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The Swiss-based investment product issuer \u2013 21Shares \u2013 listed its first two physically-backed Exchange-Traded Notes (ETNs) on Nasdaq Stockholm. The underlying assets of the financial products are respectively Bitcoin and Ethereum.<\/p>\n
According to a recent press release<\/a>, Nasdaq released a new segment for ETNs, a type of debt securities that track specific assets and trade on a major exchange like a stock. Exchange-Traded Notes are similar to bonds but do not have periodic interest payments.<\/p>\n 21Shares \u2013 a Swiss organization that enables people to invest in various cryptocurrencies through conventional ETPs \u2013 became the first issuer of physically-backed crypto ETNs on Nasdaq Stockholm with Bitcoin (ticker symbol: ABTC) and Ethereum (AETH) as underlying assets.<\/p>\n As of November 2021, 21Shares managed nearly $3 billion in 20 European cryptocurrency exchange-traded products and 82 listings. The CEO \u2013 Hany Rashwan \u2013 commented on the most recent initiative:<\/p>\n \u201cWe are excited to become the first issuer of physically-backed ETNs for Nasdaq Stockholm, one of the most tech-forward global exchanges. Our partnership is a strong endorsement of 21Shares\u2019 mission to make cryptos more accessible in a simple and regulated manner.\u201d<\/p>\n<\/blockquote>\n In 2015, Nasdaq Stockholm became one of the first trading venues to trade exchange-listed products with bitcoin as an underlying asset. Helena Wedin \u2013 European Head of ETPs at the global marketplace \u2013 explained more about ETNs and 21Shares\u2019 move:<\/p>\n \u201cExchange-Traded Notes provide access to alternative investments while maintaining the transparency of a regulated marketplace, and we are happy to launch this new segment at Nasdaq Stockholm with 21Shares as the first issuer.\u201d<\/p>\n<\/blockquote>\n Earlier this year, 21Shares partnered<\/a> with the German online retail platform \u2013 Comdirect \u2013 to bring its cryptocurrency exchange-traded products to the latter\u2019s savings plan program (Spar plan). Following the development, Comdirect\u2019s nearly three million customers were allowed to gain digital asset exposure in their savings accounts.<\/p>\n Rashwan highlighted his firm\u2019s previous endeavors on the German market, saying that 21Shares was the first crypto issuer to list a \u201cfully collateralized, 100% physically-backed bitcoin ETP\u201d on most German exchanges back in 2019.<\/p>\n Marco Infuso \u2013 Managing Director of Business Development of the DACH region (the countries of Germany, Austria, and Switzerland) \u2013 described this collaboration as a \u201cmilestone in democratization crypto investments.\u201d In his opinion, many investors have been considering purchasing BTC, but until now, they did not have the proper investment tools to store the asset in a savings plan.<\/p>\n PrimeXBT Special Offer: Use this link<\/a> to register & enter POTATO50 code to get 50% free bonus on any deposit up to $1750.<\/b><\/p>\n<\/div>\n<\/div>\n <\/p><\/div>\n\n
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21Shares Offers Crypto ETPs for Saving Accounts<\/h2>\n
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