100% physically backed, the 21Shares Algorand ETP (ALGO) tracks the performance of Algo tokens. With its superior transaction speeds, Algorand is well-suited to support a wide range of use cases. It is also the only blockchain to achieve and maintain carbon-negativity since 2021. The 21Shares Algorand ETP provides investors with a regulated vehicle for simple and secure participation in the growth of the Algorand network.
Fast transactions, low fees
Algorand leverages a mechanism that prioritizes fast transaction speeds at low fees. The network is designed to deliver a frictionless user experience similar to Web2. This focus on ease strengthens its growth potential as the ecosystem looks to onboard the next generation of blockchain users.
Easy and familiar
Adding crypto to your portfolio doesn’t need to be complicated. Invest with your existing advisor or brokerage platform and keep your assets in one place.
100% physically backed
The 21Shares Algorand ETP is 100% physically backed by the underlying Algo tokens and kept in cold storage by an institutional-grade custodian, offering greater protection than custody options available to individual investors.
Since 2018, 21Shares has been fully carbon-neutral. Our commitment involves offsetting our carbon footprint through green initiatives, like cleaner power generation, reforestation efforts, and coral reef protection, all geared towards safeguarding the planet for future generations.
Compare ALGO to:
Cumulative %As of Feb 28, 2024
Bluefin Europe LLP
Virtu Financial Ireland Limited
How to invest: A step by step guideEverything you need to know to invest in our products at 21shares.
*It is important to note that market orders will execute at current market price, while limit orders allow investors to set a specific price at which to buy or sell the ETP.