{"id":25462,"date":"2022-05-25T10:00:01","date_gmt":"2022-05-25T09:00:01","guid":{"rendered":"https:\/\/www.etfworld.com\/co.uk\/?p=25462"},"modified":"2022-05-25T10:53:05","modified_gmt":"2022-05-25T09:53:05","slug":"21shares-launches-usdy-the-worlds-first-usd-yield-etp","status":"publish","type":"post","link":"https:\/\/www.etfworld.com\/co.uk\/21shares-launches-usdy-the-worlds-first-usd-yield-etp\/","title":{"rendered":"21Shares Launches USDY, the World\u2019s First USD Yield ETP"},"content":{"rendered":"

21Shares AG today announces the listing of the 21Shares USD Yield ETP (USDY). USDY provides collateralized dollar-denominated yield at the rate of 5%. USDY generates yield by taking in US dollars and lending them to counterparties against a minimum of 110% collateral in BTC and ETH marked-to-market daily.<\/p>\n

<\/p>\n

Sign up to our free newsletters<\/strong><\/a><\/p>\n

\n

Ophelia Snyder, President and co-founder at 21Shares<\/strong><\/p>\n

\n

The 21Shares USD Yield ETP provides investors collateralized dollar-denominated yield at the rate of 5%<\/p>\n

The yield is generated by lending USD to well known counterparties in the crypto space.<\/p>\n

After more than a decade of historically low interest rates and high asset values combined with a highly inflationary environment, investors face extraordinary challenges in building cash portfolios. The 21Shares USDY ETP enables yield-seeking investors to participate directly in the profits of lending USD in the crypto space without taking any direct crypto price exposure. The returns generated are added directly to the net asset value (NAV) of the ETP.<\/strong><\/p>\n

\u00a0\u201cWe\u2019re in an environment where real interest rates are negative and we\u2019re really excited to offer a first of its kind product that can provide meaningful risk adjusted yield. USDY does this by tapping into the crypto capital markets where rates are higher while also providing liquidity,\u201d said Ophelia Snyder, President and co-founder at 21Shares<\/strong><\/span>. \u201cWith USDY, we\u2019re introducing a financial product fully dedicated to providing yield \u2013 and minimizing risk while reaffirming the vision of 21Shares, to build bridges into the crypto world.\u201d<\/p>\n

The 21Shares USDY ETP will be listed on SIX Swiss exchange as of May 25, 2022 and is available to investors in USD.<\/p>\n

Product Details<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n
Security Designation<\/td>\n21Shares USD Yield ETP<\/td>\n<\/tr>\n
Fee<\/td>\n0.30%<\/td>\n<\/tr>\n
ISIN<\/td>\nCH0577286005<\/td>\n<\/tr>\n
Issuer<\/td>\n21Shares AG<\/td>\n<\/tr>\n
Exchange Listing<\/td>\nSIX Swiss Exchange<\/td>\n<\/tr>\n
Custody<\/td>\nCopper<\/td>\n<\/tr>\n
Market Maker<\/td>\nFlow Traders<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: ETFWorld.co.uk<\/p>\n","protected":false},"excerpt":{"rendered":"

21Shares AG today announces the listing of the 21Shares USD Yield ETP (USDY). USDY provides collateralized dollar-denominated yield at the rate of 5%. USDY generates yield by taking in US dollars and lending them to counterparties against a minimum of 110% collateral in BTC and ETH marked-to-market daily.<\/p>\n","protected":false},"author":4,"featured_media":25463,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"telegram_tosend":false,"telegram_tosend_message":"","telegram_tosend_target":0,"footnotes":"","_wpscp_schedule_draft_date":"","_wpscp_schedule_republish_date":"","_wpscppro_advance_schedule":false,"_wpscppro_advance_schedule_date":"","_wpscppro_dont_share_socialmedia":false,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[4],"tags":[372],"class_list":["post-25462","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-etf-europe","tag-21shares"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"_links":{"self":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/25462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/comments?post=25462"}],"version-history":[{"count":1,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/25462\/revisions"}],"predecessor-version":[{"id":25464,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/25462\/revisions\/25464"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/media\/25463"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/media?parent=25462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/categories?post=25462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/tags?post=25462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}