21Shares, largest global issuer of crypto exchange-traded products (ETPs), has announced the launch of 4 new physically backed crypto-asset exchange-traded notes (ETNs) on the London’s Stock Exchange. This marks the company’s official entry into the UK market, with the products available for the professional-level investors.

The newly listed ETNs are available in both USD and GBP, catering to a wide range of investors. Here are the details of the new listings.

Regulatory Green Light Spurs 21Shares’ UK Market Expansion

This move follows the UK Financial Conduct Authority’s recent decision to allow professional investors access to Bitcoin and Ethereum-backed ETNs. This regulatory change has paved the way for 21Shares to bring its innovative products to this highly liquid capital market.

Ophelia Snyder, co-founder of 21Shares, emphasized the significance of the UK market. She noted that the UK is one of the deepest and most-liquid capital markets in the world. She mentioned that as institutional interest in cryptocurrencies grows, it is only natural for the London Stock Exchange to host responsible funds that offer access to these markets.

Since its founding in 2018, the company has pioneered the development of physically-backed crypto ETNs. The company has a clean track record of creating reliable and regulatory compliant cryptocurrency investment products. With ETNs now already listed on major exchanges like Nasdaq OMX, Deutsche Börse Xetra, Euronext Paris and Amsterdam, and SIX Swiss Exchange, 21Shares is meeting the growing demand for regulated and secure access to digital assets.

21Shares Co-Founder Highlights Crypto’s Growing Acceptance

Hany Rashwan, co-founder of 21Shares, highlighted the growing acceptance of cryptocurrencies. He remarked that crypto is here to stay, pointing out the clear role for decentralized finance in a global world.

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21Shares offers the largest suite of cryptocurrency exchange-traded notes (ETNs) globally. This includes diversified index ETNs that provide exposure to a basket of top cryptocurrencies, staking ETNs that generate additional returns through staking, and inverse ETNs that profit from price declines.

Currently, 21Shares manages over $3.6 billion in European assets under management (AUM) as of May 24, 2024. This strategic move into the UK market is a testament to 21Shares’ commitment to expanding access to digital assets and supporting the growth of the cryptocurrency sector.