17 August 2020 – Zurich – Hot temperatures are doing little to stop the crypto-asset industry from growing rapidly this summer. And Switzerland is the epicenter of crypto innovation for financial products.
Over the past few months, we have seen all major crypto assets steadily appreciate in value. Since 01 July 2020, Bitcoin grew by 27.4%*. During the same time, Ethereum grew by 71.5% and Tezos by 72.4%. Year-to-date growth of Bitcoin, Ethereum, and Tezos is 63.8%, 228.2%, and 207.4%, respectively. The question now is how investors can make a prudent and sound investment accessing this nascent but rapidly-growing asset class while we are still seeing signs of strong institutional demand across Switzerland and Europe.
The SIX Swiss exchange has played a critical role as an exchange venue with the largest number of ETP issuers promoting new crypto products. In addition, BX Swiss – the second-largest stock exchange in Switzerland – has made leaps into the retail market by giving access to six of the 21Shares ETPs in CHF to a majority of Swiss retail investors. 21Shares has also been able to use the SIX listing as a base to expand into more European markets, with its Bitcoin ETP listing on Deutsche Borse XETRA and other ETPs to be announced pending regulatory clearance.
Volumes on the secondary exchange markets are increasing steadily as demand from retail and institutional investors is accelatering. In the first two weeks of August alone, 21Shares saw trading volumes increase to CHF 18.5 million across its eleven products. This accounts for around 75% of total volume of crypto-related products on the largest Swiss exchange.
Commenting on this achievement, Hany Rashwan, CEO of 21Shares said: “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 landscape for investing in crypto assets is now clear. 21Shares was the first in the world to have issued products in a regulated framework launching in November 2018 the famous HODL crypto basket and consecutively in 2020 the first inverse Bitcoin ETP.
21Shares makes investing in crypto assets as easy as buying shares using your conventional broker or bank. Investors can invest in cryptocurrencies using a conventional ETP structure (or tracker) easily, with total confidence and security, cost effectively thanks to 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 Short Bitcoin ETP (SBTC:SW). The entire suite is listed on a regulated framework on the official market of Deutsche Boerse, SIX Swiss Exchange, BX Swiss and some on Boerse Stuttgart in CHF, USD, GBP and EUR respectively. Founded in 2018, 21Shares is led by a team of talented serial entrepreneurs and experienced banking professionals from the technology and financial world. Incorporated in Zug, with offices in Zurich, Berlin and New York, the company has launched several world firsts, including the first listed crypto index (HODL) in November 2018. 21Shares has 11 crypto ETPs listed today and has over $100 million in AuM in total listed.
* as of 13 August 2020
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In accordance with article 109 of the Swiss Financial Services Ordinance, the Base Prospectus dated 13 November 2019, as supplemented from time to time (the “Base Prospectus”) and the final terms for SBTC dated 22 January 2020 (the “Final Terms”, and together with the Base Prospectus, the “Prospectus”) have been prepared in compliance with articles 652a and 1156 of the Swiss Code of Obligations, as such articles were in effect immediately prior to the entry into effect of the FinSA, and the Listing Rules of the SIX Swiss Exchange in their version in force as of January 1, 2020. Consequently, the Prospectus has not been and will not be reviewed or approved by a Swiss review body pursuant to article 51 of the FinSA, and does not comply with the disclosure requirements applicable to a prospectus approved by such a review body under the FinSA. Copies of the Prospectus are available free of charge from the website of the Issuer. 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