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

Disclaimer

This doc and the data contained herein usually are not for distribution in or into (immediately or not directly) the United States, Canada, Australia or Japan or every other jurisdiction through which the distribution or launch can be illegal. This doc doesn’t represent a proposal of securities on the market in or into the United States, Canada, Australia or Japan. This doc doesn’t represent a proposal to promote, or a solicitation of a proposal to buy, any securities within the United States. The securities of 21Shares AG to which these supplies relate haven’t been and won’t be registered beneath the United States Securities Act of 1933, as amended (the “Securities Act”), and might not be supplied or offered within the United States absent registration or an relevant exemption from, or in a transaction not topic to, the registration necessities of the Securities Act. There won’t be a public providing of securities within the United States.This doc is simply being distributed to and is simply directed at: (i) to funding professionals falling inside Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (ii) excessive web price entities, and different individuals to whom it could lawfully be communicated, falling inside Article 49(2)(a) to (d) of the Order (all such individuals collectively being known as “related individuals”); or (iv) individuals who fall inside Article 43(2) of the Order, together with present members and collectors of the Company or (v) every other individuals to whom this doc will be lawfully distributed in circumstances the place part 21(1) of the FSMA doesn’t apply. The Securities are solely accessible to, and any invitation, provide or settlement to subscribe, buy or in any other case purchase such securities will likely be engaged in solely with, related individuals. Any one who isn’t a related particular person mustn’t act or depend on this doc or any of its contents. In any EEA Member State (apart from the Austria, Belgium, Denmark, Finland, France, Germany, Great Britain, Ireland, Italy, Luxembourg, Malta, the Netherlands, Norway, Spain and Sweden) that has carried out the Prospectus Regulation (EU) 2017/1129, along with any relevant implementing measures in any Member State, the “Prospectus Regulation”) this communication is simply addressed to and is simply directed at certified buyers in that Member State throughout the which means of the Prospectus Regulation. Exclusively for potential buyers in Austria, Belgium, Denmark, Finland, France, Germany, Great Britain, Ireland, Italy, Luxembourg, Malta, the Netherlands, Norway, Spain and Sweden the 2019 Base Prospectus (EU) is made accessible on the Issuer’s web site beneath www.21Shares.com. The approval of the 2019 Base Prospectus (EU) shouldn’t be understood as an endorsement by the SFSA of the securities supplied or admitted to buying and selling on a regulated market. Eligible potential buyers ought to learn the 2019 Base Prospectus (EU) and the related Final Terms earlier than investing determination with a view to perceive the potential dangers related to the choice to put money into the securities. You are about to buy a product that isn’t easy and could also be obscure. This doc isn’t a proposal to promote or a solicitation of a proposal to purchase or subscribe for securities of 21Shares AG. Neither this doc nor something contained herein shall type the premise of, or be relied upon in reference to, any provide or dedication in anyway in any jurisdiction. This doc constitutes commercial throughout the which means of the Swiss Financial Services Act and never a prospectus. Copies of the present Base Prospectus dated 13 November 2020 can be found freed from cost from the web site of the Issuer. Subject to relevant securities legal guidelines, the Base Prospectus and the ultimate phrases of any product talked about herein will be obtained from 21Shares AG on the web site. Copies of this doc might not be despatched to jurisdictions, or distributed in or despatched from jurisdictions, through which that is barred or prohibited by regulation. The data contained herein doesn’t represent a proposal to promote or the solicitation of a proposal to purchase, in any jurisdiction through which such provide or solicitation can be illegal previous to registration, exemption from registration or qualification beneath the securities legal guidelines of any jurisdiction.

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