{"id":60408,"date":"2024-07-24T10:00:33","date_gmt":"2024-07-24T09:00:33","guid":{"rendered":"https:\/\/www.etfworld.com\/co.uk\/?p=60408"},"modified":"2024-07-24T10:40:45","modified_gmt":"2024-07-24T09:40:45","slug":"21shares-expands-its-us-product-lineup","status":"publish","type":"post","link":"https:\/\/www.etfworld.com\/co.uk\/21shares-expands-its-us-product-lineup\/","title":{"rendered":"21Shares Expands its US Product Lineup"},"content":{"rendered":"<h5 class=\"article-headline\"><strong>21Shares<\/strong> Expands its US Product Lineup with the Launch of the 21Shares Core Ethereum ETF (CETH)<\/h5>\n<p style=\"text-align: justify;\"><!--more--><\/p>\n<p style=\"text-align: center;\"><a href=\"\/co.uk\/newsletter\"><strong>Sign up to our free newsletters<\/strong><\/a><\/p>\n<hr \/>\n<p><strong>Ophelia Snyder, Co-founder and President of 21Shares.<\/strong><\/p>\n<hr \/>\n<p style=\"text-align: justify;\"><em>CETH builds on the Company\u2019s mission to make crypto assets more accessible, straightforward for investors, and serves as a testament to the asset class\u2019s global momentum<\/em><\/p>\n<p style=\"text-align: justify;\">21Shares US LLC (&#8220;21Shares&#8221;), an affiliate of 21Shares AG, one of the world\u2019s largest issuers of crypto exchange traded funds (ETFs), today announced the launch of the 21Shares Core Ethereum ETF (CETH). CETH is not a fund registered under the Investment Company Act of 1940, as amended (\u201c1940 Act\u201d), and is not subject to regulation under the 1940 Act, unlike most exchange traded products or ETFs. CETH is subject to significant risk and heightened volatility. The fund is not suitable for all investors.<\/p>\n<p style=\"text-align: justify;\">With a total expense ratio (TER) of 0.21%, CETH\u2019s investment objective is to seek to track the performance of Ether (ETH), the second-largest crypto asset by market capitalization. In addition, CETH represents 21Shares\u2019 latest addition to its growing lineup of US products and underscores the firm\u2019s growth and commitment to the US market.<\/p>\n<p style=\"text-align: justify;\">Ethereum is a decentralized smart-contract platform that revolutionized the world of blockchain. ETH, the native crypto asset of the network, is the fuel that allows Ethereum to operate in the same way that we use oil to propel vehicles, heat buildings, and produce electricity in the physical world. Much like Bitcoin, Ethereum is a peer-to-peer network where transactions are recorded in a publicly available, decentralized ledger. What\u2019s different about Ethereum is that it launched out of Bitcoin\u2019s initial limitation as a simple settlement layer where people send and receive coins. From the start, Ethereum positioned itself as the infrastructure for building applications similar to websites or mobile applications on top of a fully decentralized internet. In other words, Ethereum provides a globally permissionless app store and a platform for Web3 \u2013 a new iteration of the world wide web \u2013 innovation.<\/p>\n<p style=\"text-align: justify;\">Since 2018, 21Shares has pioneered the innovation of crypto asset exchange traded products (ETPs) globally, with listings on some of the biggest, most-liquid securities exchanges around the world, including London Stock Exchange, Nasdaq OMX, Euronext Paris and Amsterdam, Deutsche B\u00f6rse Xetra, and SIX Swiss Exchange. This allows investors to gain exposure to crypto through their existing bank or brokerage, removes complexity around tax reporting, and offers investors better custody and operational risk management than holding physical crypto.<\/p>\n<p style=\"text-align: justify;\">&#8220;21Shares is at the forefront of a financial revolution, as investor demand for crypto asset ETF continues to ramp up in lock-step with evolving regulatory frameworks around the world. Our mission \u2013 to make crypto assets more accessible to investors, and to bridge the gap between traditional finance and decentralized finance \u2013 is now more attainable than ever. There is a growing acceptance that crypto is here to stay and will play a role in the evolution of the financial system,\u201d said <span style=\"color: #56aa1c;\"><strong>Ophelia Snyder, Co-founder and President of 21Shares.<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">Snyder continued, \u201cWhile Bitcoin is often classified closely with commodities, Ethereum presents a unique investment case. As a platform that fuels innovation and powers the next generation of the internet, Ethereum aligns more closely with technology investments, marking an exciting potential opportunity for investors. CETH, as the latest addition to 21Shares\u2019 growing US product lineup, represents an important step for crypto asset accessibility to US investors and we\u2019re thrilled to bring this product to the US market.\u201d<\/p>\n<p style=\"text-align: justify;\">CETH is 21Shares\u2019 seventh product in the US and underscores 21Shares\u2019 continued growth in the US market, which now includes over $3.2bn in assets under management and nearly 50 full-time employees.<\/p>\n<p style=\"text-align: justify;\">Source: ETFWorld.co.uk<\/p>\n","protected":false},"excerpt":{"rendered":"<p>21Shares Expands its US Product Lineup with the Launch of the 21Shares Core Ethereum ETF (CETH)<\/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":null,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"default","_twitter_share_type":"default","_linkedin_share_type":"default","_pinterest_share_type":"default","_linkedin_share_type_page":"","_instagram_share_type":"default","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":null,"_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-60408","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\/60408","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=60408"}],"version-history":[{"count":1,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/60408\/revisions"}],"predecessor-version":[{"id":60409,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/posts\/60408\/revisions\/60409"}],"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=60408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/categories?post=60408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/co.uk\/wp-json\/wp\/v2\/tags?post=60408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}