The world’s largest cryptocurrency ETP issuer launches two index funds that track several of the largest cryptocurrencies by market capitalization
Today, accredited U.S. investors can conduct private placements as part of a larger focus on supporting investor interest in cryptocurrencies. U.S.
New York, May 18, 2022 /PRNewswire/ — 21Shares US Advisers LLC, an affiliated entity of 21Shares AG (“21Shares”), the world’s largest issuer of cryptocurrency exchange-traded products (ETPs), today marks its entry into the U.S. market with the launch of two private funds , which provides accredited investors with broad exposure to large and mid-cap crypto assets.
The two index funds launched today – the 21Shares Crypto Basket 10 Index Fund and the 21Shares Crypto Mid-Cap Index Fund – will seek to track the performance of the “Vinter 21Shares Crypto Basket 10 US Index” and “Vinter 21Shares Crypto Mid-Cap US Index” “Comprised of several of the largest cryptocurrencies by market capitalization, the two funds will be rebalanced and restructured quarterly to reflect the dynamic nature of the crypto space. As of today, accredited U.S. investors can invest in these funds.
“Over the past four years, 21Shares has built a globally-recognized crypto product portfolio. Today, we are proud to expand access to our well-known and proven brands by entering the U.S. market,” said Hani Rushwan, CEO and Co-Founder, 21Shares. “Our global mission is to build bridges to the world of cryptocurrencies, and today’s launch of these two funds is ideal for U.S. investors eager to introduce cryptocurrencies into their portfolios or looking to diversify their crypto holdings. key component.”
The 21Shares Crypto Basket 10 Index Fund tracks the prices of the top ten cryptocurrencies by market capitalization on U.S. exchanges. Given the 21Shares Crypto Basket 10 Index Fund’s heavy allocation to the most well-known and established cryptocurrencies (Bitcoin and Ethereum), the 21Shares Mid Cap Index Fund provides diversified exposure to the next tier of emerging cryptocurrencies that are in 3 to 10 digit market capitalization.
“Historically, the cumulative returns of the top 12 cryptocurrencies have significantly outperformed traditional indices such as the S&P 500, Dow Jones Industrial Average or Nasdaq Composite,” said Arthur Claus, Product Director at 21Shares. “Our two new index funds enable accredited investors to participate in cryptocurrencies without the responsibility of managing custody arrangements, keeping track of private keys and passwords, or being vulnerable to hacking or security breaches.”
To learn more about the 21Shares Crypto Basket 10 Index Fund and 21Shares Crypto Mid Cap Index Fund or 21Shares, visit www.21shares.com/en-us.
Ariel SobelHead of Global Communications
About 21 shares:
21Shares takes innovation to the next level with the world’s largest suite of cryptocurrency exchange-traded products (ETPs). In 2018, it was the first to list the world’s first cryptocurrency index on the six major Swiss exchanges and continues to power its cryptocurrency franchise through cutting-edge research and a ground-breaking product strategy approach. 21Shares aims to provide all investors with an easy, secure and regulated way to buy, sell and short cryptocurrencies through existing bank and brokerage accounts. 21Shares is a Swiss company registered in Zug, Switzerland Has an office Zurich and New York City. For more information visit www.21shares.com.
Units are not registered under the U.S. Securities Act of 1933 (the “Securities Act”), the U.S. Securities Exchange Act of 1934, the U.S. Investment Company Act of 1940, or any state securities laws. The Fund’s investment manager, 21Shares US Advisers LLC, is not registered with the U.S. Securities and Exchange Commission (“SEC”). Units of the Fund are available for private placements and are available only to accredited investors pursuant to an exemption from registration under Section 506(c) of the Securities Act. Consequently, the units of the fund are restricted and subject to significant restrictions on resale and transfer. The offer and sale of Units is not registered or approved or disapproved with the U.S. Securities and Exchange Commission or any securities commission or regulatory authority in any state or foreign jurisdiction, and no such registration is intended. Fund units are not available to residents residing in any territory and obtaining such benefits would be a violation of applicable law.
This information does not constitute an offer to sell or an invitation to buy units of the fund. Any offer to sell or solicitation to purchase units of the Fund will be made only through the Fund’s final offering documents, including the Fund’s Confidential Private Placement Memorandum, the Limited Partnership Agreement, as amended and restated and the Subscription Agreement (collectively, the “Offer Documents”). The offering documents describe the investment and other risks associated with investing in the fund (including the risk of losing all or part of an investor’s investment) and the conflicts of interest of 21Shares and other service providers related to the fund, and all information set forth herein is Subject to the full limitations of the Offering Documents. You should carefully consider the Fund’s investment objectives, risk factors and charges and expenses before investing.
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