Authorized Participants

The following firms currently act as authorized participants for 21Shares AG products:

Lang & Schwarz TradeCenter AG & Co. KG

a subsidiary of the Lang & Schwarz AG which is a holding company that was founded on January 19th in 1996, is located on Breite Straße 34, in 40213 Düsseldorf, Germany. The entity is mainly focused on market making of securities such as exchange traded products, equities, mutual funds, fixed income products and derivatives, issued by Lang & Schwarz AG. Its core business is the German market where it is engaged in market making on Börse Stuttgart and solely on the LS Exchange, an electronic trading platform operated by Börse Hamburg since 2016.

Nyenburgh Holding BV

qualifies as an Investment Firm in proprietary trading under the Dutch Financial Markets Supervision Act (Wft) and is licensed by the Netherlands Authority for the Financial Markets (AFM) and the Dutch Central Bank (DNB). Nyenburgh is a member of the APT (Association of Proprietary Traders) and a participant in DSI (Dutch Securities Institute). Founded in 1996, Nyenburgh is nowadays active as an investment firm in proprietary trading. Trading strategies at Nyenburgh range from scalping, swing trading, directional trading or arbitrage trading. In addition, Nyenburgh invests under the trade name Nyenburgh Investment Partners (NYIP) for medium and long term life sciences equities. The firm has gained a unique position within the professional trading community in the Netherlands through its professional trading facilities, unique partnership and competitive rates.

DRW Europe B.V

is a private limited liability company and a subsidiary of DRW Holdings, LLC (DRW). DRW was founded in 1992 with offices in Europe, Asia and North America, and is a well-established and diversified trading firm with 1200 employees and decades of experience combining sophisticated technology and exceptional people to operate in markets around the world. DRW is active in diverse set of asset classes including fixed income, equities, FX, commodities, ETFs and crypto assets. DRW Europe B.V. has its registered office located at Gustav Mahlerlaan 1212, Unit 3.30, 1081 LA Amsterdam, The Netherlands.

Jane Street Financial Limited

is a limited liability company, incorporated on 13 April 2007 under the laws of England and Wales with company number 06211806 and with its registered office located at Floor 30, 20 Fenchurch Street, London, EC3M 3BY, United Kingdom. Jane Street Financial Limited is a registered dealer authorised and regulated by the U.K. Financial Conduct Authority. Jane Street Financial Limited is a wholly owned subsidiary of Jane Street Group, LLC, a quantitative trading firm, which engages in the trading of a range of financial products, including exchange traded funds, equities, futures, commodities, options, bonds and currencies. Jane Street Group LLC has its registered office located at c/o United Corporate Services, Inc., 874 Walker Road, Suite C, Dover, DE 19904.

Virtu

is a leading financial firm that leverages cutting edge technology to deliver liquidity to the global markets and innovative, transparent trading solutions to our clients. As a market maker, Virtu provides deep liquidity in over 25,000 securities, at over 235 venues, in 36 countries worldwide that helps to create more efficient markets. We leverage our market structure expertise and scaled, multi-asset technology infrastructure to provide a complete suite of client solutions, including transparent agency execution and broker-neutral offerings.

GHCO

is one of the fastest-growing liquidity providers specialising in exchange traded funds. It strives to make ETFs accessible in every market worldwide with a focus on intelligent algorithmic trading, tight spreads, reliable presence and the expertise to price a wide range of products. With offices in the UK and US, GHCO is a market maker on and off all major European exchanges. Throughout a single trading day, GHCO quotes thousands of products and helps asset managers to bring even the most niche and esoteric products to market.

ICF BANK AG

employs more than 75 people and is one of Germany's leading securities trading banks. Our primary fields of business are: Market making in equities, fixed income products, funds and ETPs on the Frankfurt Stock Exchange. Market making in equities, bonds, ETPs and investment funds on the Düsseldorf Stock Exchange. Market making in equities, fixed income products, funds and ETPs on the Düsseldorf Stock Exchange's Quotrix platform. Market making in derivatives on the Frankfurt Stock Exchange's segment for certificates. Execution sales and sales trading for domestic and international clients, development and calculation of customised indices, corporate finance and designated sponsoring.

Flow Traders B.V.

incorporated on 11 November 1991 and located at Jacob Bontiusplaats 9, 1018LL, Amsterdam, The Netherlands, is a private limited liability company operating under Netherlands law. It is registered with The Netherlands Chambers of Commerce with date of entry on 2 December 1991 and register number 33223268.