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Home Tech Crypto Swiss crypto ETP issuer passes $1B assets under management

Swiss crypto ETP issuer passes $1B assets under management

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Summary (IA Generated)

21Shares, a Switzerland-based provider of cryptocurrency exchange-traded products, or ETPs, has recorded a 100% growth in assets under management over the past two weeks.

The company announced Monday that 21Shares has passed the $1 billion mark in AUM across its diversified 12 crypto asset ETPs.

21Shares CEO Hany Rashwan said that the company has seen a meteoric rise in its crypto ETP products recently, doubling AUM in less than two weeks.

The company previously announced that 21Shares broke $500 million in AUM on Feb.

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According to a product break down chart in the announcement, the biggest part of 21Shares’ total AUM came from 21Shares Binance BNB ETP (ABNB) — an ETP tracking the investment results of Binance Coin (BNB).

BNB’s dominant share in the total AUM comes amid Binance Coin’s recent surge, which saw it become the world’s third-largest cryptocurrency on Feb.


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