Swiss crypto ETP issuer passes $1B assets under management
21Shares, a Switzerland-based provider of cryptocurrency exchange-traded products, or ETPs, has recorded a 100% growth in assets under management over the past two weeks.
The company announced Monday that it has passed the $1 billion mark in assets under management across its diversified 12 crypto-asset ETPs. 21Shares CEO Hany Rashwan said that the company has seen a meteoric rise in its crypto ETP products recently, doubling its AUM in less than two weeks. The company previously announced that 21Shares broke $500 million in AUM on Feb. 8.
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