21Shares AG’s Exchange Traded Products (ETPs) reached new record on and off exchange volumes on Wednesday, 19 May, 2021.
With more than USD110 million in 21Shares’s ETPs changing hands on a single day with significant market volatility, it had the highest volume traded on the Zurich Six Exchange where the Issuer reached close to USD2 billion in Assets under Management early in the week as cryptocurrency markets reached market capitalisation as high as USD2.5 trillion in very volatile conditions.
These record highs marked a new milestone for 21Shares. The previous record high was in February 2021 with USD52 million traded on a single day. 21Shares faced several larger than normal primary orders during that period of volatility where its primary market team had no hesitation in processing higher than usual orders with its Authorised Participants (AP), subsequently resulting in no delays and concerns as well as no tracking errors for its listed ETPs. On its own, this is a test that 21Shares’ processes and systems function seamlessly and clients will feel no trading interrupting despite these tricky conditions.
Ethereum exposure under the AETH investment ETP continues to see net inflows and is by far the most notable ETP AuM growth and stands currently as the second highest product in its range of ETPs. This reflects increased investor interest in a wider range of digital assets beyond just bitcoin as 21Shares remains the only issuer with such a large range of crypto ETPs and growing levels of participation in this market.
Hany Rashwan, CEO of 21Shares, says: “These impressive volumes demonstrate the quality of our ETPs which since we launched the 1st crypto basket in November 2018 and subsequent bitcoin ETP, 21Shares continues to operate seamlessly in the primary and secondary markets even during the most volatile periods. This reflect on the trust in our institutional based clients in allocating more exposure to our open ended products during difficult market conditions.”
21Shares is celebrating close to 3 years of successful operation and during this time has set the standard for quality and transparency offered to investors to which it has achieved several first milestones:
November 2018 : 21Shares lists the world’s first crypto basket ETP in the Swiss SIX Exchange
February 2019 : 21Shares lists the first open ended bitcoin ETP in Europe
June 2019 : 21Shares lists the first white-label ETP in conjunction with Bitwise
Oct/Nov 2019 : 21Shares lists the first white-label BMR approved ETPs in collaboration with Bitcoin Suisse and Sygnum Bank under the ticker ABBA and MOON
March 2020 : 21Shares is awarded Most Innovative Crypto Product by ADVFN in London
July 2020 : 21Shares lists the centrally cleared bitcoin ETP on the Frankfurt regulated exchange Xetra and subsequently dual-list the first short bitcoin ETP on the same venue thereafter
November 2020 : Surpassed USD150 in AuM after record inflows
February 2021 : Surpassed USD1 billion in AuM and launches the first Polkadot ETP on the Swiss SIX exchange
April 2021 : Reaches close to USD2 billion in AuM after an active trading quarter