21Shares, the Largest Issuer of Cryptocurrency ETPs, and Amun Announces Investors Including Catherine Wood and Anthony Pompliano
Hany Rashwan, CEO 21Shares AG
Amun Holdings Limited, owner of 21Shares AG and Amun Inc., today announced successful fundraising efforts led by Morgan Creek Digital with participation from Anthony Pompliano, Managing Partner at Pomp Investments who previously co-founded Morgan Creek Digital; Collaborative Ventures; Quiet Ventures; and Catherine Wood, CEO of ARK Investment Management LLC, who serves as the independent member of Amun’s Board of Directors. The shareholders of Amun Holdings Limited held an Extraordinary General Meeting (EGM) last week and the fundraising round is expected to close this week.
Since launching the world’s first physically backed cryptocurrency exchange-traded product (ETP) in 2018, 21Shares has established itself as an innovative first mover providing the largest number of ETPs with exposure to cryptocurrency markets in the world. As of May 2021, 21Shares now manages more than $2 billion in 14 cryptocurrency ETPs, including the world’s only ETPs tracking Binance, Bitcoin Cash, Tezos and most recently Stellar, Cardano and Polkadot.
21Shares also focuses on education through a series of data-driven research and insights in five languages. Reports include: State of Crypto (a quarterly print publication), valuation methodologies (e.g., Ethereum Investment Thesis), and single-asset primers (e.g., Cardano Primer).
“We are excited to attract visionary investors such as Cathie Wood and Anthony Pompliano, as a great validation of our efforts and progress over the past three years,” said Ophelia Snyder, Co-Founder and President of 21Shares.
Hany Rashwan, Co-Founder and CEO of 21Shares added, “We are seeing unprecedented investor demand for exchange-traded crypto products that can be bought and sold as easily as a stock. Based on market opportunity, this year we are looking to expand our ETP product suite globally. Our investors’ commitment to 21Shares and the quality of our Board of Directors will help us advance our mission.”
“21Shares is forging a new path for crypto ETPs, by leading with research and a keen understanding of this developing asset class. I am thrilled to support its efforts,” said Wood.
Pompliano added, “I am excited to invest in 21Shares and the company’s continued success providing institutional-grade research and products for the crypto market. It was obvious a few years ago that many more people would be hearing about Hany, Ophelia, and their innovative products, and I believe the same is true for 21Shares and its top quality leadership team that is creating unique solutions at the intersection of finance and crypto.”