PUNE (CoinChapter.com) — 21 Shares, the world’s first crypto index boutique Exchange Traded Products (ETP) firm, plans to expand its portfolio of curated crypto-ETPs, built around the top 50 digital assets by the end of 2022.
Inline, the company rolled out three more crypto-ETPs for retail users in its home market, Switzerland, on Tuesday. As quoted to Blockworks, the new ETPs, which launched on the BX Swiss exchange, have Aave (AAVE), Chainlink (LINK), and Uniswap (UNI) as their underlying assets.
The ETPs carry a 250 basis points fee with 21 Shares to maintain the underlying crypto assets in cold storage.
$2B+ in Digital AUM
21 Shares manages more than $2 billion in 26 cryptocurrencies’ ETPs and 87 listings. In addition, the firm currently offers 18 single-asset trackers’ ETPs. Its Bitcoin (ABTC) and Ether (AETH) ETPs were launched in February 2019 and March 2019. Since its inception, the two have signaled a gradual but continuous trade volume and price increase.
For the investors looking for newer asset classes decoupled from the mainstream financial system, 21 Shares’ ETPs offer an interesting foray into the digital assets market. The ETPs are listed on ten regulated European and Swiss trading exchanges, including the Six Swiss Exchange.
An overview of AAVE, LINK, and UNI
Through its open-source, non-custodial liquidity market protocol, AAVE allows users to borrow assets and earn interest on deposits.
With a market cap of $2.2Bn, AAVE has a circulating supply of over 13Mn. Revolutionizing the field of peer-to-peer lending, AAVE enables users to lend out their crypto in a trust-less and permission-less manner to other users. Furthermore, the interest earned from lending your assets is paid directly to your network wallet.
Source: Tradingview
Chainlink (LINK), on the other hand, enables smart contracts to create efficient blockchains for real-time data and computation.
LINK’s market capitalization was about $8 billion Tuesday afternoon, which was the 21st-highest among all coins, according to CoinGecko. With use cases across the De-Fi space, Chainlink has found unmatched utility in enterprise infrastructure, insurance products, NFTs, and gaming applications.
Uniswap (UNI), a decentralized crypto exchange, offers a protocol that delivers liquidity and trading for tokens on the Ethereum blockchain. Integrating with over 300 crypto tools and applications, UNI is one of the most traded digital assets, with a trading volume of $785Bn+.
Dozens of new ETPs to follow in 2022
“De-Fi is a theme of great interest and activity in crypto, and these three assets are some of the largest and best known infrastructural pieces underpinning a lot of DeFi activities,” Hany Rashwan, CEO and co-founder of 21Shares.
The firm consistently evaluates new listings based on trading metrics, its team, investors, community, and social reach, among other factors. The company also anticipates listing additional indexes and more specialized products, such as its Short Bitcoin ETP, which borrows BTC and simultaneously sells it to create short exposure.
