For the first time, a Swiss company is offering investors access to 25 crypto ETPs on the leading Swiss exchange SIX. 21Shares AG, the world’s largest issuer of cryptocurrency ETPs, is now listing two additional ETPs on the SIX Swiss Exchange.
These are the new crypto index 21Shares Crypto Basket Equal Weight ETP (ticker: HODLV) and the 21Shares Crypto Basket 10 ETP (ticker: HODLX). This brings the ETP provider’s total number of SIX-listed products to 25 and once again underscores its leadership in crypto ETP development. Jane Street is providing the seed capital and acting as an authorized participant for these two products.
The new crypto ETPs on the SIX Swiss Exchange
The 21Shares Crypto Basket Equal Weight ETP (HODLV) is a rules-based passive ETP built on the Vinter 21Shares “HODLV Index”. The HODLV Index tracks the top five eligible crypto assets with equal weighting and is re-evaluated quarterly.
The 21Shares Crypto Basket Index 10 ETP (HODLX) is a rules-based passive ETP built on the Vinter 21Shares “HODLX Index”. The HODLX Index represents the top ten permitted cryptocurrencies based on their current market capitalization and is re-evaluated quarterly.
A total of 25 crypto ETPs in Switzerland
Investors with a buy-and-hold strategy benefit from diversified crypto exposure and the ease of buying the ETPs through a bank or broker on the SIX Swiss Exchange. The underlying assets are 100 percent backed by cryptocurrencies, which in turn are physically stored safely in cold storage.
“We are delighted to be able to offer two more crypto index ETPs in Switzerland. This both illustrates our commitment to our home market and our mission to provide investors with secure access to crypto assets on regulated exchanges.” – Hany Rashwan, co-founder and CEO of 21Shares
Currently, 21Shares manages more than $1.8 billion in now 25 cryptocurrency ETPs with 79 listings, including the world’s only ETPs tracking Binance and Ethereum, Tezos, the Crypto Index Basket and, most recently, Cardano. The products are listed on eight regulated EU and Swiss trading venues.