21Shares Launches First DeFi ETP in Europe and Layer 1 Index ETP
- With the 21Shares DeFi 10 Infrastructure ETP, 21Shares is the first provider in Europe to launch an ETP based on a DeFi index.
- The 21Shares Layer 1 ETP invests exclusively in Layer 1 blockchains, which represent the technical basis of the DeFi universe and the entire crypto industry.
ZURICH, Switzerland, May 12, 2022 /PRNewswire/ — 21Shares AG (“21Shares”), a Swiss-based issuer of crypto Exchange Traded Products (ETPs), today announces the launch of the new 21Shares Layer 1 and 21Shares DeFi 10 Infrastructure ETPs on SIX Swiss and BX Swiss Exchange respectively. Both of these new products allow investors to invest in the services and technical fundamentals of the DeFi industry.
21Shares Layer 1 ETP offers thematic exposure to blockchain foundations
The 21Shares Layer 1 ETP (symbol: LAY1) is listed on SIX Swiss Exchange as of today, May 12, 2022, and offers investors targeted exposure to the blockchains that form the technical foundation of the DeFi universe. To this end, LAY1 tracks an index which was custom-tailored by index provider Vinter and invests in an index that includes the fiv largest Layer 1 blockchains — with a maximum weighting of 30 percent per blockchain. Rebalancing is conducted on a quarterly basis.
21Shares DeFi 10 Infrastructure ETP: dApps for the future of finance
The 21Shares DeFi 10 Infrastructure ETP (symbol: DEFII) is planned to be listed on BX Swiss Exchange on May 18, 2022. It is designed to provide investors targeted exposure to the emerging decentralized financial services (DeFi) industry rooted in blockchain technology, and tracks the results of a customized index also created by Vinter. This index tracks a combination of the price performance of decentralized DeFi applications (“dApps”) and Layer 1 blockchains, which form the technological basis of DeFi. Each comprises 50 percent of the overall index. The assets in both categories are ranked by market capitalization and reweighted quarterly.
Ophelia Snyder, Co-founder and President of 21Shares, comments:
“Our financial system is at the beginning of a paradigm shift. A plethora of new blockchain-based applications around DeFi and Web3 are already under development and making enormous progress. They are the components of a completely new, democratic and inclusive financial system. With our new thematic crypto ETPs, we’re providing investors with two broadly diversified investment vehicles at the ideal time to participate in this revolution.”
21Shares takes innovation to the next level with the largest suite of cryptocurrency exchange-traded products (ETPs) in the world. In 2018 it pioneered the world’s first cryptocurrency index listing on the SIX Swiss Exchange, and it continues powering its cryptocurrency franchise with cutting-edge research and groundbreaking approaches to product strategy. 21Shares aims to provide all investors with an easy, secure and regulated way to buy, sell and short cryptocurrency through existing bank and brokerage accounts. 21Shares is a Swiss company registered in Zug, Switzerland with offices in Zurich and New York City. For more information, please visit www.21shares.com.
Arielle Sobel, Head of Global Communications
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