Thursday, October 5, 2023

21Shares Reveals Two ETPs


The launch of two new exchange-traded products (ETPs) with the ticker symbols LAY1 and DEFII has been announced by 21Shares.

This gives investors access to decentralized finance (DeFi) solutions as well as the leading layer-1 blockchains that serve as the DeFi space’s technical backbone. The Layer1 ETP from 21Shares is now available on the SIX Swiss Exchange. The DeFi 10 Infrastructure ETP, on the other hand, will launch on the BX Swiss Exchange on May 18, 2022.

21Shares DeFi & Layer1 ETPs

21Shares is a Swiss company that claims to make crypto investing simple by utilizing traditional banking institutions. Furthermore, they’ve introduced two new ETPs. This comes just one month after the company launched the SAND ETP to let investors to profit from the fast developing metaverse sector.

The two new investment options, according to the company, designs to allow investors to invest in the DeFi ecosystem. The 21Shares Layer 1 ETP (symbol: LAY1) and the 21Shares DeFi 10 Infrastructure ETP were given these names. This also allows them to power by layer-1 distributed ledger technology (DLT) networks.

Moreover, the 21Shares Layer1 ETP currently lists on the SIX Swiss Exchange, according to a news release. It invests in an index comprised of the top five layer-1 blockchains. It has a maximum weighting of 30% per blockchain, with rebalancing occurring every quarter.

The 21Shares DeFi 10 Infrastructure ETP (DEFII), on the other hand, means to give investors focused exposure to the expanding DeFi market, according to the team. DEFII is a customized index that tracks the price action of decentralized DeFi applications as well as their underlying layer1 blockchains.

Each dApp in the DEFII index accounts for 50% of the total index. Both categories’ cryptoassets sorts by market capitalisation, with rebalancing done quarterly. On May 18, 2022, the BX Swiss Exchange will launch the DEFII ETP. Vinter, a regulated crypto-focused index provider, customized both the Layer 1 ETP and the DeFi 10 Infrastructure ETP.

Paradigm Shift

With this latest achievement, 21Shares becomes the first European issuer to establish an ETP based on a DeFi index. The launch of ETPs discussed by Ophelia Snyder, co-founder and president of 21Shares. She believes their financial system is about to undergo a fundamental transformation.

Additionally, a slew of innovative blockchain-based applications centered on DeFi and Web3 are already in the works and making significant progress. They are the building blocks of a brand-new, democratic, and inclusive financial system. They are presenting investors with two broadly diversified investment vehicles at the appropriate time to engage in this change with their new thematic crypto ETPs.

21Shares, a significant ETP provider in the blockchain arena, having been founded in 2018. The company has already released a number of ETPs in 2022. It provides investors with access to some of the most promising crypto and DeFi ventures. Uniswap (UNI), Aave (AAVE), and Chainlink are examples of this (LINK).

21Shares hit yet another big milestone in the crypto world on May 12, 2022. This comes after the Cboe Australia exchange started trading its spot bitcoin (BTC) and ether exchange-traded fund (ETF). It became the first crypto spot ETF in the Asia-Pacific area as a result of this.

Miguel Garcia
Miguel Garcia
Miguel Garcia is a writer for Cryptoconstellation. Miguel has always been fascinated with Crypto. He has experience in Business and finance. Miguel loves sport cars and football.

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