21Shares AG, a Switzerland-based cryptocurrency ETP issuer, introduced in the present day that the corporate will launch a Bitcoin exchange-traded product (ETP) on the Aquis Trade.
In keeping with an official press release, UK-based institutional traders will be capable to commerce the Bitcoin ETP on Aquis Trade. For the newest launch, 21Shares has collaborated with GHCO, a widely known ETF liquidity supplier.
21Shares is likely one of the main cryptocurrency ETP issuers around the globe. In February 2021, the Swiss agency crossed $1 billion in cryptocurrency property beneath administration for the primary time. In keeping with the newest information printed by the corporate, 21Shares now has greater than $1.5 billion in property beneath administration throughout 14 exchange-traded merchandise.
Commenting on the newest announcement, Hany Rashwan, CEO of 21Shares, mentioned: “That is the correct time to convey our profitable crypto ETP to the institutional UK market. Our robust observe report and current institutional attain throughout continental Europe signifies that traders can confidently achieve publicity to Bitcoin through a liquid and standard funding product.”
21Shares goals to offer UK-based institutional traders with a safe and cost-effective publicity to the world’s largest cryptocurrency. The corporate talked about that the only unit of 21Shares Bitcoin ETP represents publicity to just about 0.00035 Bitcoin entitlement.
Liquidity for Bitcoin ETP
GHCO will act as a liquidity supplier for the newest Bitcoin ETP. The corporate has in depth expertise within the ETF trade. “ETPs are a key improvement for investing in crypto property because it matures as an asset class. We count on extra demand for this dependable, simply accessible infrastructure with deep swimming pools of liquidity, liquidity that we’re glad to facilitate,” Dan Izzo, CEO of GHCO, mentioned within the official announcement.
21Shares talked about that the corporate is planning to broaden its partnership with Aquis Trade to extend its cryptocurrency choices for institutional traders within the UK. The corporate is planning to launch ETPs of a number of different cryptocurrency property together with Ethereum, Ripple, Tezos, Polkadot, Cardano and Stellar.