21Shares announces listing of a large Mid-Market crypto ETP on SIX
December 14 2021 - 4:52AM
21Shares announces listing of a large Mid-Market crypto ETP on SIX
21Shares AG (“21Shares”), the world’s largest
issuer of cryptocurrency ETPs, today announced the listing of the
largest mid-cap crypto ETP (ISIN: CH1130675676, Ticker: ALTS) on
SIX Swiss Exchange.
Hany Rashwan, CEO 21Shares said: “We are very
excited to launch our first mid-cap crypto index ETP and expand our
product range to 21 total ETPs by the end of 2021. This is an
important milestone in our product roadmap, following the launch of
the world's first crypto ETP on the regulated SIX Swiss Exchange in
Switzerland in 2018.”
The 21Shares Mid-Market ETP (ISIN CH1130675676)
tracks the investment results of an index capturing the mid-cap
portion of the crypto asset market by excluding the two top assets,
which are currently Bitcoin and Ethereum.
- Binance (BNB) is the
cryptocurrency issued by the Binance exchange, the world’s largest
crypto exchange and is used to trade and pay fees on the
exchange.
- Solana (SOL) banks on blockchain technology’s
permissionless nature to provide decentralized finance (DeFi).
- Cardano (ADA) is designed to
be a next-gen evolution of the Ethereum idea — with
a blockchain that’s a flexible, sustainable, and scalable
platform for running smart contracts for decentralized Finance
(DeFi).
- Ripple (XRP) is a payments
settlement system, currency exchange and remittance network that
can process transactions around the world.
- Polkadot (DOT) is an open
source blockchain founded by the Web3 Foundation and acts like a
grid connecting all the blockchains with one another.
- Litcoin (LTC) is a
decentralized peer-to-peer cryptocurrency and one of the first
Bitcoin forks.
- Polygon (POLY) is Ethereum
scaling platform onboarding millions to Web3. Hosting more than
3,000 applications, Polygon has become one of the most popular
full-stack Ethereum scaling solution due to its high speed, low
transaction cost, and network composability.
- Bitcoin Cash (BCH) is a fork of Bitcoin and a
decentralized peer-to-peer electronic cash system.
Underlying Assets, Dec 13,
2021Cryptocurrency |
Weighting |
Quantity per ETP |
Reference Price |
BINANCE COIN |
31.05% |
0.011508 ($6.11) |
$530.64 |
SOLANA |
17.60% |
0.021831 ($3.46) |
$158.53 |
CARDANO |
16.50% |
2.590524 ($3.24) |
$1.25 |
RIPPLE |
14.26% |
3.503294 ($2.80) |
$0.80 |
POLKADOT |
10.00% |
0.073760 ($1.97) |
$26.65 |
LITCOIN |
3.80% |
0.005011 ($0.75) |
$149.14 |
POLYGON |
3.52% |
0.380116 ($0.69) |
$1.82 |
BITCOIN CASH |
3.26% |
0.001480 ($0.64) |
$433.26 |
Jacob Lindberg, CEO and Co-Founder of Vinter added: “Due to the
high market concentration on BTC and ETC the performance
contribution of alternative crypto assets is rather small. The
Vinter 21Shares Crypto Mid-Cap Index is different. The index
selects the top ten crypto assets and then removes the top two -
currently BTC and ETH. Investors are provided with diversified
exposure to mid-cap crypto assets, or altcoins. Today, the index
includes assets like BNB, ADA, and SOL, which outperformed BTC and
ETH during 2021.”
As of December 2021, 21Shares manages more than
$2.9 billion in 21 cryptocurrency ETPs and 83 listings, including
the world’s only ETPs tracking Binance, four Crypto Index Basket
and two ETPs with investor staking rewards (Tezos and Solana). Its
products are listed on nine regulated European and Swiss trading
exchanges.
About 21Shares21Shares takes
innovation to the next level with the largest suite of
cryptocurrency exchange-traded products (ETPs) in the world. In
2018 it pioneered the world’s first cryptocurrency index listing on
the SIX Swiss Exchange, and it continues powering its
cryptocurrency franchise with cutting-edge research and
groundbreaking approaches to product strategy. 21Shares aims to
provide all investors with an easy, secure, and regulated way to
buy, sell, and short cryptocurrency through existing bank and
brokerage accounts. The 21Shares issuance platform, Onyx, is used
by both 21Shares and third parties to issue and operate
cryptocurrency ETPs around the world.
For more information, visit
www.21shares.com.
Media Contact, Paulo Germann,
press@21shares.com, +41 41 562 04 09
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