21Shares attracts famous investors

Since launching the world’s first physically backed cryptocurrency exchange-traded product (ETP) in 2018 on the SIX Swiss Exchange, 21Shares has established itself as an innovative first mover. As of May 2021, 21Shares now manages more than $2 billion in 14 cryptocurrency ETPs, including the world’s only ETPs tracking Binance, Bitcoin Cash, Tezos and most recently Stellar, Cardano and Polkadot.

The company will close a financing round this week led by Morgan Creek Digital with participation from Collaborative Ventures and Quiet Ventures as well as Anthony Pompliano, Managing Partner at Pomp Investments who previously co-founded Morgan Creek Digital and Catherine Wood, CEO of ARK Investment Management. According to Forbes, Wood is a star-stock-picker. Her flagship fund has returned an average of nearly 40% annually over the past five years. She is a booster of Tesla and has predicted that Bitcoin could reach a price of $500’000. Wood serves as the independent member of Amun’s Board of Directors. Anthony Pompliano is an entrepreneur and investor. He has built and sold numerous companies, ran Product & Growth teams at Facebook, and manages a portfolio valued at more than $500 million in early-stage tech companies.

The shareholders of Amun Holdings Limited held an Extraordinary General Meeting (EGM) last week and the fundraising round is expected to close this week. Hany Rashwan, Co-Founder and CEO of 21Shares said, “We are seeing unprecedented investor demand for exchange-traded crypto products that can be bought and sold as easily as a stock. Based on market opportunity, this year we are looking to expand our ETP product suite globally. Our investors’ commitment to 21Shares and the quality of our Board of Directors will help us advance our mission.”

“21Shares is forging a new path for crypto ETPs, by leading with research and a keen understanding of this developing asset class. I am thrilled to support its efforts,” said Wood.

Pompliano added, “I am excited to invest in 21Shares and the company’s continued success providing institutional-grade research and products for the crypto market. It was obvious a few years ago that many more people would be hearing about Hany, Ophelia, and their innovative products, and I believe the same is true for 21Shares and its top quality leadership team that is creating unique solutions at the intersection of finance and crypto.”