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Assets under 21Shares management exceeded $ 1 billion


Swiss provider of cryptocurrency exchange-traded products 21Shares announced an increase in the value of assets under its management (AUM) to $ 1 billion in two weeks.

In August, the indicator exceeded $ 100 million… 8 February he reached $ 500 million… In two years, the company has demonstrated 200x the growth rate of AUM.

In 21Shares this dynamic explained a sharp rise in interest in digital assets from institutional investors, as well as the listing of exchange traded products (ETP) on regulated European exchanges.

What is Bitcoin ETF?

Head of the company Hani Rashvan noted that investors are attracted by the presence ISIN is the global identification standard for securities such as stocks and bonds.

“We expect to see further growth in both AUM at 21Shares and across the cryptocurrency ecosystem.”, – Rashvan stated.

The company operates 12 ETPs based on various cryptocurrencies.

According to data as of February 18, the largest share in AUM is occupied by bitcoin-ETP under the ticker ABTC with an investment of $ 272 million. On the second line with $ 214 million is an exchange product based on Binance Coin (BNB) under the ticker ABNB. In many ways, his position is explained jump in prices on this coin lately.

AUM structure of 12 ETPs managed by 21Shares. Data: 21Shares.

As a reminder, on February 4, the Swiss provider of cryptocurrency exchange products launched trading ETP based on Polkadot

December 21Shares withdrew XRP token from Ripple of traded exchange products.

In January, ForkLog reported that 21 Shares’ competitor, management company CoinShares, has quadrupled its AUM since August 2020 – up to $ 4 billion

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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