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NEW YORK, April 19, 2022 /PRNewswire/ — 21Shares AG (“21Shares”), a Swiss-based issuer of crypto Alternate Traded Merchandise (ETPs), and the main ETF supplier, ETF Securities have launched two funds that supply easy, cost-effective and direct entry to cryptocurrency investments. ETFS 21Shares Bitcoin ETF is the primary Australian ETF to speculate straight in bitcoin, and ETFS 21Shares Ethereum ETF is the primary to speculate straight in ether. Each funds will go dwell on April 27.
21Shares and ETF Securities Launch the World’s First Bitcoin and Ethereum ETFs in Australia
ETF Securities has partnered with 21Shares, the world’s largest issuer of crypto ETPs. 21Shares has over $2.5billion in Property underneath Administration (AUM) and has a present valuation of greater than USD 700 million. In whole, 21Shares presents over 130 listings with greater than 30 merchandise, together with the world’s solely ETP monitoring Binance, 4 crypto index baskets, and two ETP with investor staking rewards (Tezos and Solana). Its merchandise are listed on ten regulated European and Swiss buying and selling exchanges.
Each funds will record on CBOE Alternate (previously Chi-X). ETFS 21Shares Bitcoin ETF (Code: EBTC) will monitor the value of bitcoin in Australian {dollars}. It’s absolutely backed by bitcoin held in chilly storage by Coinbase. ETFS 21Shares Ethereum ETF (Code: EETH) will monitor the Australian greenback value of ether, which is the cryptocurrency of the Ethereum blockchain. It’s absolutely backed by ether held in chilly storage by Coinbase.
Graham Tuckwell, Government Chairman of ETF Securities Australia says EBTC and EETH give buyers a method of buying and selling cryptocurrency in a tightly regulated atmosphere, with out the necessity to set up and preserve their very own bitcoin or Ethereum wallets, or handle the dangers. “As soon as we determined to construct a spread of crypto ETFs for the Australian market, there was just one associate we wished to work with, and that is 21Shares. Its pioneering method to safe funding in cryptocurrency has been emulated by different fund managers all over the world,” Tuckwell says.
4 years in the past, Hany Rashwan and Ophelia Snyder based 21Shares to make crypto protected and accessible for all buyers, together with their moms. Since then, the corporate has been on an amazing journey to remain on the forefront of the market by offering buyers with probably the most progressive crypto Alternate Traded Merchandise (ETP), the broadest token options, and extra forward-thinking options. Immediately, the corporate continues to drive speedy, focused development by means of first-of-their-kind merchandise, key markets growth, and strategic expertise additions – all powered by free institutional-grade analysis to teach buyers concerning the evolving trade.
Hany Rashwan, CEO and co-founder of 21Shares, mentioned: “We’re so extremely excited to have the ability to supply the primary direct publicity Bitcoin and Ethereum ETF in Australia. Australian buyers clearly need and deserve an inexpensive, straightforward, {and professional} technique to entry the rising crypto asset class and we’re delighted to proceed constructing accessible bridges into the crypto world. We’re beginning with Bitcoin and Ethereum however have much more thrilling plans for Australian buyers”.
ETF Securities Head of Distribution Kanish Chugh says bitcoin has been one of the best performing asset over the previous 10 years and ether has been one of many prime performing belongings over the previous 5 years. “They might be used as an alpha tilts or facet bets in a portfolio. They can be purchased as portfolio diversifiers, as they’re fully totally different asset and uncorrelated to shares, bonds and commodities.”
Chugh says that for buyers searching for publicity to cryptocurrencies, funding by way of EBTC and EETH overcomes the pitfalls of the cryptocurrency market, together with low alternate high quality, weak custody preparations, vulnerability to hacking and the lack of non-public keys and passwords.
The online asset worth of EBTC and EETH models is calculated by multiplying the coin entitlement of each unit by the value of underlying cryptocurrency as measured by CryptoCompare at 3pm Central European Time, transformed into Australian {dollars}.
Press Contacts:
Arielle Sobel
press@21shares.com
Simrita Virk
Shed Join
simrita.virk@shedconnect.com
About 21Shares:
21Shares takes innovation to the subsequent stage with the most important suite of cryptocurrency exchange-traded merchandise (ETPs) on this planet. In 2018 it pioneered the world’s first cryptocurrency index itemizing on the SIX Swiss Alternate, and it continues powering its cryptocurrency franchise with cutting-edge analysis and groundbreaking approaches to product technique. 21Shares goals to supply all buyers with a simple, safe, and controlled method to purchase, promote, and quick cryptocurrency by means of present financial institution and brokerage accounts. 21Shares is a Swiss firm registered in Zug, Switzerland with workplaces in Zurich and New York Metropolis. For extra data, please go to www.21shares.com.
