UK launch to comply with current profitable debut on Euronext Paris and Amsterdam
London | Zurich – 7 June 2021 – 21Shares, the Swiss pioneering Crypto ETP issuer, at this time introduced that one of many first cryptocurrency change traded merchandise (‘ETPs’) will turn into out there to institutional buyers within the UK to commerce on Aquis Exchange. This association is in partnership with GHCO, a number one market-maker and liquidity supplier specialising in ETFs.
The 21Shares Bitcoin ETP (ABTC) will turn into out there on Aquis Exchange, a pan-European MTF enterprise primarily based in London and Paris which presents buying and selling in a number of the largest and most liquid shares throughout 15 European markets. The ETP will likely be centrally cleared (CCP) and is engineered like an ETF. ETPs commerce on exchanges in an analogous method to a listed inventory and institutional buyers within the UK will get publicity to Bitcoin through a regulated framework and construction which they’re already accustomed to.
The ETP has been designed to supply institutional UK buyers with safe and cost-effective publicity to Bitcoin with out the related Bitcoin custody and safety challenges. One unit of 21Shares Bitcoin ETP represents publicity to roughly 0.00035 Bitcoin entitlement.
GHCO, an Authorised Participant (AP) for the 21Shares product, will act because the liquidity supplier for the Bitcoin ETP, which means that institutional buyers may have entry to ample liquidity as simply because the underlying asset. GHCO has been actively buying and selling ETFs and lately began quoting crypto ETPs. It has an unrivalled monitor document in quoting the tightest spreads, a key demand for institutional buyers.
21Shares is the biggest cryptocurrency ETP issuer on this planet, with over $1.5bn in AUM throughout 14 ETPs out there on a number of European inventory exchanges. The UK launch follows over two years of profitable testing and launching of cryptocurrency ETPs by 21Shares for institutional buyers in Germany, Switzerland, France, Austria and the Netherlands.
21Shares and Aquis Exchange plan to cooperate on bringing extra of 21Shares’ suite of institutional cryptocurrency merchandise to institutional buyers within the UK, together with ETPs in different outstanding cryptocurrencies resembling Ethereum, Ripple, Tezos, Polkadot, Cardano and Stellar.
Hany Rashwan, CEO of 21Shares mentioned: “This is the proper time to deliver our profitable crypto ETP to the institutional UK market. Our robust monitor document and current institutional attain throughout continental Europe signifies that buyers can confidently acquire publicity to Bitcoin through a liquid and traditional funding product.”
Dan Izzo, CEO of GHCO, added: “ETPs are a key growth for investing in crypto belongings because it matures as an asset class. We anticipate extra demand for this dependable, easily-accessible infrastructure with deep swimming pools of liquidity – liquidity that we’re blissful to facilitate.”
Alasdair Haynes, CEO of Aquis Exchange concluded: “We have been working alongside 21Shares on this undertaking as we’re eager to reply to institutional demand within the UK for digital belongings.”
21Shares Bitcoin ETP will likely be out there on Aquis Exchange for skilled buyers solely. The forthcoming UK launch is anticipated to happen this summer season and follows current profitable debuts on Euronext Paris and Amsterdam on 1st June.
ISIN : CH0454664001 – ABTC – 21Shares Bitcoin ETP (man. charges 1.49%) in USD & GBP
21Shares makes investing in crypto belongings as straightforward as shopping for shares utilizing your standard dealer or financial institution. Investors can put money into cryptocurrencies utilizing a traditional ETP construction (or tracker) simply, with whole confidence and safety and cost-effectively because of the 21Shares suite of ETPs now composed of 14 Crypto ETPs : the 21Shares Crypto Basket Index ETP (HODL:SW), 21Shares Bitcoin (ABTC:SW | 21XB:GY), 21Shares Ethereum (AETH:SW), 21Shares XRP (AXRP:SW | 21XX:GR), 21Shares Bitcoin Cash ETP (ABCH:SW), 21Shares Binance ETP (ABNB:SW), 21Shares Tezos ETP (AXTZ:SW), 21shares Bitcoin Suisse ETP (ABBA:SW), 21Shares Bitwise 10 ETP (KEYS:SW), Sygnum Platform Winners Index ETP (MOON:SW), 21Shares Short Bitcoin ETP (SBTC:SW | 21XS:GY), 21Shares Polkadot ETP (ADOT:SW | PDOT:GR), 21Shares Stellar ETP (AXLM SW | XLME GR) and 21Shares Cardano ETP (AADA SW | DADA GR). The complete suite is listed on a regulated framework on the official market of Deutsche Boerse, SIX Swiss Exchange, BX Swiss and a few on Börse Stuttgart in CHF, USD, GBP and EUR respectively. Founded in 2018, 21Shares is led by a workforce of gifted serial entrepreneurs and skilled banking professionals from the know-how and monetary world. Incorporated in Zug, with workplaces in Zurich and New York, the corporate has launched a number of world firsts, together with the primary listed crypto basket index (HODL) ETP in November 2018. 21Shares has 14 crypto ETPs listed at this time and has over $1.5 Bn in AuM in whole listed merchandise.
GHCO is likely one of the fastest-growing liquidity suppliers specialising in change traded funds. It strives to make ETFs accessible in each market worldwide with a deal with clever algorithmic buying and selling, tight spreads, dependable presence and the experience to cost a variety of merchandise.
With workplaces within the UK and US, GHCO is a market maker on and off all main European exchanges. Throughout a single buying and selling day, GHCO quotes 1000’s of merchandise and helps asset managers to deliver even essentially the most area of interest and esoteric merchandise to market.
For extra data, please go to: www.ghco.co.uk
About Aquis Exchange
Aquis Exchange PLC is an change providers group, which operates pan-European money equities buying and selling companies (Aquis Exchange), progress and controlled major markets (Aquis Stock Exchange/AQSE) and develops/licenses change software program to 3rd events (Aquis Technologies).
Aquis Exchange is authorised and controlled by the UK Financial Conduct Authority and France’s Autorité des Marchés Financiers to function Multilateral Trading Facility companies within the UK and in EU27 respectively. Aquis operates a lit order e-book and doesn’t permit aggressive non-client proprietary buying and selling, which has resulted in decrease toxicity and signalling danger on Aquis than different buying and selling venues in Europe. According to unbiased research, trades on Aquis are much less more likely to result in worth motion than on different lit markets. Aquis makes use of a subscription pricing mannequin which works by charging customers in keeping with the message site visitors they generate, somewhat than a proportion of the worth of every inventory that they commerce.
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