Home Crypto 21Shares Launches The World’s First Polkadot ETP

21Shares Launches The World’s First Polkadot ETP

Zurich2 February 2021 – 21Shares AG, the pioneering issuer of crypto Exchange Traded Products (ETPs) is launching the world’s first Polkadot ETP (ADOT SW – CH0593331561 – PDOT) “DOT ETP” on the regulated section of the Swiss inventory alternate (SIX Exchange) on Thursday February 4th, 2021. Last Friday, Polkadot was admitted by the Index Provider to the 21Shares HODL basket ETP as second-largest constituent after Bitcoin (BCH being eliminated) and as such,  makes it’s the excellent timing so as to add a further single asset ETP to the already big selection of crypto ETPs 21Shares presents.

“We stay dedicated to the unprecedented demand we’re seeing from institutional buyers wanting publicity to crypto-assets and 21Shares stays forward of the curve for delivering revolutionary but easy monetary merchandise in the marketplace. Our experience and expertise mirror the clear benefit we’ve got over different market contributors” Hany Rashwan, CEO 21Shares AG, says. “After buyers buy their first Bitcoins by our ETPs, there’s a pure transition to put money into different crypto belongings. We have persistently delivered a spread of merchandise during the last two years demonstrating our stronghold within the D-A-CH area. European buyers are approaching us to launch new merchandise primarily based on different key crypto belongings to allow them quick access with out the necessity for a non-public key or unregulated wallets and exchanges. We profit from trusted companions for the liquidity provision and upon continued institutional demand, we’re launching the DOT ETP to offer buyers a protected, regulated, and simple solution to receive publicity to this thrilling new blockchain expertise. In the subsequent 3 months, we goal so as to add 2 to three extra revolutionary ETPs in addition to new European alternate listings. No different issuer on this trade enjoys such a variety of crypto ETPs and on so many European exchanges’ regulated segments.”

Polkadot serves as a blockchain of blockchains, permitting in any other case impartial blockchains to speak with one another, share security measures, and switch belongings freely amongst themselves. The DOT token is the native token of the Polkadot community. It serves a few important roles within the system: It is designed to take part in governance selections, together with tabling proposals and voting. In addition, it’s used as an digital cost system. With its market capitalization at present standing at over $16.8 billion, the DOT token now surpasses that of XRP by over $4 billion and has attained the standing of the third-largest cryptocurrency. Though the recognition of the DOT token has elevated considerably over the previous months, it’s nonetheless not straightforward for non-technical customers to purchase and maintain and work together with it. The DOT ETP lowers the obstacles to entry for newcomers to the crypto asset trade and permits a a lot wider viewers to have the ability to take part in its growth.

The launch is available in mild of the current surge in curiosity for this asset class. 21Shares AG has seen a 5-fold enhance in demand throughout its suite of crypto ETPs since Q3 2020. This relies on the quantity of latest inflows into the ETPs. That demand got here primarily from institutional buyers who’ve most well-liked an institutional-grade ETP versus different buildings at present accessible in the marketplace.

The DOT ETP will enable shoppers to take a position, diversify by its varied ETPs, and acquire publicity to the multi-chain utility atmosphere that allows cross-chain interoperability on a degree beforehand not potential by way of their conventional dealer or financial institution. The ETP construction implies that the product advantages from 100% bodily collateralization. Each share is totally collateralized by the corresponding quantity of bodily DOT tokens. In addition, on alternate liquidity provision is assured by our present ETP market markets who’ve supported us since inception again in November 2018. This permits much more conservative establishments to securely maintain this asset class by way of an Exchange Traded Product.

SWISS SIX  : 21Shares Polkadot ETP | CH0593331561 | WKN A3GPQM | ADOT SW  in USD | German Ticker PDOT

About 21Shares 

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 standard ETP construction (or tracker) simply, with whole confidence and safety and cost-effectively due to the 21Shares suite of ETPs now composed of 12 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). 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 proficient serial entrepreneurs and skilled banking professionals from the expertise and monetary world. Incorporated in Zug, with places of work 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 12 crypto ETPs listed right now and has over $445 million in AuM in whole listed merchandise.

Press Contact             Laurent Kssis +41 44 260 8660 press@21Shares.com


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