ETF Securities and 21Shares, the world’s foremost and biggest cryptocurrency ETP provider, are teaming up to develop Australia’s first Bitcoin and Ethereum ETFs, as well as a state-of-the-art blockchain research and teaching centre, supported by Cathie Wood.
Subject to regulatory approval, the ETFS 21Shares Bitcoin ETF (EBTC) and ETFS 21Shares Ethereum ETF (EETH) will enable Australians to invest in Bitcoin and Ether through funds managed by ETF Securities, the world’s first issuer of a GOLD-backed ETP, in collaboration with 21Shares, the visionary crypto ETP provider.
21Shares, located in Zurich, presently manages around $3 billion in assets across its 20 European crypto ETPs and 80 listings. For over three years, the business has handled Bitcoin and Ethereum ETPs and in 2018 launched the world’s first physically backed crypto ETP.
“Once we decided to establish a variety of crypto ETFs for the Australian market, there was only one partner we wanted to engage with, and that was 21Shares,” said Graham Tuckwell, Executive Chairman, ETF Securities Australia. “They are at the leading edge of cryptocurrency exchange-traded funds in the world today.”
The research and teaching centre will expand on 21Shares’ industry-leading and investment-grade research, which is among the most thorough in the world. It encompasses a diverse array of distinct cryptocurrencies and blockchains. This contains well-known cryptocurrencies like as Bitcoin and Ether, as well as lesser-known but rapidly rising cryptocurrencies such as Solana, Polygon, and Avalanche.
The research centre will illustrate how the frequently-complicated realm of blockchain works in plain English. Additionally, it will cover cutting-edge news on cryptocurrency, different blockchain measures, market activity, and significant news on miners, custodians, and other supply chain organizations.
“We are thrilled to work with ETF Securities Australia to introduce crypto ETFs for Australian investors,” said Hany Rashwan, CEO of 21Shares. “This alliance is a chance for us to pool our experience and provide the easiest and most transparent means of accessing the greatest performing asset class of the previous decade.”
