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Press Release: 21Shares To Launch UK Bitcoin ETP On Aquis Exchange With GHCO

06/07/2021 | 02:31am EDT
 
   UK launch to follow recent successful debut on Euronext Paris and 
Amsterdam 
 
   London | Zurich - 7 June 2021 - 
https://www.globenewswire.com/Tracker?data=gc1bSsnXWSMmDPgnBHS48o5KqQqC01T9rlZtr3wu6CXhMOycE4M9rmFgNEcaUSr0KXG-6SiosKOxa18qdSmbSg== 
21Shares, the Swiss pioneering Crypto ETP issuer, today announced that 
one of the first cryptocurrency exchange traded products ('ETPs') will 
become available to institutional investors in the UK to trade on Aquis 
Exchange. This arrangement is in partnership with GHCO, a leading 
market-maker and liquidity provider specialising in ETFs. 
 
   The 21Shares Bitcoin ETP (ABTC) will become available on Aquis Exchange, 
a pan-European MTF business based in London and Paris which offers 
trading in some of the biggest and most liquid stocks across 15 European 
markets. The ETP will be centrally cleared (CCP) and is engineered like 
an ETF. ETPs trade on exchanges in a similar manner to a listed stock 
and institutional investors in the UK will get exposure to Bitcoin via a 
regulated framework and structure which they are already accustomed to. 
 
   The ETP has been designed to provide institutional UK investors with 
secure and cost-effective exposure to Bitcoin without the associated 
Bitcoin custody and security challenges. One unit of 21Shares Bitcoin 
ETP represents exposure to roughly 0.00035 Bitcoin entitlement. 
 
   GHCO, an Authorised Participant (AP) for the 21Shares product, will act 
as the liquidity provider for the Bitcoin ETP, meaning that 
institutional investors will have access to ample liquidity as easily as 
the underlying asset. GHCO has been actively trading ETFs and recently 
started quoting crypto ETPs. It has an unrivalled track record in 
quoting the tightest spreads, a key demand for institutional investors. 
 
   21Shares is the largest cryptocurrency ETP issuer in the world, with 
over $1.5bn in AUM across 14 ETPs available on several European stock 
exchanges. The UK launch follows over two years of successful testing 
and launching of cryptocurrency ETPs by 21Shares for institutional 
investors in Germany, Switzerland, France, Austria and the Netherlands. 
 
   21Shares and Aquis Exchange plan to cooperate on bringing more of 
21Shares' suite of institutional cryptocurrency products to 
institutional investors in the UK, including ETPs in other prominent 
cryptocurrencies such as Ethereum, Ripple, Tezos, Polkadot, Cardano and 
Stellar. 
 
   Hany Rashwan, CEO of 21Shares said: "This is the right time to bring our 
successful crypto ETP to the institutional UK market. Our strong track 
record and existing institutional reach across continental Europe means 
that investors can confidently gain exposure to Bitcoin via a liquid and 
conventional investment product." 
 
   Dan Izzo, CEO of GHCO, added: "ETPs are a key development for investing 
in crypto assets as it matures as an asset class. We expect more demand 
for this reliable, easily-accessible infrastructure with deep pools of 
liquidity -- liquidity that we are happy to facilitate." 
 
   Alasdair Haynes, CEO of Aquis Exchange concluded: "We have been working 
alongside 21Shares on this project as we are keen to respond to 
institutional demand in the UK for digital assets." 
 
   21Shares Bitcoin ETP will be available on Aquis Exchange for 
professional investors only. The forthcoming UK launch is expected to 
take place this summer and follows recent successful debuts on Euronext 
Paris and Amsterdam on 1st June. 
 
   ISIN : CH0454664001 - ABTC -  21Shares Bitcoin ETP (man. fees 1.49%) in 
USD & GBP 
 
   About 21Shares 
 
   21Shares makes investing in crypto assets as easy as buying shares using 
your conventional broker or bank. Investors can invest in 
cryptocurrencies using a conventional ETP structure (or tracker) easily, 
with total confidence and security and cost-effectively thanks to the 
21Shares suite of ETPs now composed of 14 Crypto ETPs : the 21Shares 
Crypto Basket Index ETP (HODL:SW), 21Shares Bitcoin (ABTC:SW | 21XB:GY), 
21Shares Ethereum (AETH:SW), 21Shares XRP (AXRP:SW | 21XX:GR), 21Shares 
Bitcoin Cash ETP (ABCH:SW), 21Shares Binance ETP (ABNB:SW), 21Shares 
Tezos ETP (AXTZ:SW), 21shares Bitcoin Suisse ETP (ABBA:SW), 21Shares 
Bitwise 10 ETP (KEYS:SW), Sygnum Platform Winners Index ETP (MOON:SW), 
21Shares Short Bitcoin ETP (SBTC:SW | 21XS:GY), 21Shares Polkadot ETP 
(ADOT:SW | PDOT:GR), 21Shares Stellar ETP (AXLM SW | XLME GR) and 
21Shares Cardano ETP (AADA SW | DADA GR). The entire suite is listed on 
a regulated framework on the official market of Deutsche Boerse, SIX 
Swiss Exchange, BX Swiss and some on Börse Stuttgart in CHF, USD, 
GBP and EUR respectively. Founded in 2018, 21Shares is led by a team of 
talented serial entrepreneurs and experienced banking professionals from 
the technology and financial world. Incorporated in Zug, with offices in 
Zurich and New York, the company has launched several world firsts, 
including the first listed crypto basket index (HODL) ETP in November 
2018. 21Shares has 14 crypto ETPs listed today and has over $1.5 Bn in 
AuM in total listed products. 
 
