The world’s largest issuer of physically-backed crypto ETPs, 21Shares, announces the listing of Polygon, Avalanche and Algorand ETPs on the SIX Swiss Exchange. This brings the total number of crypto ETP products issued to 80 listings on Swiss and European markets.
All new ETPs are accessible to investors using a bank or broker that has access to the SIX Swiss Exchange - with no additional special set-up needed. The ETPs are fully backed by the underlying crypto asset and is held in institutional-grade security and custody solution, using state-of-the-art cold storage and safety measures, including multiple private keys, whitelisting, and audit trails.
The three new ETPs
The 21Shares Polygon ETP, Ticker: POLY (ISIN CH1129538448) tracks the investment results of Polygon an Ethereum scaling platform onboarding millions to Web3. Hosting more than 3,000 applications, Polygon has become the most popular full-stack Ethereum scaling solution due to its high speed, low transaction cost, and network composability.
The 21Shares Avalanche ETP, Ticker: AVAX (ISIN: CH1135202088) tracks the investment results of Avalanche, an Ethereum rival, which aims to unseat the most popular blockchain for smart contracts. Its key strength is the higher transaction output of up to 6’500 transactions per second, while not compromising scalability.
The 21Shares ETP Algorand, Ticker: ALGO (ISIN: CH1146882316) tracks the investment results of Algorand, a layer 1 blockchain solution supporting the creation of decentralized applications. Algorand was founded by Silvio Micali, Professor at the MIT, and a recipient of the Turing Award in computer science, often referred to as the Nobel Prize of computing.
"Adding Polygon, Avalanche and Algorand to our already expansive suite of single-asset ETPs delivers another simple and easy option for investors to enter the crypto asset class, and allows us to continue fulfilling our mission to build the simplest and most transparent way to access this asset class." - Hany Rashwan, Co-Founder, and CEO of 21Shares
