17 August 2020 – Zurich – Scorching temperatures are doing little to cease the crypto-asset business from rising quickly this summer time. And Switzerland is the epicenter of crypto innovation for monetary merchandise.
Over the previous few months, we’ve got seen all main crypto property steadily recognize in value. Since 01 July 2020, Bitcoin grew by 27.4%*. Throughout the identical time, Ethereum grew by 71.5% and Tezos by 72.4%. 12 months-to-date development of Bitcoin, Ethereum, and Tezos is 63.8%, 228.2%, and 207.4%, respectively. The query now could be how buyers could make a prudent and sound funding accessing this nascent however rapidly-growing asset class whereas we’re nonetheless seeing indicators of sturdy institutional demand throughout Switzerland and Europe.
The SIX Swiss exchange has performed a essential position as an exchange venue with the biggest variety of ETP issuers selling new crypto merchandise. As well as, BX Swiss – the second-largest stock exchange in Switzerland – has made leaps into the retail market by giving entry to 6 of the 21Shares ETPs in CHF to a majority of Swiss retail buyers. 21Shares has additionally been ready to make use of the SIX itemizing as a base to broaden into extra European markets, with its Bitcoin ETP itemizing on Deutsche Borse XETRA and different ETPs to be introduced pending regulatory clearance.
Volumes on the secondary exchange markets are growing steadily as demand from retail and institutional buyers is accelatering. Within the first two weeks of August alone, 21Shares noticed buying and selling volumes improve to CHF 18.5 million throughout its eleven merchandise. This accounts for round 75% of whole quantity of crypto-related merchandise on the biggest Swiss exchange.
Commenting on this achievement, Hany Rashwan, CEO of 21Shares mentioned: “This great milestone after only a year in the market across Europe shows how well investors have embraced our products. With eleven total products available in four currencies including GBP, 21Shares has by far the largest product suite in the industry and now one of the fastest-growing as well. Now that the important $100 million mark is met, we can focus on our next target: $1 billion!”
The Swiss panorama for investing in crypto property is now clear. 21Shares was the primary on the planet to have issued merchandise in a regulated framework launching in November 2018 the well-known HODL crypto basket and consecutively in 2020 the primary inverse Bitcoin ETP.
21Shares makes investing in crypto property as straightforward as shopping for shares utilizing your standard dealer or bank. Traders can spend money on cryptocurrencies utilizing a traditional ETP construction (or tracker) simply, with whole confidence and safety, cheaply because of 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 Brief Bitcoin ETP (SBTC:SW). Your complete suite is listed on a regulated framework on the official market of Deutsche Boerse, SIX Swiss Change, BX Swiss and a few on Boerse Stuttgart in CHF, USD, GBP and EUR respectively. Based in 2018, 21Shares is led by a crew of gifted serial entrepreneurs and skilled banking professionals from the know-how and monetary world. Integrated in Zug, with places of work in Zurich, Berlin and New York, the corporate has launched a number of world firsts, together with the primary listed crypto index (HODL) in November 2018. 21Shares has 11 crypto ETPs listed immediately and has over $100 million in AuM in whole listed.
* as of 13 August 2020
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