   About GHCO 
 
   GHCO is one of the fastest-growing liquidity providers specialising in 
exchange traded funds. It strives to make ETFs accessible in every 
market worldwide with a focus on intelligent algorithmic trading, tight 
spreads, reliable presence and the expertise to price a wide range of 
products. 
 
   With offices in the UK and US, GHCO is a market maker on and off all 
major European exchanges. Throughout a single trading day, GHCO quotes 
thousands of products and helps asset managers to bring even the most 
niche and esoteric products to market. 
 
   For more information, please visit: www.ghco.co.uk 
 
   About Aquis Exchange 
 
   Aquis Exchange PLC is an exchange services group, which operates 
pan-European cash equities trading businesses (Aquis Exchange), growth 
and regulated primary markets (Aquis Stock Exchange/AQSE) and 
develops/licenses exchange software to third parties (Aquis 
Technologies). 
 
   Aquis Exchange is authorised and regulated by the UK Financial Conduct 
Authority and France's Autorité des Marchés Financiers to 
operate Multilateral Trading Facility businesses in the UK and in EU27 
respectively. Aquis operates a lit order book and does not allow 
aggressive non-client proprietary trading, which has resulted in lower 
toxicity and signalling risk on Aquis than other trading venues in 
Europe. According to independent studies, trades on Aquis are less 
likely to lead to price movement than on other lit markets. Aquis uses a 
subscription pricing model which works by charging users according to 
the message traffic they generate, rather than a percentage of the value 
of each stock that they trade. 
 
   Press Contact 
 
   Laurent Kssis +41 44 260 8660 press@21Shares.com 
 
   Belinda Keheyan +44 7768 078 110 bkeheyan@aquis.eu 
https://www.globenewswire.com/Tracker?data=cAwRlsHz3IOOy0ilxZiH55rH6hPW3zYX5QpUdWFTUtqLjlPf3gpok1wIEr25JIIc_lIxqpy04HzHoYivJDKFvph_bzm4S_LKByfx3lkrzQE= 
 
 
   Freddie Barber +44 7825 197 570 fbarber@maitland.co.uk 
 
   Disclaimer 
 
   This document and the information contained herein are not for 
distribution in or into (directly or indirectly) the United States, 
Canada, Australia or Japan or any other jurisdiction in which the 
distribution or release would be unlawful. This document does not 
constitute an offer of securities for sale in or into the United States, 
Canada, Australia or Japan. This document does not constitute an offer 
to sell, or a solicitation of an offer to purchase, any securities in 
the United States. The securities of 21Shares AG to which these 
materials relate have not been and will not be registered under the 
United States Securities Act of 1933, as amended (the "Securities Act"), 
and may not be offered or sold in the United States absent registration 
or an applicable exemption from, or in a transaction not subject to, the 
registration requirements of the Securities Act. There will not be a 
public offering of securities in the United States.This document is only 
being distributed to and is only directed at: (i) to investment 
professionals falling within Article 19(5) of the Financial Services and 
Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); or (ii) 
high net worth entities, and other persons to whom it may lawfully be 
communicated, falling within Article 49(2)(a) to (d) of the Order (all 
such persons together being referred to as "relevant persons"); or (iv) 
persons who fall within Article 43(2) of the Order, including existing 
members and creditors of the Company or (v) any other persons to whom 
this document can be lawfully distributed in circumstances where section 
21(1) of the FSMA does not apply. The Securities are only available to, 
and any invitation, offer or agreement to subscribe, purchase or 
otherwise acquire such securities will be engaged in only with, relevant 
persons. Any person who is not a relevant person should not act or rely 
on this document or any of its contents. In any EEA Member State (other 
than the Austria, Belgium, Denmark, Finland, France, Germany, Great 
Britain, Ireland, Italy, Luxembourg, Malta, the Netherlands, Norway, 
Spain and Sweden) that has implemented the Prospectus Regulation (EU) 
2017/1129, together with any applicable implementing measures in any 
Member State, the "Prospectus Regulation") this communication is only 
addressed to and is only directed at qualified investors in that Member 
State within the meaning of the Prospectus Regulation. Exclusively for 
potential investors in Austria, Belgium, Denmark, Finland, France, 
Germany, Great Britain, Ireland, Italy, Luxembourg, Malta, the 
Netherlands, Norway, Spain and Sweden the 2019 Base Prospectus (EU) is 
made available on the Issuer's website under 

(MORE TO FOLLOW) Dow Jones Newswires

June 07, 2021 02:30 ET (06:30 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
AQUIS EXCHANGE PLC 0.00% 627.5 Delayed Quote.33.51%
BITCOIN - EURO -1.24% 34903.4 Real-time Quote.49.62%
BITCOIN - UNITED STATES DOLLAR -1.26% 41402.83 Real-time Quote.45.13%
BRITISH POUND / US DOLLAR (GBP/USD) 0.06% 1.3906 Delayed Quote.2.12%
DJ INDUSTRIAL -0.42% 34935.47 Delayed Quote.14.63%
ETHEREUM (ETH/BTC) 1.29% 0.059399 Real-time Quote.130.28%
ETHEREUM (ETH/EUR) 0.08% 2074.19 Real-time Quote.244.65%
ETHEREUM - UNITED STATES DOLLAR -0.09% 2460.36 Real-time Quote.234.78%
RIPPLE (XRP/BTC) 0.00% 1.8E-5 Real-time Quote.125.00%
RIPPLE (XRP/EUR) -0.84% 0.62917 Real-time Quote.254.40%
RIPPLE - UNITED STATES DOLLAR -0.94% 0.7464 Real-time Quote.244.12%
US DOLLAR / BRITISH POUND (USD/GBP) -0.06% 0.719114 Delayed Quote.-2.07%
US DOLLAR / SWISS FRANC (USD/CHF) 0.01% 0.905 Delayed Quote.2.36%
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