Company:21Shares
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| Industry | Investment management |
|---|---|
| Founded | July 2018 |
| Founders |
|
| Headquarters | Zurich, Switzerland |
| Products | Exchange-traded funds (ETFs); Exchange-traded products (ETPs) |
| AUM | $11.2 billion[1] |
| Website | www |
21Shares is a Switzerland-based financial services company that issues cryptocurrency exchange-traded products (ETPs). The company is headquartered in Zurich, with offices in New York City and London.
History
21Shares was co-founded in July 2018 by Hany Rashwan and Ophelia Snyder and is headquartered in Zurich, Switzerland.[2][3]
In November 2018, the company listed the first physically-backed crypto ETP – HODL – on the SIX Swiss Exchange.[4]
In 2019, 21Shares listed their first product on German Stock Exchange XETRA.[5]
In 2022, 21Shares had 46 listed products in seven countries and entered the Middle East in October 2022 with the listing of a Bitcoin ETP on Nasdaq Dubai, making it the Middle East's first physically-backed Bitcoin ETP.[6]
In 2024, 21Shares expanded into the United Kingdom, listing crypto-backed ETPs on the London Stock Exchange.[7]
In June 2024, 21Shares filed an S-1 for spot Solana exchange-traded fund in the U.S.[8] The following month, in July 2024, VanEck and 21Shares sent amended Ether exchange-traded fund filings to the SEC to list and trade shares of a spot Ether exchange-traded fund.[9] In September of 2024, 21Shares launched a Bitcoin token on the Ethereum blockchain.[10]
Management
Until December 2024, Hany Rashwan and Ophelia Snyder served as the company's chief executive officer and president, respectively. Following a corporate restructuring, Russell Barlow was appointed chief executive officer and Duncan Moir became president.[11][12][13]
Products
21Shares offers cryptocurrency exchange-traded products (ETPs), primarily structured as physically backed instruments in which the underlying crypto assets are held in custody.[14][15][16] In 2025, the company filed applications to launch exchange-traded funds in the United States linked to Solana and XRP.[17]
Reception
21Shares has been cited by financial media in coverage related to cryptocurrency markets and the 2024 U.S. presidential election.[18][19] In 2024, Innovation.zuerich described 21Shares as Switzerland's largest crypto unicorn, citing a valuation of approximately $2 billion.[20]
References
- ↑ "Trackinsight". https://www.trackinsight.com/en/etf-providers/21shares.
- ↑ "21Shares 2025 Company Profile: Valuation, Funding & Investors". https://pitchbook.com/profiles/company/233268-67#overview.
- ↑ "Ophelia Snyder". https://www.forbes.com/profile/ophelia-snyder/.
- ↑ "21Shares Crypto Basket Index ETP Price & News". https://www.wsj.com/market-data/quotes/CH/XSWX/HODL.USD/historical-prices.
- ↑ "Deutsche Börse Xetra - 21Shares AG". XETRA (Press release). Retrieved 2025-03-12.
- ↑ Saba, Yousef (October 12, 2022). "Crypto firm 21Shares lists bitcoin ETP on Nasdaq Dubai". https://www.reuters.com/technology/crypto-firm-21shares-lists-bitcoin-etp-nasdaq-dubai-2022-10-12/.
- ↑ "WisdomTree, 21Shares to list crypto products on London Stock Exchange". Reuters. https://www.reuters.com/business/finance/wisdomtree-list-crypto-products-london-stock-exchange-2024-05-22/.
- ↑ McGee, Suzanne (2024-07-28). "21Shares files for permission to offer ETF linked to cryptocurrency Solana". https://www.reuters.com/technology/21shares-files-permission-offer-etf-linked-cryptocurrency-solana-2024-06-28/.
- ↑ Rowe, Niamh. "VanEck and 21Shares file for Solana ETFs—a 'bet' on a Trump victory". https://fortune.com/crypto/2024/07/09/vaneck-and-21shares-file-for-solana-etfs-a-bet-on-a-trump-victory/.
- ↑ Chandler, Beverly (2024-09-04). "21.co launches Wrapped Bitcoin on Ethereum: 21 BTC". https://etfexpress.com/2024/09/04/21-co-launches-wrapped-bitcoin-on-ethereum-21-btc/.
- ↑ Nikolova, Maria (2024-12-03). "21Shares and 21.co Technologies to become separate entities". https://fxnewsgroup.com/forex-news/cryptocurrency/21shares-and-21-co-technologies-to-become-separate-entities/.
- ↑ Chandler, Beverly (2024-12-03). "21.co announces plans for new operating structure". https://etfexpress.com/2024/12/03/21-co-announces-plans-for-new-operating-structure/.
- ↑ "21.co separates asset management and technology businesses". 2024-12-03. https://www.startupticker.ch/en/news/21-co-separates-asset-management-and-technology-businesses.
- ↑ "21Shares calls for regulatory clarity on crypto UCITS eligibility". 2024-10-08. https://www.etfstream.com/articles/21shares-calls-for-regulatory-clarity-on-crypto-ucits-eligibility.
- ↑ Nikolova, Maria (2024-10-07). "21Shares urges ESMA to create regulatory framework including crypto assets in UCITS funds". https://fxnewsgroup.com/forex-news/regulatory/21shares-urges-esma-to-create-regulatory-framework-including-crypto-assets-in-ucits-funds/.
- ↑ McGleenon, Brian (2024-06-25). "Zodia Custody partners with 21Shares for crypto ETP custody services in Europe". https://www.vtrader.io/en-us/staking/solana.
- ↑ Chandler, Beverly (2024-11-22). "21Shares files to launch a Solana exchange-traded fund in the US". https://etfexpress.com/2024/11/22/21shares-files-to-launch-a-solana-etf-in-the-us/.
- ↑ Yue, Frances (2024-09-04). "What Friday's jobs report could mean for bitcoin's next move". https://www.marketwatch.com/story/what-fridays-jobs-report-could-mean-for-bitcoins-next-move-bb8227f5.
- ↑ Shukla, Sidhartha (2024-11-07). "Cryptocurrencies Tainted by SEC Suits Surge After Trump Victory". https://www.bloomberg.com/news/articles/2024-11-07/cryptocurrencies-tainted-by-sec-suits-surge-on-agency-overhaul-speculation?embedded-checkout=true.
- ↑ "21.co Raises $25 Million on $2 Billion Valuation, Becoming Switzerland's Largest Crypto Unicorn - Innovation.zuerich". https://innovation.zuerich/en/?registration=21-co-raises-25-million-on-2-billion-valuation-becoming-switzerlands-largest-crypto-unicorn.
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