In an exciting development, the 21Shares Crypto Basket Equal Weight ETP (HODLV) announced its cross-listing on the prestigious German exchange, Xetra. The news was shared through a tweet by 21Shares on July 11, 2023.
We are thrilled to announce that the 21Shares Crypto Basket Equal Weight ETP (Ticker: HODLV) is now cross-listed on the German exchange @Xetra (Ticker: H21V GY, in EUR), Click below for more information:https://t.co/el60BJf77z
1/2 pic.twitter.com/HlKbp8XKAx— 21Shares (@21Shares) July 11, 2023
Traded under the ticker symbol H21V GY in euros, the 21Shares Crypto Basket Equal Weight ETP aims to track the investment performance of an equally-weighted index comprising the top five cryptocurrencies by market capitalization.
Successful Growth Since Inception
Launched in September 2021, the 21Shares Crypto Basket Equal Weight ETP has successfully amassed approximately $4.1 million in assets under management, with a Net Asset Value of $9.48. As of July 11, 2023, the weightings of the cryptocurrencies in the basket are Bitcoin at 23.06%, XRP at 22.31%, Ethereum at 21.81%, Binance Coin at 16.85%, and Cardano at 15.8%.
Copper Technologies (Switzerland) AG serves as the custodian for the 21Shares Crypto Basket Equal Weight ETP, according to the initial prospectus provided by the company. The Law Debenture Trust Corporation PLC takes on the role of collateral agent for the ETP.
Expanding Reach and Visibility in European Market
This cross-listing on Xetra marks a significant milestone for the 21Shares Crypto Basket Equal Weight ETP, further expanding its reach and visibility in the European market.
Frequently Asked Questions (FAQ) about 21Shares Crypto Basket Equal Weight ETP (HODLV)
1. What is the 21Shares Crypto Basket Equal Weight ETP (HODLV)?
The 21Shares Crypto Basket Equal Weight ETP (HODLV) is an Exchange Traded Product that offers investors a simple and secure way to gain exposure to the top five cryptocurrencies by market capitalization. The ETP closely tracks the performance of an equally-weighted index that consists of these cryptocurrencies.
2. Which cryptocurrencies are included in the HODLV ETP?
As of July 11, 2023, the cryptocurrencies included in the HODLV ETP are Bitcoin (23.06%), XRP (22.31%), Ethereum (21.81%), Binance Coin (16.85%), and Cardano (15.8%).
3. How is the ETP structured, and what are the fees involved?
The ETP is designed to offer investors a secure and accessible way to invest in the largest blockchain protocols. 21Shares holds the underlying crypto assets in cold storage, equal to 100% of the value of the notes at all times. The ETP has a management fee of 2.5%.
4. How can I invest in the 21Shares Crypto Basket Equal Weight ETP?
The ETP is listed on multiple exchanges. Investors can purchase shares of the ETP through their brokerage accounts, just like they would with any other stock or ETF. The ETP is now cross-listed on the German exchange Xetra with the ticker symbol H21V GY (in EUR).
5. What are the benefits of investing in the 21Shares Crypto Basket Equal Weight ETP?
Investing in the HODLV ETP provides several benefits, including:
- Easy access to the top five cryptocurrencies by market capitalization.
- Quarterly rebalancing to follow the evolution of the crypto market.
- No need for setting up new accounts or dealing with the complexities of managing private keys and wallets.
- Institutional-grade security and custody solutions, including cold storage, multiple private keys, whitelisting, and audit trails.
6. Who are the service providers for the 21Shares Crypto Basket Equal Weight ETP?
Copper Technologies (Switzerland) AG serves as the custodian for the ETP, while The Law Debenture Trust Corporation PLC acts as the collateral agent. The authorized participants include Flow Traders and Jane Street.
7. How has the performance of the 21Shares Crypto Basket Equal Weight ETP been?
As of July 11, 2023, the ETP has achieved a Year-to-Date (YTD) return of +35.37%. However, it’s important to note that past performance is not an indication of future results.
Keep in mind that investing in cryptocurrencies and related products involves risks, and the value of your investment may fluctuate. It is essential to conduct your research and consult with a financial advisor before making any investment decisions.
