You can buy/sell our ETPs as usual via your existing custody account at your bank or broker - no external wallet is required for this. You can find our products with the corresponding ISIN, symbol, WKN or Valor at your custody provider. Our ETPs are tradable during the respective trading hours of the stock exchange (SIX, Deutsche Börse, Euronext, etc.).
Can I buy ETPs directly through 21Shares?
No, you have the option to purchase our products through your existing custody account with your bank or broker. If you do not find our products on your platform, send an email to your custody provider to request access.
What are the fees for 21Shares products?
Similar to traditionally managed funds, our management fee is 1.49% or 2.5% p.a. depending on the product. This management fee is priced into the value of our ETPs on a daily basis. In addition, since our products are bought and sold just like stocks, the usual transaction costs apply. These are independent of 21Shares and are charged by your bank/broker.
How are 21Shares products structured?
21Shares ETPs are open-ended and have no foreseen expiration date. Our products are physically replicated, meaning they are fully collateralized by the underlying assets they track with 1:1 leverage. The underlying crypto assets are deposited in an offline wallet, also called "cold storage".
What is the investment minimum?
The trading of our ETPs takes place in whole pieces. The minimum invested amount is therefore the price of a single share (no fractions).
Can I invest in 21Shares ETPs if I live outside of Switzerland?
The ETPs of 21Shares are currently tradable on 9 exchanges (e.g. SIX, Xetra, Euronext, etc.). So if your bank/broker offers one of these trading venues, you have the possibility to purchase our products.
What are the benefits of purchasing 21Shares products versus buying the underlying assets on a traditional Crypto exchange (i.e Binance, Coinbase, BitMEX)?
Since the crypto market is still in its infancy, you still encounter some issues when investing directly: custody, security, loss of private keys, trusted information, opening external wallets, and much more.
At 21Shares, our mission is to provide access to crypto assets for everyone. Our ETPs are 100% physically replicated, segregated, and deposited into an offline wallet, also known as "cold storage". Investors can invest directly through their existing custody account and do not require any resources for the management, custody and security of the underlying crypto assets.
Where can I find the amount of digital assets in collateral for each of 21Shares’s products?
The relevant information on our AUM (Asset Under Management) can be found on the respective product page and in the product brochures.
What is 21Shares and why were the products previously under Amun?
On March 2, 2020, we rebranded our ETP line to 21Shares to, among other things, differentiate our product line. 21Shares offers our exchange-traded ETPs and Amun offers immediate token investing for advanced crypto enthusiasts with their own crypto wallet.
What is an ETP?
Exchange Traded Products (ETPs) are collateralized, non-interest paying debt securities designed to replicate the performance of an underlying asset. In the case of 21Shares’s ETPs, our products replicate the performance of the crypto asset (Bitcoin, Ethereum, Ripple, Bitcoin Cash) or the index it tracks (HODL5, BIT10, ABBA).
How does 21Shares price the underlying assets of its products?
21Shares values the basket on a pure crypto basis. Each fraction of our ETPs corresponds to a predefined crypto number, which can be seen in our product overview and the Final Terms of the ETPs. This number determines how many fractional shares of the underlying crypto assets are needed to back the value of one ETP.
How does an ETP differ from an ETF?
Although ETPs are structured and operate very similarly to traditional Exchange Traded Funds (ETFs), the primary difference between the two is that ETPs are debt securities issued by a Special Purpose Vehicle (SPV) instead.
How is the market price of an ETP determined?
The market price of our 21Shares products replicates the equivalent value of the underlying crypto asset. Therefore, the price of the ETPs in the secondary market is close to the net asset value (NAV) of the product. Any discrepancies between the market price (supply and demand) and the NAV of its underlying constituents, would trigger arbitrage activities by market participants, causing the market price to move again towards NAV.
What is the difference between the NAV per unit and the market price?
The Net Asset Value (NAV) per unit of an ETP denotes the dollar value of the underlying units. As a result, this is considered the "fair value", which is determined daily at the end of the day. On the other hand, we have the market price, which reflects the price from the last trade.
Why does the market price of the ETP sometimes differ from the NAV?
The market price of our ETPs is determined by supply and demand in the secondary markets. Depending on market forces, the market price may be above (referred to as the "premium") or below (referred to as the "discount") the NAV of the product.
How does 21Shares ensure the security of the underlying assets of the ETPs?
The digital assets are held in cold-storage at industry-leading custodian banks. We have taken a number of measures to ensure the security of the underlying assets. These measures include: Cryptographic security, offline protection, multiple private keys, and whitelisting of wallets.
Are 21Shares’s products collateralized? And if so, how much?
Our ETPs are collateralized debt obligations. As an issuer, 21Shares AG is always obliged to collateralize these products 100%.
How are iNAVs calculated?
The iNAVs for our products are distributed and calculated by Solactive AG. These data are available via Bloomberg, Reuters and IHS Markit.
How can I launch an ETP with 21Shares?
Our goal is to help others launch their own products. If you are interested in launching an ETP, please contact [email protected]. There you will find more information on how 21Shares can help you.