Disclaimer:
This doc is communicated by Shed Join on behalf of ETFS Administration (AUS) Restricted (ETFS)(AFSL: 466 778). In no way is that this doc for use or thought-about as a proposal to promote, or a solicitation of a proposal to purchase, any securities, investments or different monetary devices and any investments ought to solely be made on the premise of the related product disclosure assertion which must be thought-about by any potential investor together with any dangers recognized therein.
This doc doesn’t keep in mind your private wants and monetary circumstances. It is best to search unbiased monetary, authorized, tax and different related recommendation having regard to your specific circumstances. Though we use affordable efforts to acquire dependable, complete data, we make no illustration and provides no guarantee that it’s correct or full.
Investments in any product issued by ETFS are topic to funding danger, together with doable delays in compensation and lack of earnings and principal invested. Neither ETFS, ETFS Capital Restricted nor another member of the ETFS Capital Group ensures the efficiency of any merchandise issued by ETFS or the compensation of capital or any specific charge of return therefrom.
The worth or return of an funding will fluctuate and investor could lose some or all of their funding. Previous efficiency shouldn’t be a sign of future efficiency.
This doc has been ready by ETFS from sources which ETFS believes to be appropriate. Nevertheless, none of ETFS, ETFS Capital Restricted, 21Shares nor another member of the ETFS Capital Group, nor any third get together provider of any information or index (together with CC Information Ltd), nor any of their respective administrators, staff or brokers make any illustration or guarantee as to, or assume any accountability for the accuracy or completeness of, or any errors or omissions in, any data or assertion of opinion contained on this doc or in any accompanying, earlier or subsequent materials or presentation. To the utmost extent permitted by legislation, ETFS, CC Information Ltd and every of these individuals disclaim all any accountability or legal responsibility for any loss or harm which can be suffered by any individual relying upon any data contained in, or any omissions from, this doc.
CryptoCompare’s Crypto Coin Comparability Aggregated Index (“CCCAGG”) is used with the permission of CC Information Ltd and has been licensed to be used by ETFS Administration (AUS) Restricted (“ETFS”) in reference to the EBTC (the “Product”). Neither ETFS nor the Product, as relevant, is sponsored, endorsed, offered or Promoted CC Information Ltd. CC Information Ltd make no representations or warranties concerning the advisability of investing within the Product. Previous efficiency of a Product shouldn’t be an indicator of or a assure of future outcomes. YOUR USE OF CCCAGG, AND ANY INFORMATION INCLUDED IN, RELATED TO, OR DERIVED THEREFROM, IS AT YOUR OWN RISK. CC DATA LTD MAKES THE CCCAGG AVAILABLE ON AN “AS IS” BASIS AND EXCLUDES ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE.
Disclaimer:
This doc shouldn’t be a proposal to promote or a solicitation of a proposal to purchase or subscribe for securities of 21Shares AG. Neither this doc nor something contained herein shall type the premise of, or be relied upon in reference to, any supply or dedication in any way in any jurisdiction. This doc constitutes commercial throughout the that means of the Swiss Monetary Companies Act and never a prospectus. This doc and the data contained herein will not be for distribution in or into (straight or not directly) america, Canada, Australia or Japan or another jurisdiction through which the distribution or launch could be illegal. This doc doesn’t represent a proposal of securities to promote or a solicitation of a proposal to buy in or into america, Canada, Australia, or Japan. The securities of 21Shares AG to which these supplies relate haven’t been and won’t be registered underneath america Securities Act of 1933, as amended (the “Securities Act”), and might not be provided or offered 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 price 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 (iii) individuals who fall inside Article 43(2) of the Order, together with present members and collectors of the Firm or (iv) another 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, supply or settlement to subscribe, buy or in any other case purchase such securities will probably be engaged in solely with, related individuals. Any one that shouldn’t 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 France, Germany, Italy, Austria, Belgium, Croatia, Czech Republic, Denmark, Finland, Hungary, Eire, Luxembourg, Malta, Netherlands, Norway, Poland, Romania, Slovakia, Spain, Lichtenstein) 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 buyers in that Member State throughout the that means of the Prospectus Regulation. Solely for potential buyers in France, Germany, Italy, Austria, Belgium, Croatia, Czech Republic, Denmark, Finland, Hungary, Eire, Luxembourg, Malta, Netherlands, Norway, Poland, Romania, Slovakia, Spain, Liechtenstein the 2021 Base Prospectus (EU) is made accessible on the Issuer’s web site underneath www.21Shares.com. The approval of the 2021 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 buyers ought to learn the 2021 Base Prospectus (EU) and the related Closing Phrases earlier than investing determination with a purpose to perceive the potential dangers related to the choice to put money into the securities.
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