Swiss crypto ETP issuer hits USD1bn in AuM
Swiss fintech ETP issuer 21Shares AG has officially passed the USD1 billion mark in assets under management across its diversified 12 crypto asset ETPs.
In just over two years, 21Shares AG has witnessed a 200-fold increase in its assets and joined the select elite ETF/ETP issuer list with over USD1 billion in assets.
“We are extremely excited to have reached a critical milestone in such a short period of time. The growth in 21Shares ETP’s business is largely due to the incredible efforts of our team and the loyalty and trust of our investors,” says Ophelia Snyder, co-Founder and President of 21Shares.
Since its inception, 21Shares has launched a total of 12 different crypto asset trackers on all regulated exchanges in the D-A-CH region. The company is the only issuer that currently has an ethereum ETP (AETH) on 2 regulated stock exchanges and 3 regulated exchange segments offering the bitcoin ETP. No other crypto issuer has such a comprehensive offering on regulated markets. It owns over 90 per cent of the market share of crypto basket ETPs and its latest product, the polkadot ETP has gathered over USD25 million in 15 days, demonstrating the immense popularity of the 21Shares suite of crypto ETPs. It was also the first issuer to list the XRP ETP (AXRP) which under its current regulatory scrutiny is still listed and traded under normal market conditions. It gained instant recognition for listing the World first short bitcoin ETP (SBTC) which is also centrally cleared for added compliance support on the Frankfurt Stock exchange. It is the only issuer to have 9 crypto ETPs admitted to trading on the Stuttgart exchange.
“With such institutional demand wanting to gain exposure to crypto via an ISIN, it took us less than two weeks from announcing USD500 million in AuM to now exceeding USD1 billion. It is rapidly becoming judicious for many wealth managers, private banks, family offices and individuals to allocate to crypto assets. We expect to reach even greater heights in 2021 across both our AuM at 21Shares as well as across the crypto ecosystem,” says Hany Rashwan, CEO of 21Shares.