21Shares AG, the Swiss evolving fintech ETP issuer, has recently revealed that it has crossed the $1 Billion mark in AUM. It has managed to cross this mark in assets under management across its 12 well-diversified cryptocurrency assets. 21Shares AG Asset Increment in Over 2 Years Over the last two years, 21Shares AG has managed to witness a 200-fold increase in its assets and the issuer also joined the list of a select elite ETF/ETP issuer with assets worth over $1 billion. Two phenomena have contributed to the success of the evolving Swiss startup: The fast embracing and acknowledgment from the institutional investors played a vital role in the success of the Swiss startup. BTC’s price has surged to $55,000 in February 2021, since its dip in March 2020 of $5,000. Along with BTC, the usage of the ETH network has grown to over $43 billion from $950 million. This excessive surge in the prices of these digital assets has added a spark to the global demand from institutional investors. The proven track record of 21Shares AG of listing ETPs provides retail as well as institutional investors a convenient way of accessing cryptocurrencies. In order to gain exposure in the safest way to BTC and other digital assets, the institutional-grade structure of the Swiss ETP is preferred over certificates. Ophelia Snyder, the Co-Founder and President of 21Shares AG, released a statement that read: “We are extremely excited to have reached a critical milestone in such a short period of time. The growth in 21Shares ETP’s business is largely due to the incredible efforts of our team and the loyalty and trust of our investors.” Only Issuer With AETH 21Shares AG is the only company that has an Ethereum ETP, AETH, and no other issuer other than this company has such a broad offering on the regulated market. The CEO of 21Shares AG, Hany Rashwan stated: “With such institutional demand wanting to gain exposure to crypto via an ISIN, it took us less than two weeks from announcing $500 million in AuM to now exceeding $1 billion. It is rapidly becoming judicious for many wealth managers, private banks, family offices, and individuals to allocate to crypto assets. We expect to reach even greater heights in 2021 across both our AuM at 21Shares as well as across the crypto ecosystem.”
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