Demonstrates growing institutional preference for cryptocurrency ETPs
19 November 2020 - Zurich - Bitcoin's meteoric price rise in 2020 (YTD
+153.3%), a performance not seen since November 2017, demonstrates
growing acceptance and investment preference by professional and
institutional investors in Europe. Q3 inflows from buy-side
institutional managers across 21Shares' suite of crypto ETPs in Q3
particularly from its Bitcoin ETP (ABTC:SW - 21XB:GR) have more than
doubled since August 2020.
https://www.globenewswire.com/Tracker?data=2Nt59OPRNIAowD130lNE2DlFutAbhh3ImIVUiLjaW0jdgE1-1hVaw-nsSeaaxfwPp6ccOGA6DP7p4_sbnZev_Q==
21Shares, the Swiss crypto ETP issuer accredited with listing the first
crypto basket HODL has now achieved US$150m in AuM(Asset under
Management) outperforming the vast majority of managed crypto funds.
With the iconic listing of the world's first crypto HODL basket ETP in
November 2018 on the SIX Swiss stock exchange, 21Shares AG opened a new
world of digital assets to conventional investors, while utilizing a
conventional product wrapper already well-accepted by institutional
investors. Over the last 15 months, the Swiss issuer has added a total
of eleven crypto ETPs on seven new stock exchanges in Switzerland and
the EU, key highlights in 2020 including listing Bitcoin (21XB) and
Ethereum (AETH) on the regulated segment of Deutsche Boerse XETRA and
the Vienna Stock Exchange.
In 2020, growing institutions' interest came primarily from the United
States. Tudor Investment Corporation, Square and MicroStrategy are
amongst the first large US institutions to publicly allocate capital to
Bitcoin followed by the announcement from PayPal in Q3 2020, the largest
bank in terms of accounts (not assets) in the world, to offer Bitcoin to
their client base. These investments have already delivered noteworthy
returns (even if not yet realised).
"We have seen a growing appetite amongst Swiss and European based asset
managers, Family Offices, hedge funds and private banks for an
institutional-grade ETP providing access to bitcoin and other
cryptocurrencies this year." says Hany Rashwan CEO of 21Shares. "Our
fully collateralized, regulated crypto ETPs have been well received and
the inflows to date show the trust placed in us by these institutions.
We reached USD 100 million in AuM in mid-August growing from quality
institutional demand that has pushed us past the USD 150 million mark.
It's worth noting that we are still at the beginning with institutional
investors across Europe accessing cryptocurrencies via ETPs and we
expect this shift to continue growing and speeding up in 2021 and
beyond. We are well placed to provide institutional-grade products for
this institutional demand."
The pioneering Swiss issuer has been at the forefront of innovation in
the digital asset space, narrowing the gap between the traditional and
new financial world by providing institutional investors globally with a
secure, transparent, and regulated way to gain exposure to the otherwise
unregulated crypto market. In addition to the overwhelming popularity
amongst institutional investors, demand for the eleven 21Shares crypto
ETPs amongst retail clients is also rising fast especially as they can
now purchase these products from their preferred and well-known European
and Swiss online brokers including Swissquote, Saxobank, Scalable,
Comdirect and many others.
About 21Shares
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 21XB:GR), 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 21XS: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
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 $150 million in AuM in total listed products.
Press Contact Laurent Kssis +41 44 260 86 60 press@21Shares.com
Disclaimer
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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
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Prospectus has not been and will not be reviewed or approved by a Swiss
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an offer to sell or the solicitation of an offer to buy, in any
jurisdiction in which such offer or solicitation would be unlawful prior (MORE TO FOLLOW) Dow Jones Newswires
November 19, 2020 02:00 ET (07:00 GMT)
