Further enhances investor protection being centrally cleared (CCP)
1 July 2020 – Frankfurt and Zurich – The world-leading issuer of crypto ETPs, 21Shares AG, is officially listing its 21Shares Bitcoin ETP (ISIN: CH0454664001 – WKN: A2T64E) on the official market of Deutsche Börse’s Xetra electronic venue on Thursday July 2nd 2020. 21Shares AG has been present in the German market since the dual listing of seven of its ETPs on Börse Stuttgart since January 2020.
ABTC – with a track record of over 1.5 years and charging a low 1.49% management fee – leaped institutional acceptance of the digital asset industry forward by being the first ETP listed on a regulated stock exchange (the largest Swiss stock exchange). Inspired by the pioneering work from the 21Shares team, other issuers followed suit with similar structures replicating the original Bitcoin ETP issued by 21Shares.
Laurent Kssis, Managing Director at 21Shares AG, says:“ Our products have been available in Germany since we set foot at the beginning of the year thanks to all our German partners that made it possible. The listing on Xetra not only strengthens our current position in Germany but also opens up institutional-grade crypto products to the wider European and international markets. We look forward to bringing more novel asset classes to more demanding investors. Crypto is now ever more easy to access”
Michael Lie, Head of Digital Assets at Flow Traders, says:“ Flow Traders has been working with 21Shares since November 2018 and views the increasing amount of crypto ETPs being listed in Europe as an extremely positive development for the market. As such it was a natural decision for us to participate as the Designated Sponsor on one of Europe’s largest exchanges. We are delighted to continue this effort and support 21Shares.”
This is not 21Shares’ first foray into regulated markets which complements an already successful accolade of listings on European stock exchanges including the first institutional-grade crypto basket (HODL) in November 2018. According to management, 21Shares anticipates to further dual list its signatory crypto basket ETP HODL (ISIN: CH0445689208) once it gets regulatory clearance. In an otherwise unregulated crypto market, 21Shares AG continues to bring more transparency, protection, and integrity to investors by listing their fully-collateralized crypto ETPs on regulated stock exchanges.
21Shares has already a presence in Germany with its third global office staffed by 4 employees. As a result, it plans to accelerate more listings of its crypto ETPs. ABTC delivers physical bitcoin exposure already for more than a year and the central clearing counterparty (CCP) will only reinforce investors’ concerns regarding security and clearing matters.
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, cost-effectively thanks to the 21Shares suite of ETPs launched by 21Shares and now composed of 11 Crypto ETPs : the 21Shares Crypto Basket Index ETP (HODL:SW), 21Shares Bitcoin (ABTC:SW), 21Shares Ethereum (AETH:SW), 21Shares XRP (AXRP:SW), 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) and 21Shares Short Bitcoin ETP (SBTC:SW). The entire suite is listed on a regulated framework on the official market of Deutsche Boerse, SIX Swiss Exchange, BX Swiss and some on Boerse 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, Berlin and New York, the company has launched several world firsts, including the first listed crypto index (HODL) in November 2018. 21Shares has 11 crypto ETPs listed today and has over $60 million in AuM in total listed.
Press Contact 21Shares
Laurent Kssis +41 44 260 86 60 press@21Shares.com
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This document constitutes advertisement within the meaning of the Swiss Financial Services Act (the “FinSA”) and not a prospectus. In accordance with article 109 of the Swiss Financial Services Ordinance, the Base Prospectus dated 13 November 2019, as supplemented from time to time (the “Base Prospectus”) and the final terms for SBTC dated 22 January 2020 (the “Final Terms”, and together with the Base Prospectus, the “Prospectus”) have been prepared in compliance with articles 652a and 1156 of the Swiss Code of Obligations, as such articles were in effect immediately prior to the entry into effect of the FinSA, and the Listing Rules of the SIX Swiss Exchange in their version in force as of January 1, 2020. Consequently, the Prospectus has not been and will not be reviewed or approved by a Swiss review body pursuant to article 51 of the FinSA, and does not comply with the disclosure requirements applicable to a prospectus approved by such a review body under the FinSA. Copies of the Prospectus are available free of charge from the website of the Issuer. Subject to applicable securities laws, the Base Prospectus and the final terms of any product mentioned herein can be obtained from 21Shares AG on the website.
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