ETF Securities and 21Shares are partnering to launch Australian bitcoin and Ethereum ETFs and a blockchain research and education centre.
The firms writes that, subject to regulatory approvals, the ETFS 21Shares Bitcoin ETF (EBTC) and ETFS 21Shares Ethereum ETF (EETH) will provide Australians with a way to invest in bitcoin and Ether, via funds operated by ETF Securities.
Zurich-based 21Shares currently has almost USD3 billion in assets under management inside its 20 European crypto ETPs and total 80 listings. The firm writes that it has managed bitcoin and Ethereum ETPs for almost three years and created the world’s first physically backed crypto ETP in 2018.
Graham Tuckwell, Executive Chairman, ETF Securities Australia says: “Once we had decided to build a range of crypto ETFs for the Australian market, there was only one partner we wanted to work with and that’s 21Shares. They are the cutting edge of crypto ETPs in the world today.”
The research and education centre will build on 21Shares research, which, the firm writes, is some of the most comprehensive in the world.
“It covers a vast range of different cryptocurrencies and blockchains. This includes famous cryptocurrencies like Bitcoin and Ether, but also lesser-known but faster-growing cryptos like Solana, Polygon or Avalanche,” the firm writes.
“The research centre will explain in simple English how the often-complicated world of blockchain works. It will also feature the bleeding edge news on crypto, various blockchain metrics, price action and important news on miners, custodians and other companies in the supply chain.”
Hany Rashwan, CEO, 21Shares says: “We are excited to partner with ETF Securities Australia to launch crypto ETFs for Australian investors. This partnership is an opportunity to combine our expertise to provide the simplest and most transparent way to access the best performing asset class of the last 10 years.”
