets the regulatory requirements of Switzerland. The first major product it launched was a basket of cryptocurrencies called HODL ETP, with the traditional features of an ETF.
Access of institutional investors to bitcoin opens the way
Other countries have realized that it is important for these types of products to be offered in brokerage houses so that they are available to institutions, under an adequate legal framework and with a financial structure with which they are familiar. A good example previously covered by CriptoNoticias is the Toronto Stock Exchange which already has similar products.