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Nasdaq welcomes 21Shares as the first issuer for Exchange Traded Notes

By Joy Dumasia

December 13, 2021

  • 21Shares
  • Bitcoin
  • Etherum

Nasdaq announced that 21Shares had listed its first two physically-backed exchange-traded notes (ETNs) on Nasdaq Stockholm. The two instruments listed have Bitcoin (ISIN: CH0454664001) and Ethereum (ISIN: CH0454664027). In conjunction with the listing, Nasdaq launches a new segment for ETNs, securities listed on a regulated exchange tracking an underlying asset with liquidity supported by a market maker.

21Shares, one of the world’s largest issuers of cryptocurrency exchange-traded products (ETPs), are listing the first two physically-backed products on Nasdaq Stockholm with Bitcoin (Ticker: ABTC) and Ethereum (Ticker: AETH) as underlying assets. As of November, 21Shares managed USD 2.9 billion in 20 European crypto exchange-traded products and 82 listings.

Hany Rashwan, CEO of 21Shares, said: “We are excited to become the first issuer of physically-backed crypto ETNs for Nasdaq Stockholm, one of the most tech-forward global exchanges. Our partnership is a strong endorsement of 21Shares’ mission to make cryptos more accessible in a simple and regulated manner.”

In 2015, Nasdaq Stockholm was among the first exchanges to trade exchange-listed products with Bitcoin as an underlying asset. All ETNs listed at Nasdaq Stockholm can trade through regular banks and brokers.

Helena Wedin, European Head of Exchange Traded Products at Nasdaq, said: “Exchange Traded Notes provide access to alternative investments while maintaining the transparency of a regulated marketplace, and we are happy to launch this new segment at Nasdaq Stockholm with 21Shares as the first issuer.”

Recently, IBS Intelligence reported that 21Shares AG, the world’s largest issuer of crypto ETPs, announced the seed funding of the 21Shares Polygon ETP on the SIX Swiss Exchange by the Polygon Foundation. The Polygon ETP tracks the investment results of Polygon, an Ethereum scaling platform onboarding millions to Web3.

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