1M
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As of Jun 06, 2023
ALGO
21Shares Algorand ETP
As of Jun 06, 2023
Net Asset Value:
$1.45
Assets Under Management:
$775,870
YTD Return:
-25.5%
1D Change:
-8.21%
Overview
Description
The 21Shares Algorand ETP (Ticker: ALGO) seeks to track the investment results of Algorand.
Objective
ALGO is designed to give investors the easiest and safest way to invest in Algorand, the secure, scalable and decentralized platform that supports smart contract functionality.
Benefits
Securitization
21Shares ETP is accessible like stocks on a major exchange with no special set up needed.
Simplicity
Plain vanilla structure with performance directly linked to Algorand without leverage.
Collateralization
21Shares holds the underlying crypto assets in cold storage equal to 100% of the value of the notes at all times.
Safety
Institutional grade security and custody solution using a variety of safety measures including cold-storage, multiple private keys, whitelisting and audit trails.
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