21Shares has seen its suite of crypto ETPs break through $500m assets under management (AUM) amid a surge in performance and increasing institutional demand for alternative currencies.
The issuer listed its first physically replicated, fully collateralised crypto ETP basket in November 2018, starting with $5m in assets. Little over two years on, the same product now boats $77m AUM.
21Shares said that its products offer investors a safe and liquid exposure to a range of crypto offerings. The company now has a total of 12 products listed on European exchanges and intends to continue innovating and improving investor access to the crypto asset class.
Hany Rashwan (pictured), CEO of 21Shares, commented: “It took others in the market almost two years to catch up with our innovative concept. While they have been focused on the issues we solved two years ago, we have continued to innovate and construct ever more advanced products such as the first inverse bitcoin ETP which is also centrally cleared for the benefit of institutional investors.
“We remain ahead and operate on a very different curve than any of the other contenders in the crypto space for institutional products because of our depth of knowledge in both the crypto asset and ETP spaces.”
The firm plans to launch two or three additional strategies in the coming months with Rashwan adding these will demonstrate how blockchain protocols can be used to capture higher returns.
Last week, the firm announced the launch of the world’s first polkadot ETP, the 21Shares Polkadot ETP (ADOT), which has amassed $9m AUM, as at 11 February.