Below strict embargo till 24 June 2020 at 08:30 CET
24 June 2020 Zurich | London – 21Shares AG, the main issuer of crypto ETPs is formally itemizing its 21Shares Bitcoin ETP (ISIN: CH0454664001 – BBG: ABTC SW), 21Shares Ethereum (ISIN CH0454664027 BBG: AETH SW) and signature crypto basket index HODL (ISIN CH0445689208 , BBG HODL SW) in GBP on the Swiss SIX Trade on June 30th 2020. Based on senior administration, the “lowering FX conversion prices by itemizing in key European currencies is a further merchandise of its technique to widen market participation”.
The Bitcoin ETP (ABTC) has now been listed and buying and selling for over 18 months which has helped lead the market in gaining institutional acceptance for investing simply and securely into digital property utilizing typical brokers. It was the primary to checklist on a regulated inventory change, the SIX Swiss Trade and advantages from a cheap annual administration charge of 1.49% which makes it one of many least expensive crypto ETPs available on the market. Based on consumer suggestions, increasing market participation additional, particularly amongst UK-based traders, required an inventory in native foreign money. This removes the price of excessive and ugly FX conversion charges, in addition to entry restriction limitations the place brokers can not settle in international foreign money in home markets.
Laurent Kssis, Managing Director, 21Shares AG mentioned: “Increasing market participation is certainly one of our core focuses. As we already checklist our crypto ETPs in USD, CHF and EUR, it was solely pure so as to add GBP. This opens up our institutional-grade crypto ETPs to all UK traders with entry and connectivity to the SIX Swiss Trade.”
Charlie Morris, Chairman of UK based mostly Bytetree mentioned: “We’re excited by the information of a GBP itemizing for 21Shares profitable crypto ETPs. This can give UK shoppers extra selection by which they’ll entry this rising asset class with the reassurance of doing so by way of a regulated European change, which is a key issue raised by many institutional traders like us!”
The GBP listings come at a time the place demand by UK traders is accelerating. Traders have indicated that engineering crypto merchandise in a construction that they’re accustomed to (i.e. ETP) is a key issue when allocation 1-2% of their portfolios in various property courses.
There may be an array of merchandise accessible for institutional traders to buy Bitcoin. Trade Traded Merchandise are ideally suited to traders searching for safety and cost-effective entry in comparison with different accessible constructions on account of its most distinguished traits being totally collaterised, quoted by impartial market makers, and provide full creation/redemption mechanism on the prevailing NAV worth.It makes them perfect for bigger ticket sizes and removes worth premiums, that are a important shortcoming within the trade.
21Shares was additionally honored in Might 2020 because the winner of the ADVFN Worldwide Monetary Awards 2020 for ‘“Most Revolutionary Crypto Product” which acknowledged and celebrated the very best breed of crypto issuers from throughout the worldwide monetary trade.
About 21Shares 21Shares makes investing in crypto property as straightforward as shopping for shares utilizing your typical dealer or financial institution. Traders can spend money on cryptocurrencies utilizing a standard ETP construction (or tracker) simply, with complete confidence and safety, cheaply due 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 Money 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 Quick Bitcoin ETP (SBTC:SW). The whole suite is listed on a regulated framework on the official market of SIX Swiss Trade, BX Swiss and a few on Boerse Stuttgart in CHF, USD and EUR respectively. Based in 2018, 21Shares is led by a staff of proficient serial entrepreneurs and skilled banking professionals from the expertise 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 $60 million in AuM in complete listed.
Press Contact 21Shares Laurent Kssis +41 44 260 8660 press@21Shares.com
Disclaimer This doc and the knowledge contained herein aren’t for distribution in or into (straight or not directly) america, Canada, Australia or Japan or every other jurisdiction through which the distribution or launch can be illegal. This doc doesn’t represent a suggestion of securities on the market in or into america, Canada, Australia or Japan.This doc doesn’t represent a suggestion to promote, or a solicitation of a suggestion to buy, any securities in america. The securities of 21Shares AG to which these supplies relate haven’t been and won’t be registered below america Securities Act of 1933, as amended (the “Securities Act”), and will not be provided or bought in america absent registration or an relevant exemption from, or in a transaction not topic to, the registration necessities of the Securities Act. There won’t be a public providing of securities in america.This doc is barely being distributed to and is barely directed at: (i) to funding professionals falling inside Article 19(5) of the Monetary Companies and Markets Act 2000 (Monetary Promotion) Order 2005 (the “Order”); or (ii) excessive internet value entities, and different individuals to whom it could lawfully be communicated, falling inside Article 49(2)(a) to (d) of the Order (all such individuals collectively being known as “related individuals”); or (iv) individuals who fall inside Article 43(2) of the Order, together with current members and collectors of the Firm or (v) every other individuals to whom this doc might be lawfully distributed in circumstances the place part 21(1) of the FSMA doesn’t apply. The Securities are solely accessible to, and any invitation, provide or settlement to subscribe, buy or in any other case purchase such securities shall be engaged in solely with, related individuals. Any one that will not be a related individual mustn’t act or depend on this doc or any of its contents. In any EEA Member State (aside from the Austria, Belgium, Denmark, Finland, France, Germany, Nice Britain, Eire, Italy, Luxembourg, Malta, the Netherlands, Norway, Spain and Sweden) that has carried out the Prospectus Regulation (EU) 2017/1129, along with any relevant implementing measures in any Member State, the “Prospectus Regulation”) this communication is barely addressed to and is barely directed at certified traders in that Member State throughout the that means of the Prospectus Regulation. Completely for potential traders in Austria, Belgium, Denmark, Finland, France, Germany, Nice Britain, Eire, Italy, Luxembourg, Malta, the Netherlands, Norway, Spain and Sweden the 2019 Base Prospectus (EU) is made accessible on the Issuer’s web site below www.21Shares.com. 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 traders ought to learn the 2019 Base Prospectus (EU) and the related Ultimate Phrases earlier than investing determination as a way 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 could also be obscure. This doc will not 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 idea of, or be relied upon in reference to, any provide or dedication in any respect 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 so often (the “Base Prospectus”) and the ultimate phrases for SBTC dated 22 January 2020 (the “Ultimate 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 have been in impact instantly previous to the entry into impact of the FinSA, and the Itemizing Guidelines of the SIX Swiss Trade of their model in pressure as of January 1, 2020. Consequently, the Prospectus has not been and won’t be reviewed or authorized by a Swiss evaluate physique pursuant to article 51 of the FinSA, and doesn’t adjust to the disclosure necessities relevant to a prospectus authorized by such a evaluate physique below 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 will not be despatched to jurisdictions, or distributed in or despatched from jurisdictions, through which that is barred or prohibited by regulation. The knowledge contained herein doesn’t represent a suggestion to promote or the solicitation of a suggestion to purchase, in any jurisdiction through which such provide or solicitation can be illegal previous to registration, exemption from registration or qualification below the securities legal guidelines of any jurisdiction.