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.
About 21Shares
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
Press Contact
Laurent Kssis
+41 44 260 86 60
Disclaimer
This doc and the data contained herein aren’t for distribution in or into (straight or not directly) the USA, Canada, Australia or Japan or another jurisdiction wherein the distribution or launch could be illegal. This doc doesn’t represent a suggestion of securities on the market in or into the USA, Canada, Australia or Japan.This doc doesn’t represent a suggestion to promote, or a solicitation of a suggestion to buy, any securities in the USA. The securities of 21Shares AG to which these supplies relate haven’t been and won’t be registered beneath the USA Securities Act of 1933, as amended (the “Securities Act”), and may not be provided or bought in the USA absent registration or an relevant exemption from, or in a transaction not topic to, the registration necessities of the Securities Act. 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The approval of the 2019 Base Prospectus (EU) shouldn’t be understood as an endorsement by the SFSA of the securities provided or admitted to buying and selling on a regulated market. Eligible potential buyers ought to learn the 2019 Base Prospectus (EU) and the related Last Phrases earlier than investing determination so as to perceive the potential dangers related to the choice to spend money on the securities. You might be about to buy a product that’s not easy and may be obscure. This doc shouldn’t be a suggestion to promote or a solicitation of a suggestion to purchase or subscribe for securities of 21Shares AG. Neither this doc nor something contained herein shall type the premise of, or be relied upon in reference to, any supply or dedication in any way in any jurisdiction.This doc constitutes commercial throughout the that means of the Swiss Monetary Companies Act (the “FinSA”) and never a prospectus. In accordance with article 109 of the Swiss Monetary Companies Ordinance, the Base Prospectus dated 13 November 2019, as supplemented every now and then (the “Base Prospectus”) and the ultimate phrases for SBTC dated 22 January 2020 (the “Last Phrases”, and along with the Base Prospectus, the “Prospectus”) have been ready in compliance with articles 652a and 1156 of the Swiss Code of Obligations, as such articles had been in impact instantly previous to the entry into impact of the FinSA, and the Itemizing Guidelines of the SIX Swiss Change of their model in drive as of January 1, 2020. Consequently, the Prospectus has not been and won’t be reviewed or accepted by a Swiss overview physique pursuant to article 51 of the FinSA, and doesn’t adjust to the disclosure necessities relevant to a prospectus accepted by such a overview physique beneath the FinSA. Copies of the Prospectus can be found freed from cost from the web site of the Issuer. Topic to relevant securities legal guidelines, the Base Prospectus and the ultimate phrases of any product talked about herein might be obtained from 21Shares AG on the web site. Copies of this doc may not be despatched to jurisdictions, or distributed in or despatched from jurisdictions, wherein that is barred or prohibited by regulation. The data contained herein doesn’t represent a suggestion to promote or the solicitation of a suggestion to purchase, in any jurisdiction wherein such supply or solicitation could be illegal previous to registration, exemption from registration or qualification beneath the securities legal guidelines of any jurisdiction.
