21Shares and ETF Securities Launch the World’s First Bitcoin and Ethereum ETFs in Australia

NEW YORK, April 19, 2022 /PRNewswire/ — 21Shares AG (“21Shares”), a Swiss-based issuer of crypto Alternate Traded Merchandise (ETPs), and the main ETF supplier, ETF Securities have launched two funds that supply easy, cost-effective and direct entry to cryptocurrency investments. ETFS 21Shares Bitcoin ETF is the primary Australian ETF to take a position immediately in bitcoin, and ETFS 21Shares Ethereum ETF is the primary to take a position immediately in ether. Each funds will go stay on April 27.

21Shares and ETF Securities Launch the World’s First Bitcoin and Ethereum ETFs in Australia

ETF Securities has partnered with 21Shares, the world’s largest issuer of crypto ETPs. 21Shares has over $2.5billion in Property below Administration (AUM) and has a present valuation of greater than USD 700 million. In complete, 21Shares provides over 130 listings with greater than 30 merchandise, together with the world’s solely ETP monitoring Binance, 4 crypto index baskets, and two ETP with investor staking rewards (Tezos and Solana). Its merchandise are listed on ten regulated European and Swiss buying and selling exchanges.

Each funds will checklist on CBOE Alternate (previously Chi-X). ETFS 21Shares Bitcoin ETF (Code: EBTC) will monitor the value of bitcoin in Australian {dollars}. It’s absolutely backed by bitcoin held in chilly storage by Coinbase. ETFS 21Shares Ethereum ETF (Code: EETH) will monitor the Australian greenback value of ether, which is the cryptocurrency of the Ethereum blockchain. It’s absolutely backed by ether held in chilly storage by Coinbase.

Graham Tuckwell, Government Chairman of ETF Securities Australia says EBTC and EETH give traders a approach of buying and selling cryptocurrency in a tightly regulated atmosphere, with out the necessity to set up and keep their very own bitcoin or Ethereum wallets, or handle the dangers. “As soon as we determined to construct a spread of crypto ETFs for the Australian market, there was just one associate we needed to work with, and that is 21Shares. Its pioneering strategy to safe funding in cryptocurrency has been emulated by different fund managers around the globe,” Tuckwell says.

4 years in the past, Hany Rashwan and Ophelia Snyder based 21Shares to make crypto protected and accessible for all traders, together with their moms. Since then, the corporate has been on an incredible journey to remain on the forefront of the market by offering traders with essentially the most modern crypto Alternate Traded Merchandise (ETP), the broadest token options, and extra forward-thinking options. As we speak, the corporate continues to drive fast, focused progress by way of first-of-their-kind merchandise, key markets enlargement, and strategic expertise additions – all powered by free institutional-grade analysis to coach traders in regards to the evolving trade.

Hany Rashwan, CEO and co-founder of 21Shares, stated: “We’re so extremely excited to have the ability to supply the primary direct publicity Bitcoin and Ethereum ETF in Australia. Australian traders clearly need and deserve an inexpensive, straightforward, {and professional} technique to entry the rising crypto asset class and we’re delighted to proceed constructing accessible bridges into the crypto world. We’re beginning with Bitcoin and Ethereum however have much more thrilling plans for Australian traders”.

ETF Securities Head of Distribution Kanish Chugh says bitcoin has been the most effective performing asset over the previous 10 years and ether has been one of many prime performing belongings over the previous 5 years. “They might be used as an alpha tilts or facet bets in a portfolio. They will also be purchased as portfolio diversifiers, as they’re utterly completely different asset and uncorrelated to shares, bonds and commodities.”

Chugh says that for traders in search of publicity to cryptocurrencies, funding through EBTC and EETH overcomes the pitfalls of the cryptocurrency market, together with low alternate high quality, weak custody preparations, vulnerability to hacking and the lack of non-public keys and passwords.

The online asset worth of EBTC and EETH models is calculated by multiplying the coin entitlement of each unit by the value of underlying cryptocurrency as measured by CryptoCompare at 3pm Central European Time, transformed into Australian {dollars}.

Press Contacts:
Arielle Sobel
press@21shares.com

Simrita Virk
Shed Join
simrita.virk@shedconnect.com

About 21Shares:
21Shares takes innovation to the following degree with the biggest suite of cryptocurrency exchange-traded merchandise (ETPs) on this planet. In 2018 it pioneered the world’s first cryptocurrency index itemizing on the SIX Swiss Alternate, and it continues powering its cryptocurrency franchise with cutting-edge analysis and groundbreaking approaches to product technique. 21Shares goals to offer all traders with a simple, safe, and controlled approach to purchase, promote, and quick cryptocurrency by way of current financial institution and brokerage accounts. 21Shares is a Swiss firm registered in Zug, Switzerland with places of work in Zurich and New York Metropolis. For extra data, please go to www.21shares.com.

Disclaimer:
This doc is communicated by Shed Join on behalf of ETFS Administration (AUS) Restricted (ETFS)(AFSL: 466 778). In no way is that this doc for use or thought of as a suggestion to promote, or a solicitation of a suggestion to purchase, any securities, investments or different monetary devices and any investments ought to solely be made on the premise of the related product disclosure assertion which ought to be thought of by any potential investor together with any dangers recognized therein.

