It’s been quite the week for launches in the ETF world. Not many launches but those that happened are quite notable.
Crypto ETP issuer 21Shares US Advisers LLC, an affiliated entity of 21Shares AG, has launched in the US market with two private funds, designed to provide accredited investors with broad exposure to both large-cap and mid-cap crypto assets.
Susannah Streeter, senior investment and markets analyst, at Hargreaves Lansdown commented that while by the end of the week, the crypto wild west was taking a breather after reeling from the crash brought on by the collapse of a so called ‘stablecoin’, the clamour for regulation of stablecoins has become louder after losses mounted up.
Indexers want to index everything says Kristen Mierzwa, Head of Digital Assets, Index Investments Group, FTSE Russell.
Digital ETP issuer 21Shares AG has announced the listing of the 21Shares ByteTree BOLD ETP (BOLD) on the SIX Swiss Exchange, the world’s first ETP that combines bitcoin and gold.
Swiss-based crypto ETP issuer 21Shares, with USD3 billion in assets, and ETF Securities have launched two funds, designed the firms say, to offer simple, cost-effective and direct access to cryptocurrency investments.
If the cryptocurrency ETP industry can have been around long enough to have a veteran participant, that participant is Laurent Kssis, who was recently announced as the managing director and head of Europe for Brazilian-based crypto asset manager, Hashdex.
Assets under management in crypto ETPs are likely to grow beyond USD120 billion by 2028, even without large crypto price increases, fuelled by increasing institutional demand and changes in US policy, according to a new report by research provider Bloomberg Intelligence (BI).
Global X ETFs has announced the launch of two exchange-traded products, the Global X Bitcoin ETP (BT0X) and the Global X Ethereum ETP (ET0X), issued by Global X Digital Assets Issuer Limited (Global X).
Digital ETP issuer Valour Inc has appointed John Sjöberg to the role of Chief Information Officer.