21Shares AG today announced the listing of the largest mid-cap crypto ETP (ISIN: CH1130675676, Ticker: ALTS) on SIX Swiss Exchange.
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Hany Rashwan, co-founder and CEO of 21Shares
Hany Rashwan, CEO 21Shares said: “We are very excited to launch our first mid-cap crypto index ETP and expand our product range to 21 total ETPs by the end of 2021. This is an important milestone in our product roadmap, following the launch of the world’s first crypto ETP on the regulated SIX Swiss Exchange in Switzerland in 2018.”
The 21Shares Mid-Market ETP (ISIN CH1130675676) tracks the investment results of an index capturing the mid-cap portion of the crypto asset market by excluding the two top assets, which are currently Bitcoin and Ethereum.
Binance (BNB) is the cryptocurrency issued by the Binance exchange, the world’s largest crypto exchange and is used to trade and pay fees on the exchange.
Solana (SOL) banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi).
Cardano (ADA) is designed to be a next-gen evolution of the Ethereum idea — with a blockchain that’s a flexible, sustainable, and scalable platform for running smart contracts for decentralized Finance (DeFi).
Ripple (XRP) is a payments settlement system, currency exchange and remittance network that can process transactions around the world.
Polkadot (DOT) is an open source blockchain founded by the Web3 Foundation and acts like a grid connecting all the blockchains with one another.
Litcoin (LTC) is a decentralized peer-to-peer cryptocurrency and one of the first Bitcoin forks.
Polygon (POLY) is Ethereum scaling platform onboarding millions to Web3. Hosting more than 3,000 applications, Polygon has become one of the most popular full-stack Ethereum scaling solution due to its high speed, low transaction cost, and network composability.
Bitcoin Cash (BCH) is a fork of Bitcoin and a decentralized peer-to-peer electronic cash system.
| Underlying Assets, Dec 13, 2021 Cryptocurrency | Weighting | Quantity per ETP | Reference Price |
| BINANCE COIN | 31.05% | 0.011508 ($6.11) | $530.64 |
| SOLANA | 17.60% | 0.021831 ($3.46) | $158.53 |
| CARDANO | 16.50% | 2.590524 ($3.24) | $1.25 |
| RIPPLE | 14.26% | 3.503294 ($2.80) | $0.80 |
| POLKADOT | 10.00% | 0.073760 ($1.97) | $26.65 |
| LITCOIN | 3.80% | 0.005011 ($0.75) | $149.14 |
| POLYGON | 3.52% | 0.380116 ($0.69) | $1.82 |
| BITCOIN CASH | 3.26% | 0.001480 ($0.64) | $433.26 |
Jacob Lindberg, CEO and Co-Founder of Vinter added: “Due to the high market concentration on BTC and ETC the performance contribution of alternative crypto assets is rather small. The Vinter 21Shares Crypto Mid-Cap Index is different. The index selects the top ten crypto assets and then removes the top two – currently BTC and ETH. Investors are provided with diversified exposure to mid-cap crypto assets, or altcoins. Today, the index includes assets like BNB, ADA, and SOL, which outperformed BTC and ETH during 2021.”
Source: ETFWorld.co.uk
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