This doc doesn’t take note of your private wants and monetary circumstances. It is best to search impartial monetary, authorized, tax and different related recommendation having regard to your explicit circumstances. Though we use affordable efforts to acquire dependable, complete data, we make no illustration and provides no guarantee that it’s correct or full.

Investments in any product issued by ETFS are topic to funding danger, together with potential delays in reimbursement and lack of revenue and principal invested. Neither ETFS, ETFS Capital Restricted nor every other member of the ETFS Capital Group ensures the efficiency of any merchandise issued by ETFS or the reimbursement of capital or any explicit charge of return therefrom.

The worth or return of an funding will fluctuate and investor could lose some or all of their funding. Previous efficiency is just not a sign of future efficiency.

This doc has been ready by ETFS from sources which ETFS believes to be appropriate. Nonetheless, none of ETFS, ETFS Capital Restricted, 21Shares nor every other member of the ETFS Capital Group, nor any third occasion provider of any information or index (together with CC Knowledge Ltd), nor any of their respective administrators, staff or brokers make any illustration or guarantee as to, or assume any accountability for the accuracy or completeness of, or any errors or omissions in, any data or assertion of opinion contained on this doc or in any accompanying, earlier or subsequent materials or presentation. To the utmost extent permitted by legislation, ETFS, CC Knowledge Ltd and every of these individuals disclaim all any accountability or legal responsibility for any loss or injury which can be suffered by any individual relying upon any data contained in, or any omissions from, this doc.

CryptoCompare’s Crypto Coin Comparability Aggregated Index (“CCCAGG”) is used with the permission of CC Knowledge Ltd and has been licensed to be used by ETFS Administration (AUS) Restricted (“ETFS”) in reference to the EBTC (the “Product”). Neither ETFS nor the Product, as relevant, is sponsored, endorsed, bought or Promoted CC Knowledge Ltd. CC Knowledge Ltd make no representations or warranties relating to the advisability of investing within the Product. Previous efficiency of a Product is just not an indicator of or a assure of future outcomes. YOUR USE OF CCCAGG, AND ANY INFORMATION INCLUDED IN, RELATED TO, OR DERIVED THEREFROM, IS AT YOUR OWN RISK. CC DATA LTD MAKES THE CCCAGG AVAILABLE ON AN “AS IS” BASIS AND EXCLUDES ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE.

Disclaimer:
This doc is just not a suggestion to promote or a solicitation of a suggestion to purchase or subscribe for securities of 21Shares AG. Neither this doc nor something contained herein shall kind the premise of, or be relied upon in reference to, any supply or dedication in any way in any jurisdiction. This doc constitutes commercial inside the that means of the Swiss Monetary Providers Act and never a prospectus. This doc and the knowledge contained herein usually are not for distribution in or into (immediately or not directly) the USA, Canada, Australia or Japan or every other jurisdiction wherein the distribution or launch can be illegal. This doc doesn’t represent a suggestion of securities to promote or a solicitation of a suggestion to buy in or into the USA, Canada, Australia, or Japan. The securities of 21Shares AG to which these supplies relate haven’t been and won’t be registered below the USA Securities Act of 1933, as amended (the “Securities Act”), and is probably not supplied or bought in the USA absent registration or an relevant exemption from, or in a transaction not topic to, the registration necessities of the Securities Act. There won’t be a public providing of securities in the USA. This doc is simply being distributed to and is simply directed at: (i) to funding professionals falling inside Article 19(5) of the Monetary Providers and Markets Act 2000 (Monetary Promotion) Order 2005 (the “Order”); or (ii) excessive internet value entities, and different individuals to whom it could lawfully be communicated, falling inside Article 49(2)(a) to (d) of the Order (all such individuals collectively being known as “related individuals”); or (iii) individuals who fall inside Article 43(2) of the Order, together with current members and collectors of the Firm or (iv) every other individuals to whom this doc may be lawfully distributed in circumstances the place part 21(1) of the FSMA doesn’t apply. The Securities are solely out there to, and any invitation, supply or settlement to subscribe, buy or in any other case purchase such securities will probably be engaged in solely with, related individuals. Any one who is just not a related individual shouldn’t act or depend on this doc or any of its contents. In any EEA Member State (aside from the France, Germany, Italy, Austria, Belgium, Croatia, Czech Republic, Denmark, Finland, Hungary, Eire, Luxembourg, Malta, Netherlands, Norway, Poland, Romania, Slovakia, Spain, Lichtenstein) that has carried out the Prospectus Regulation (EU) 2017/1129, along with any relevant implementing measures in any Member State, the “Prospectus Regulation”) this communication is simply addressed to and is simply directed at certified traders in that Member State inside the that means of the Prospectus Regulation. Solely for potential traders in France, Germany, Italy, Austria, Belgium, Croatia, Czech Republic, Denmark, Finland, Hungary, Eire, Luxembourg, Malta, Netherlands, Norway, Poland, Romania, Slovakia, Spain, Liechtenstein the 2021 Base Prospectus (EU) is made out there on the Issuer’s web site below www.21Shares.com. The approval of the 2021 Base Prospectus (EU) shouldn’t be understood as an endorsement by the SFSA of the securities supplied or admitted to buying and selling on a regulated market. Eligible potential traders ought to learn the 2021 Base Prospectus (EU) and the related Ultimate Phrases earlier than investing resolution so as to perceive the potential dangers related to the choice to put money into the securities.