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As of Feb 03, 2023
USDY product icon

USDY

21Shares USD Yield ETP

Net Projected Yield1:
0%
As of Feb 03, 2023
Net Asset Value:
$20.42
Assets Under Management:
$1,123,154
YTD Return:
0%
30 Day Trailing Yield:
0%
1D Change:
0%
Contact Sales
Overview

Description

The 21Shares USD Yield ETP provides exposure to USD while using the collateral (USDC) to seek to generate income from the digital asset lending ecosystem via a fully collateralized ETP structure.

Eligible collateral for this product are USD/USDC, Bitcoin, and Ethereum.

Objective

This ETP serves as a simplified vehicle to access the attractive income in the digital asset lending space. The lending agreements with borrowers are executed through institutional grade lending partners. Loans are overcollateralized and monitored daily to protect the interest of shareholders.

Benefits

Securitization

21Shares ETP is accessible like stocks on a major exchange with no special set up needed.

Simplicity

Performance directly linked to USD with potential additional returns from fully collateralized loans.

Collateralization

Underlying crypto assets are used to generate additional income for investors through fully collateralized loans.

Safety

Institutional grade security and custody solution using a variety of safety measures including cold-storage, multiple private keys, whitelisting and audit trails.

Details

Key Information

Name21Shares USD Yield ETP
Inception DateMay 24, 2022
Issuer21Shares AG
AUM$1,123,154
Securities Outstanding55000
NAV$20.42
Fee0.3%
LendingYes

Ticker Symbols

Ticker
USDY
Valor
57728600
ISIN
CH0577286005
Reuters
USDY.S
WKN
A3GL7J
iNAV
DE000SL0ESH3
Bloomberg
USDY SW
Performance
1M
Market data provided by Alpha Vantage and CryptoCompare. Not investment advice, for informational purposes only. Historical performance is not an indication of future performance.

Compare USDY to:

Cumulative%

As of Feb 03, 2023
NAV
1 Month
0%
3 Months
0%
YTD
0%
Since Inception
+2.09%
Trading

Trading Information

SIX Swiss Exchange
Local Ticker
USDY SE
Currency
USD

Underlying Assets

USD Coin
Weighting
100.00%
Quantity Per ETP
20.42098994 ($20.42)
Reference Price
$1.00
Service Providers
Flow Traders
Custody
Bank Frick
Market Maker
Flow Traders
Collateral Agent
The Law Debenture Trust Corporation PLC
L&S
Jane Street
GHCO
DRW Holdings
Collateral Details
Active Loan
0 BTC
Loan Collateral Held
Loan Collateral Value (USD)
Loan Collateralization Ratio

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