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Legal Notice

Please read and accept the following information before proceeding.

Unless stipulated expressly otherwise below, the information contained on the following web pages is intended exclusively for Swiss residents who are physically located in Switzerland. The Base Prospectus dated 12 November, 2021 as supplemented from time to time, and the final terms for any product issued have been prepared in compliance with the Swiss Code of Obligations. The information contained on the following web pages that is also covered by the Base Prospectus (EU) pursuant to Regulation (EU) 2017/1129 (EU Prospectus Regulation) dated 24 November 2021 (and any Final Terms relating thereto) which has been approved by the Swedish Financial Supervisory Authority (SFSA - Fi.se) and has been passported to other EU-countries pursuant to article 26 of the EU Prospectus Regulation, are intended exclusively for potential investors in Austria, Belgium, Croatia, Denmark, Finland, France, Germany, Great Britain, Hungary, Ireland, Italy, Liechtenstein, Luxembourg, Malta, The Netherlands, Norway, Poland, Romania, Slovakia, Spain and Sweden. The approval of the Base Prospectus (EU) should not be understood as an endorsement by the Swedish Financial Supervisory Authority (SFSA - Fi.se) of the securities offered or admitted to trading on a regulated market. Potential investors should read the Base Prospectus (EU) and the relevant Final Terms before making an investment decision in order to understand the potential risks associated with the decision to invest in the securities. You are about to inform yourself on the purchase a product that is not simple and may be difficult to understand. The information contained on the following web pages does not contain or constitute an offer to sell or a solicitation of any offer to buy securities to, and is not directed at, Dutch, French or German retail investors as well as natural and legal persons in the Republic of Austria. Purchase orders from the Republic of Austria or by Austrian natural and legal persons will be rejected.

The information contained on the following web pages does not contain or constitute an offer to sell or a solicitation of any offer to buy securities in the United States of America (the ‘United States’) or in any other jurisdiction in which such offer or solicitation is not authorized or to any person to whom it is unlawful to make an offer or solicitation. Users of this web site are requested to inform themselves about and to observe any such restrictions. The securities of 21Shares AG have not been and will not be registered under the United States securities laws and may not be offered or sold in the United States absent registration or an exemption from registration under the United States Securities Act of 1933, as amended. Neither 21Shares AG nor its shareholders intend to register any portion of the offering in the United States or conduct a public offering of securities in the United States. The information contained on the following web pages may not be distributed outside of jurisdictions where Prospectus will be approved and/or passported, in particular not in the United States.

Some of the information published on this website contains forward-looking statements. Users are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward-looking statements as a result of various factors. 21Shares AG undertakes no obligation to publicly update or revise any information or opinions published on the website. 21Shares AG reserves the right to amend the information at any time without prior notice.

The information contained on this website may not be considered as being a substitute for economic, legal, tax or other advice and users are cautioned to base investment decisions or other decisions solely on the content of this website. An investment decision with respect to securities of 21Shares AG must only be made on the basis of the offering circular published in accordance with applicable securities laws, in particular Swiss law. Users must consult their investment advisers or other advisers prior to making any decisions.

Further, by proceeding you confirm that you have read the complete legend and accept its terms:

Terms of use and legal information

By using the 21Shares AG website (hereinafter “Website”), you confirm that you have understood and accept the legal information, important notes and terms of use presented here. If you do not accept the terms of use, please refrain from using this Website.


Past performance is not an indication or guarantee of future performance of a product or underlying asset. The value of any investment may be subject to fluctuations and, in some circumstances, investors may not recover the original amount invested. Exchange rate fluctuations may also cause the value of an investment to rise or fall.

Conflicts of interest

From time to time, the issuer and/or lead manager and/or their third-party agents may, for their own account or for the account of others, take positions in securities, currencies, financial instruments or other assets that serve as an underlying asset to the products on this Website. They may buy or sell these assets, act as market makers, and simultaneously operate as seller or as purchaser. The trading or hedging activities of the issuers and/or lead manager and/or their third-party agents may influence the price of an underlying asset and may influence whether or not the relevant barrier level is reached (if such a level exists).