Swiss crypto ETP issuer passes $1B assets under management
Swiss crypto ETP issuer 21Shares has increased its managed crypto ETP assets from $500 million to $1 billion in less than two weeks. 21Shares, a Switzerland-based provider of cryptocurrency exchange-traded products, or ETPs, has recorded a 100% growth in assets under management over the past two weeks.The company announced Monday that 21Shares has passed the $1 billion mark in AUM across its diversified 12 crypto asset ETPs. 21Shares CEO Hany Rashwan said that the company has seen a meteoric rise in its crypto ETP products recently, doubling AUM in less than two weeks. The company....
Related News
Zurich-based private and investment banking firm Vontobel has become the first Swiss issuer to offer a tracker certificate on bitcoin. Global private and investment banking institution Vontobel will become the first Swiss issuer to offer a bitcoin tracker certificate for subscription. Based on a classic tracker certificate (SSPA: 1300), the newly announced certificate on Bitcoin in USD will enable investors with a more streamlined, efficient way to invest in bitcoin. For the first time, investors in Switzerland can participate in bitcoin price development against the USD, as a result of....
A product has just been launched which enables Swiss investors who expect a positive development in the Bitcoin price to trade transparently on the SIX Swiss Exchange for the first time. This is from the Swiss bank Vontobel who manage and monitor a client’s assets entrusted to it. It also observes the financial markets and interprets global macroeconomic developments, as it becomes the first Swiss issuer of a tracker certificate on Bitcoins for subscription. The Vontobel certificate on Bitcoin in USD is a classic tracker certificate (SSPA: 1300) which offers investors a simple means of....
Giant Swiss bank UBS is planning to investigate blockchain technology in a new innovation lab based in London, FInextra reports. The innovation lab, located in Level39's high growth space, HighGrowth:42, will explore the role of blockchain technology in financial services. UBS, a Swiss global financial services company with its headquarters in Basel and Zürich, Switzerland, provides investment banking, asset management and wealth management services for private, corporate, and institutional clients worldwide. Operating in more than 50 countries with about 60,000 employees around the world,....
Digital asset manager CoinShares is listing its second cryptocurrency exchange-traded product on the SIX Swiss Exchange. Major European digital asset manager CoinShares is expanding its product portfolio with a new physically-backed Ether (ETH) exchange-traded product, or ETP.Called CoinShares Physical Ethereum (ETHE), the new investment product is launching with around $75 million in assets under management. Announcing the news Wednesday, CoinShares said that each unit of ETHE is backed with 0.03 ETH at launch.The news comes shortly after CoinShares launched its first cryptocurrency ETP,....
On July 12 the Switzerland-based private bank Falcon Group announced the bank will offer bitcoin asset management for their customers. Through a partnership with Bitcoin Suisse AG, the bank’s clients will be able to purchase and store the decentralized currency using their account funds. Falcon Group Becomes the First Swiss Private Bank to Offer XBT/BTC....