UK commence to employ contemporary successful debut on Euronext Paris and Amsterdam
London | Zurich – 7 June 2021 – 21Shares, the Swiss pioneering Crypto ETP issuer, currently announced that some of the main cryptocurrency substitute traded merchandise (‘ETPs’) will turned into readily in the market to institutional investors in the UK to trade on Aquis Swap. This draw is in partnership with GHCO, a number one market-maker and liquidity provider specialising in ETFs.
The 21Shares Bitcoin ETP (ABTC) will turned into readily in the market on Aquis Swap, a pan-European MTF enterprise basically basically based in London and Paris which provides trading in some of the finest and most liquid stocks across 15 European markets. The ETP will most likely be centrally cleared (CCP) and is engineered bask in an ETF. ETPs trade on exchanges in a identical manner to a listed inventory and institutional investors in the UK will find exposure to Bitcoin by technique of a regulated framework and construction which they are already accustomed to.
The ETP has been designed to make institutional UK investors with find and price-efficient exposure to Bitcoin without the associated Bitcoin custody and security challenges. One unit of 21Shares Bitcoin ETP represents exposure to roughly 0.00035 Bitcoin entitlement.
GHCO, an Permitted Participant (AP) for the 21Shares product, will act because the liquidity provider for the Bitcoin ETP, which methodology that institutional investors can have find entry to to mammoth liquidity as without concerns because the underlying asset. GHCO has been actively trading ETFs and now now not too long previously started quoting crypto ETPs. It has an unrivalled song file in quoting the tightest spreads, a key anticipate for institutional investors.
21Shares is the biggest cryptocurrency ETP issuer on this planet, with over $1.5bn in AUM across 14 ETPs readily in the market on quite a bit of European inventory exchanges. The UK commence follows over two years of successful testing and launching of cryptocurrency ETPs by 21Shares for institutional investors in Germany, Switzerland, France, Austria and the Netherlands.
21Shares and Aquis Swap plan to cooperate on bringing extra of 21Shares’ suite of institutional cryptocurrency merchandise to institutional investors in the UK, along side ETPs in other infamous cryptocurrencies equivalent to Ethereum, Ripple, Tezos, Polkadot, Cardano and Stellar.
Hany Rashwan, CEO of 21Shares acknowledged: “Here’s the actual time to mutter our successful crypto ETP to the institutional UK market. Our stable song file and new institutional attain across continental Europe methodology that investors can confidently assemble exposure to Bitcoin by technique of a liquid and primitive funding product.”
Dan Izzo, CEO of GHCO, added: “ETPs are a key pattern for investing in crypto belongings because it matures as an asset class. We question extra anticipate for this reputable, without concerns-accessible infrastructure with deep pools of liquidity – liquidity that we’re happy to facilitate.”
Alasdair Haynes, CEO of Aquis Swap concluded: “We now have got been working alongside 21Shares on this project as we’re involved to answer to institutional anticipate in the UK for digital belongings.”
21Shares Bitcoin ETP will most likely be readily in the market on Aquis Swap for professional investors only. The impending UK commence is anticipated to remove space this summer season and follows contemporary successful debuts on Euronext Paris and Amsterdam on 1st June.
ISIN : CH0454664001 – ABTC – 21Shares Bitcoin ETP (man. charges 1.49%) in USD & GBP
21Shares makes investing in crypto belongings as easy as purchasing for shares utilizing your primitive broker or bank. Merchants can make investments in cryptocurrencies utilizing a primitive ETP construction (or tracker) without concerns, with total self assurance and security and price-effectively due to the the 21Shares suite of ETPs now tranquil of 14 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 Money 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 Fast Bitcoin ETP (SBTC:SW | 21XS:GY), 21Shares Polkadot ETP (ADOT:SW | PDOT:GR), 21Shares Stellar ETP (AXLM SW | XLME GR) and 21Shares Cardano ETP (AADA SW | DADA GR). Your total suite is listed on a regulated framework on the reputable market of Deutsche Boerse, SIX Swiss Swap, BX Swiss and a few on Börse Stuttgart in CHF, USD, GBP and EUR respectively. Based mostly in 2018, 21Shares is led by a crew of talented serial entrepreneurs and skilled banking professionals from the technology and financial world. Integrated in Zug, with locations of work in Zurich and Current York, the firm has launched quite a bit of world firsts, along side the main listed crypto basket index (HODL) ETP in November 2018. 21Shares has 14 crypto ETPs listed currently and has over $1.5 Bn in AuM in total listed merchandise.
GHCO is most likely some of the fastest-increasing liquidity services specialising in substitute traded funds. It strives to make ETFs accessible in every market worldwide with a focal point on life like algorithmic trading, tight spreads, reputable presence and the expertise to cost a gargantuan series of merchandise.
With locations of work in the UK and US, GHCO is a market maker on and off all major European exchanges. At some stage in a single trading day, GHCO quotes thousands of merchandise and helps asset managers to mutter even potentially the most area of interest and esoteric merchandise to market.
For added knowledge, please search the advice of with: www.ghco.co.uk
About Aquis Swap
Aquis Swap PLC is an substitute companies crew, which operates pan-European money equities trading companies (Aquis Swap), growth and regulated main markets (Aquis Stock Swap/AQSE) and develops/licenses substitute tool to third parties (Aquis Technologies).
Aquis Swap is well-liked and regulated by the UK Monetary Behavior Authority and France’s Autorité des Marchés Financiers to feature Multilateral Shopping and selling Facility companies in the UK and in EU27 respectively. Aquis operates a lit tell e-book and would now not enable aggressive non-shopper proprietary trading, which has resulted in lower toxicity and signalling likelihood on Aquis than other trading venues in Europe. In line with impartial stories, trades on Aquis are less susceptible to result in price circulate than on other lit markets. Aquis makes employ of a subscription pricing model which works by charging users in step with the message traffic they generate, reasonably than a share of the associated price of every inventory that they trade.
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