21SHARES receives SFSA approval for 2020 prospectus

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21Shares AG has published its updated 2020 prospectus, following approval by the Swedish Financial Supervisory Authority (SFSA – Fi.se). 

Under the newly approved prospectus, the Swiss issuer of crypto ETPs receives regulatory approval and continues to deploy institutional-grade products in Switzerland and Europe on regulated segment of stock exchanges.

“The growth of our company - both in terms of assets as well as product innovation – is a clear testament that we are succeeding in our mission to deliver superior and approved products to the financial market,” says Hany Rashwan CEO 21Shares AG. “Under the updated prospectus, we will further strengthen our strategy to admit more ETPs to existing as well as new stock exchanges.”

21Shares AG has launched a total of eleven different products in four major currencies on all regulated exchanges in the DACH (Germany, Austria and Switzerland) region, thus, pushing Europe forward in the race towards institutional acceptance of Bitcoin and cryptocurrencies. The issuers also announced it has reached a key milestone this week in breaking USD150 million in Asset under Management.

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