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Rashwan Hany 21Shares

21Shares Announces Listing of Polygon, Avalanche and Algorand crypto ETP on SIX Swiss Exchange

21Shares AG, the world’s largest issuer of physically-backed crypto ETPs today announces the listing of 3 additional crypto ETPs on the SIX Swiss Exchange.

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Hany Rashwan, co-founder and CEO of 21Shares


The new product launch brings the total number of crypto ETP products issued to 20 on the Swiss market and a total of 80 listings on Swiss and European markets.

The 21Shares Polygon ETP, Ticker: POLY (ISIN CH1129538448) tracks the investment results of Polygon an Ethereum scaling platform onboarding millions to Web3. Hosting more than 3,000 applications, Polygon has become the most popular full-stack Ethereum scaling solution due to its high speed, low transaction cost, and network composability. Listing date: November 18.

The 21Shares Avalanche ETP, Ticker: AVAX (ISIN: CH1135202088) tracks the investment results of Avalanche, an Ethereum rival, which aims to unseat the most popular blockchain for smart contracts. Its key strength is the higher transaction output of up to 6’500 transactions per second, while not compromising scalability. Listing date: November 19.

The 21Shares ETP Algorand, Ticker: ALGO (ISIN: CH1146882316) tracks the investment results of Algorand, a layer 1 blockchain solution supporting the creation of decentralized applications. Algorand was founded by Silvio Micali, Professor at the MIT, and a recipient of the Turing Award in computer science, often referred to as the Nobel Prize of computing. Listing date: November 23.

Hany Rashwan, co-founder, and CEO of 21Shares, says, “Adding Polygon, Avalanche and Algorand to our already expansive suite of single-asset ETPs delivers another simple and easy option for investors to enter the crypto asset class, and allows us to continue fulfilling our mission to build the simplest and most transparent way to access this asset class.”

Michael Lie, Head of Digital Asset Trading at Flow Traders, continues, “We are excited to be supporting the launch of the new ETP and deepening our successful partnership with 21Shares. As the number one crypto ETP liquidity provider, Flow Traders is at the forefront of enabling this fast-growing crypto asset class. This listing is another clear indication of the increasing expectations of both investors and issuers striving for more innovative products.”

Source: ETFWorld.co.uk

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