21shares

The main activity of 21Shares is the creation and management of exchange-traded financial products (ETPs, Exchange Traded Products) backed by crypto-assets. 21Shares positions itself as the first and largest global issuer of cryptocurrency ETPs, offering simple, secure, and regulated access to investment in digital assets, for both institutional and retail investors.

Products and services offered:

• Single asset ETPs: Track the performance of a specific cryptocurrency (e.g., Bitcoin, Ethereum, Solana, Dogecoin, etc.), with physical holding and a structure compliant with regulations.
• Diversified indices: ETPs offering passive exposure to a basket of crypto-assets, periodically rebalanced to diversify risk.
• Smart Index: ETPs dynamically managed to limit volatility, by allocating part of the assets to safe havens such as gold or the dollar.
• Staking products: ETPs allowing passive income generation through staking of the underlying cryptocurrencies.
• Thematic products: ETPs focused on American innovation or on community and responsible initiatives.

Target market: 21Shares targets both retail and institutional investors, mainly in Europe, the United States, the United Kingdom, Switzerland, Brazil, the United Arab Emirates, and other jurisdictions where its products are available. 21Shares ETPs are listed on several major global exchanges, thus facilitating access to crypto-asset investment through traditional securities accounts.

In summary, 21Shares democratizes access to cryptocurrency investment through a comprehensive range of innovative financial products, tailored to different investor profiles and various strategies for exposure to digital assets.

History and Key Milestones of 21Shares

21Shares, founded in 2018 in Zurich, has become the first and largest global issuer of ETPs (Exchange Traded Products) on cryptocurrencies. The company was created to simplify and secure access to digital assets for both institutional and retail investors by offering regulated financial products that are easily accessible through traditional brokers.

Key milestones in its development:

• 2018: Creation of 21Shares in Zurich, Switzerland. The company launches its first ETPs on the Swiss market, allowing investment in Bitcoin and other cryptocurrencies through exchange-listed products.
• Rapid expansion: 21Shares expands its product range to include ETPs on numerous digital assets (Bitcoin, Ethereum, Solana, Cardano, etc.), diversified indices, staking products, and smart indices managing volatility.
• Product innovation: Launch of the world’s first Bitcoin ETP, followed by many other innovative products, such as the first Dogecoin ETP, asset baskets (indices), and ETPs combining crypto and gold.
• Internationalization: 21Shares’ ETPs are now listed on 12 exchanges worldwide, making the products accessible to an international clientele.
• Strategic partnerships: In 2025, 21Shares announces a major partnership with FalconX, strengthening its position in the institutional market and accelerating its global development.
• Key figures: In October 2025, 21Shares manages over 11 billion dollars in assets under management and offers 48 different ETPs.
• Commitments: The company has also been committed to climate responsibility and sustainable development since its creation.

21Shares continues to innovate by regularly launching new products, adapting its offerings to changes in the crypto market, and developing solutions to meet the needs of institutional and retail investors worldwide.

21Shares was founded in 2018 by Hany Rashwan and Ophelia Snyder. Hany Rashwan held the position of CEO and Ophelia Snyder that of President. Both are now co-chairs of the parent company 21.co.

Among the recent members of the management team is also Adrian Fritz (Chief Investment Strategist), who was promoted after serving as Global Head of Research.

The management team has evolved recently, notably after the acquisition of 21Shares by FalconX, but Hany Rashwan and Ophelia Snyder remain the founding and strategic figures of the company.

Since its creation in 2018, 21Shares has been primarily funded through fundraising from institutional and venture capital investors. In December 2020, 21Shares raised $25 million in a funding round led by Cathie Wood via ARK Investment Management. In February 2022, the company raised an additional $25 million in a Series B round led by Marshall Wace, with participation from Collab+Currency and Quiet Ventures. These funds have enabled 21Shares to support its international expansion and the development of new financial products related to crypto-assets.