21Shares Launches Three New Crypto ETPs on BX Swiss Stock Exchange

21Shares AG, a Swiss-based fintech firm, announced the listing of three new cryptocurrency ETPs (Exchange Traded Notes) on the BX Swiss stock exchange to allow investors to invest in Aave, Chainlink and Uniswap, respectively as the underlying assets. The company has listed three new crypto ETPs including CH1135202120 (Ticker: AAVE BW), CH1100083471 (Ticker: LINK BW), and CH1135202096 (Ticker: AUNI BW) on the BX Swiss exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term to offer physically-backed and unleveraged exposure to their underlying cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term.

The three investment products are available to institutional and retail investors via licensed banks and brokers. Such crypto ETPs provide investors with easy and safe access to the underlying crypto assets and enable them to diversify their investment portfolios with digital assets.

Hany Rashwan, the CEO and Co-Founder of 21Shares, mentioned: “Today’s launch increases accessibility for investors and allows them to easily be part of the unique, innovative and fast-growing crypto ecosystem. This is another exciting addition for us as we continue to expand our massive product suite.”

Since Q2 of 2021, the global inflows into crypto exchange-traded products have achieved significant growth and traction. As of November last year, the cumulative flows for global crypto ETPs stood at about $5 billion, which is up from virtually nothing two years ago. Investors have shown interest in investing in crypto assets. As a result, ETPs have become common routes that investors are increasingly using to gain convenient and safe access to this asset class.