21Shares AG, which claims to be the world’s largest issuer of cryptocurrency alternate traded merchandise (ETPs) and a subsidiary of 21.co, unveiled the 21Shares Stacks Staking ETP (ASTX) – the “world’s first” ETP providing publicity to Stacks.
Stacks is “a crypto asset protocol that unlocks the total potential of Bitcoin as an infrastructure for sensible contracts and decentralized functions.”
Stacks’ core imaginative and prescient is “to increase past Bitcoin’s principal use case as an rising store-of-value asset and settlement infrastructure.” It’s “one of the crucial promising crypto belongings available in the market at the moment – at the moment valued at $1.57 billion, a small fraction of equally promising belongings – and the 21Shares Stacks Staking ETP is the primary method for buyers to entry this asset with out holding it immediately.”
Arthur Krause, Director of ETP Product at 21.co, mother or father firm of 21Shares, mentioned:
“ASTX supplies a novel alternative for buyers, as there are at the moment no different funding merchandise offering publicity to Stacks available on the market. At 21Shares, we delight ourselves on regularly bringing first-to-market merchandise to buyers in a protected and controlled method. Our ETPs permit buyers to entry progressive and promising crypto belongings via trusted funding automobiles.”
The 21Shares Stacks Staking ETP (ASTX) is obtainable “for buying and selling on BX Swiss alternate.”
Right now’s product updates “comply with buyers’ continued curiosity within the asset class within the early a part of 2023. 21Shares closed out its second greatest January in firm historical past this 12 months, and continues to see internet new belongings regardless of market occasions.”
In January 2023, the AUM for 21Shares’ Ethereum and Bitcoin ETPs (AETH and ABTC) each went “above $200M — which implies 21Shares now has three ETPs with over $200M in AUM. Yr-to-date up to now, 21Shares has recorded $30M in internet new belongings.”
As famous within the replace, 21.co claims it’s “the world’s chief in offering entry to crypto via easy and simple to make use of merchandise.”
21.co is “the mother or father firm of 21Shares, the world’s largest issuer of cryptocurrency alternate traded merchandise (ETPs) – which is powered by Onyx, a proprietary expertise platform used to problem and function cryptocurrency ETPs for 21Shares and third events.”
The corporate was “based in 2018 by Hany Rashwan and Ophelia Snyder.”
21.co is “registered in Zug, Switzerland with places of work in Zurich and New York. For extra data, please go to 21.co.”
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