21Shares AG, a Zurich-based company leader in cryptocurrency ETPs, announces the launch of two new ETPs on Swiss Exchange SIX, bringing the number of listings on this platform to 25. The two new products are the 21Shares Crypto Basket Equal Weight ETP ( Ticker: HODLV) and the 21Shares Crypto Basket 10 ETP (Ticker: HODLX).
21Shares Crypto Basket Equal Weight ETP (HODLV) is a passive and ruled-based ETP, which tracks the performance of Vinter’s HODLV Index. The latter reproduces the trend of the 5 most important cryptocurrencies, all equally weighted and rebalanced quarterly.
21Shares Crypto Basket Index 10 ETP (HODLX) is a passive and ruled-based ETP, which tracks the performance of Vinter’s HODLX Index. The latter reproduces the trend of the top 10 cryptocurrencies by market capitalization and is rebalanced every three months.
The company points out that “Investors who adopt a buy-and-hold strategy benefit from exposure to more cryptocurrencies and the fact that the products can be purchased simply by going to a bank or broker who has access to Swiss Exchange. SIX. The underlying assets are 100% collateralised and kept in secure locations ».
Massimo Siano, 21Shares Head of Southern Europe explains: “The listing of these 2 new ETP baskets will also help Italian investors to diversify their portfolios. with cryptocurrencies but also between cryptocurrencies. Objectively, the volatility of digital assets is very high and these products have been developed to allow even the most risk-averse investors to diversify between 10 different cryptocurrencies ».
More data and details on these digital assets and many others are available on the 21Shares website: 21shares.com/research
In September 2021, 21Shares manages assets in excess of $ 1.8 billion, divided into 15 ETPs, including the first ETPs on Binance and Ethereum, an ETP on Tezos, an ETP comprising multiple digital assets and, more recently, an ETP on Cardano.
21Shares AG is the world‘s leading cryptocurrency ETP company, with 16 dedicated products (more than any other in the world) including the first physically replicated indices on Bitcoin, Ethereum and Crypto. In 2018, he built HODL, the world‘s first ETP on a cryptocurrency basket listed on the SIX Swiss Exchange.