The two latest crypto funds from 21shares intervene on Defi

The two latest crypto funds from 21shares intervene on Defi

The cryptofocussed asset manager 21shares has introduced two ETPs that give investors access to the basics of defi.

The company based in Switzerland noted its Layer 1 ETP (Lay1) on Thursday at Six Swiss Exchange. The 21shares Defi 10 Infrastructure ETP (Defii) is expected to be available on May 18 at the BX Swiss Exchange.

lay1 pursues an index Winter developed by the index provider and comprises the 15 largest layer 1 blockchains. There is a maximum weighting of 30 % of an allocation per blockchain, and the new weighting is carried out quarterly.

defii, which also follows a vinter index, focuses on defi applications (decentralized finances) and layer 1 blockchain-each segment represents half of the benchmark. The assets of both categories are arranged according to market capitalization and also newly weighted.

21Shares is the first issuer in Europe to launch an ETP (Exchange Traded Product) based on a defi index. The products are available across Europe, and 21 shares will try to write them down on other regional stock exchanges.

The market launches take place because, according to Ophelia Snyder, co -founder and president of 21shares, "superficial" questions about crypto have passed into a "more nuanced analysis". They added private investors and institutional investors equally in a stronger diversification.

"We wanted products for people who are really interested in certain topics, but maybe not go into the relative performance so deeply why Solana is better for high -frequency trading compared to Ethereum," Snyder told Blockworks.

21Shares has launched a handful of ETPs this year, including products with a focus on AAVE (AAVE), Chainlink (link) and uniswap (university). At the beginning of this year, CEO Hany Rashwan said that the company intended to support the 50 most important cryptocurrencies by the end of the year.

"We are firmly convinced that you should be able to get into the crypto room in as many different ways as possible, very similar to what you can expect from raw materials, stocks or fixed-income securities," said Snyder.

The company also wants to expand geographically in the coming months.

21Shares recently launched the first spot bitcoin and ether ETFs in Australia and hired Carl Hagerup to lead the company's presence in Scandinavia and the Netherlands.

Snyder said that 21shares plans to gain a foothold in the next month - which proposed his first cryptocurrency legislation in March, which is monitored by a new regulatory authority. In recent times, Dubai's crypto supervisory authority said at the beginning of this month that she would set up a virtual headquarters in metaverse.

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The contribution 21Shares' Two Latest Crypto Funds Keying in On Defi is not a financial advice.