Crypto Frontline

21Shares Supports US Investors’ Growing Cryptocurrency Appetite

21Shares Supports US Investors’ Growing Cryptocurrency Appetite
May 18
03:17 2022

21Shares AG’s affiliate entity, 21Shares US Advisers LLC, entered the United States’ market yesterday, Wednesday, May 18. This company of the world’s largest issuer of cryptocurrency exchange-traded products or ETPs also launched two private index funds.

These private placements are available to accredited US investors. Additionally, they are a component of a larger concentration on backing investor appetite for virtual currencies in the United States.

Today, we find this latest cryptocurrency-related news about 21Shares entering the US market and launching two cryptocurrency index funds interesting and relevant.

We think our readers, who are cryptocurrency enthusiasts and investors, will also be interested in reading this report, so we are posting it on our website and sharing it with them.

According to the news posted online by PR Newswire, a company focused on delivering news distribution, monitoring, marketing, and targeting solutions, the two private index funds of 21Shares AG’s affiliated entity will provide accredited US investors with broad exposure to both large-capitalization and mid-capitalization crypto-assets.

These US market participants will be able to track several of the largest cryptocurrencies based on market capitalization. The two 21Shares index funds launched yesterday are the 21Shares Mid-Cap Index Fund and the 21Shares Crypto Basket 10 Index Fund.

The 21Shares Mid-Cap Index Fund seeks to track the Vinter 21Shares Crypto Mid-Cap US Index’s performance. Moreover, it offers diversified exposure to the next tier of emerging cryptocurrencies ranked 3 through 10 in market capitalization.

Meanwhile, the 21Shares Crypto Basket 10 Index Fund seeks to track the Vinter 21Shares Crypto Basket 10 US Index’s performance. Furthermore, this private index fund tracks the top ten cryptocurrencies’ prices based on market capitalization available on US cryptocurrency exchanges.

The 21Shares Crypto Basket 10 Index Fund features a large allocation to the most established and best-known cryptocurrencies: Bitcoin and Ethereum. Both private index funds will be reconstituted and rebalanced quarterly to reflect the cryptocurrency space’s dynamic nature.

Additionally, as they comprise several of the world’s largest cryptocurrencies by market capitalization, interested accredited US investors can begin investing in them this week.

The launch of the two private placements follows 21Shares’ recent rollouts of the world’s first Bitcoin and Gold ETP on the SIX Swiss Exchange and the first-ever Bitcoin and Ethereum exchange-traded funds or ETFs in Australia.

Hany Rashwan is 21Shares’ co-founder and chief executive officer. He described his company as having established an internationally-recognized portfolio of cryptocurrency products over the last four years.

Rashwan cited that they are proud to grow access to their reputable and proven label with their launch into the US market. The 21Shares co-founder and chief executive officer also mentioned that their mission internationally is to build bridges into the virtual currency world.

He remarked that the two private index funds they launched this week are pivotal building blocks for investors in the United States eager to diversify their crypto-asset holdings or introduce a virtual currency to their investment portfolio.

We want to congratulate 21Shares AG and its affiliated company, 21Shares US Advisers LLC, for their entry into the US market. We believe they can look forward to success as their two cryptocurrency-oriented private index funds can gather a massive following.

After all, many accredited investors in the United States are very much interested in cryptocurrency investing.

We gathered that this venture is highly popular among retail and institutional investors alike in the world’s largest economy. We think this present US market trend is favorable for 21Shares.


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