21Shares, known as the top issuer of crypto exchange-traded products (ETPs) globally, has made a bold move into the UK financial market. Today, the company has announced the listing of four new physically backed crypto-asset exchange traded notes (ETNs) on the London Stock Exchange, specifically designed for professional investors.
This strategic expansion not only extends 21Shares’ reach geographically but also introduces its innovative investment products to one of the world’s most prominent financial centers. The launch of ETNs in the UK by 21Shares comes at a time when the Financial Conduct Authority (FCA) has updated its regulatory framework to allow professional investors to access Bitcoin and Ethereum-backed ETNs.
The dual listing in both GBP and USD formats aims to offer flexible investment options within the UK’s evolving crypto regulatory landscape, marking a significant milestone in 21Shares’ mission to connect traditional finance with the crypto economy.
Navigating New Markets: 21Shares’ Impact on Global Crypto Finance
The launch signifies more than just entering a new market; it is part of 21Shares’ ongoing global expansion. Established in 2018, the firm was the first to introduce a physically-backed crypto ETN, setting a standard in the crypto investment sphere. Already listed on major exchanges worldwide, including Nasdaq OMX, Euronext in Paris and Amsterdam, Deutsche Börse Xetra, and SIX Swiss Exchange, 21Shares continues to cater to the growing demand for digital assets.
Ophelia Snyder, co-founder of 21Shares, emphasized the strategic significance of the UK market, highlighting its depth and liquidity as essential for institutional investors interested in cryptocurrencies. London’s robust capital markets provide an ideal platform for offering well-structured, regulated funds that grant secure access to the growing crypto market. With over 40 ETNs listed across 11 different stock exchanges, 21Shares aims to lead the way in providing innovative financial products in stable and regulated environments.
Looking Ahead: The Future of Decentralized Finance
Hany Rashwan, co-founder of 21Shares, underlined the enduring nature of cryptocurrencies and their role in a decentralized global financial system. He noted the increasing recognition of crypto’s potential among institutional investors, driving the demand for diversified crypto investment products. Rashwan expressed optimism about the evolving regulatory landscape and the company’s dedication to supporting sector growth by meeting this rising demand.
21Shares offers a wide range of cryptocurrency ETNs, including seven diversified index ETNs for exposure to a basket of leading cryptocurrencies, and five staking ETNs for returns through staking. Additionally, the firm provides two inverse ETNs designed to profit from declines in cryptocurrency prices.
This diverse product suite forms part of 21Shares’ strategy to make cryptocurrency investment accessible through traditional financial systems and to assist investors in navigating the complex yet potentially rewarding landscape of digital assets. As 21Shares expands its offerings in the UK, the focus remains on enhancing product accessibility and ensuring compliance with local regulations, paving the way for more secure and transparent cryptocurrency investment avenues.