21Shares: $100 million assets under management

Over the past few months, all major crypto assets steadily appreciated in value. Bitcoin reached a new 12-month-high. Since 1 July, 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.

21Shares, formerly known as Amun, benefitted from this development. 21Shares is a pioneer in the field. The start-up has launched the world’s first crypto index ETP listed on a regulated stock exchange in 2018. The SIX Swiss exchange has also played a critical role as an exchange venue with the largest number of ETP issuers promoting new crypto products. 21Shares has 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. 21Shares has 11 crypto ETPs listed today and has over $100 million in AuM in total listed.

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!”