21Shares Unveils S&P Risk-Controlled Bitcoin and Ethereum

As part of the Crypto Winter Suite, the ETPs seek to limit cryptocurrency volatility by tracking the S&P Bitcoin Dynamic Rebalancing Risk Control 40% Index and the S&P Ethereum Dynamic Rebalancing Risk Control 40% Index

ZURICH, Switzerland – July 20, 2022 – 21Shares AG (“21Shares”), the world’s largest issuer of cryptocurrency exchange-traded products (ETPs), today announced the listing of two new ETPs on the SIX Swiss Exchange, to offer investors exposure to the largest cryptocurrencies – Bitcoin and Ethereum – while targeting less volatility. These two ETPs are the latest products in 21Shares’ Crypto Winter Suite – a set of products designed to help investors weather the bear market.

The 21Shares S&P Risk Controlled Bitcoin Index ETP (SPBTC) and 21Shares S&P Risk Controlled Ethereum Index ETP (SPETH) provide exposure to their namesake cryptocurrency while having a volatility level of 40%. With cryptocurrencies, including Bitcoin and Ethereum, subject to high levels of volatility, 21Shares’ latest Index ETPs are designed to soften this volatility by dynamically rebalancing – allocating more assets to USD when Bitcoin or Ethereum volatility increases or vice versa. The products achieve this by attempting to replicate the S&P Dow Jones index benchmarks which control risk by adjusting exposure to the underlying index and dynamically allocating to the US dollar.

“Data from our research team shows that adding Bitcoin or Ethereum exposure to a traditional investment portfolio can significantly improve overall risk-adjusted performance,” said Arthur Krause, Director of ETP Product at 21Shares. “These latest ETPs based on S&P Dow Jones Indices’ world-class indices allow investors to realize the benefits of these innovative crypto exposures while controlling for volatility. These ETPs are the next step in our Crypto Winter Suite, giving investors access to the asset class in a risk-controlled manner .”

“Over the past two years, S&P Dow Jones Indices has developed cryptocurrency indexing capabilities to help promote greater transparency and ease access to this emerging technology-driven asset class,” said Sharon Liebowitz, Senior Director, Innovation at S&P Dow Jones Indices . “The S&P Bitcoin Dynamic Rebalancing Risk Control 40% Index and the S&P Ethereum Dynamic Rebalancing Risk Control 40% Index are the latest examples of innovative indices that aim to help measure and address volatility associated with the underlying cryptocurrencies.”

Both the 21Shares S&P Risk Controlled Bitcoin Index ETP and the 21Shares S&P Risk Controlled Ethereum Index ETP are listed today on the SIX Swiss Exchange, and available to investors in USD.

Today’s announcement closely follows the launch of 21Shares’ Bitcoin Core ETP, the first product in 21Shares’ Crypto Winter Suite, which is designed to offer low-cost exposure to Bitcoin as the lowest physically backed Bitcoin ETP in the world. 21Shares also launched the world’s first USD Yield ETP in May, ahead of the release of two new crypto ETFs in Australia and the world’s first Bitcoin and Gold ETP on the SIX Swiss Exchange. In addition, 21Shares recently published the sixth edition of its State of Crypto Report, which explores current trends in the crypto industry and what investors are doing to successfully optimize their crypto portfolios.

To learn more about any of these announcements, please visit www.21shares.com.

Press contacts:
Arielle Sobel, Head of Global Communications, [email protected]

Megan Enright, Communications Manager, [email protected]

About 21 shares:

21Shares takes innovation to the next level with the largest suite of cryptocurrency exchange-traded products (ETPs) in the world. In 2018, it pioneered the world’s first cryptocurrency index listing on the SIX Swiss Exchange, and it continues to drive its cryptocurrency franchise with cutting-edge research and cutting-edge approaches to product strategy. 21Shares aims to provide all investors with an easy, secure and regulated way to buy, sell and short cryptocurrency through existing bank and brokerage accounts. 21Shares is a Swiss company registered in Zug, Switzerland with offices in Zurich and New York City. For more information, please visit www.21shares.com.

Disclaimer:

This document is not an offer to sell or a solicitation of an offer to buy or subscribe for securities in 21Shares AG. Neither this document nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or undertaking whatsoever in any jurisdiction. This document constitutes an advertisement under the Swiss Financial Services Act and not a prospectus. This document and the information contained herein are not for distribution in or to (directly or indirectly) the United States, Canada, Australia or Japan or any other jurisdiction where its distribution or release would be illegal. This document does not constitute an offer of securities for sale or a solicitation of an offer to buy in or to the United States, Canada, Australia or Japan. The securities of 21Shares AG to which this material relates have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States without registration or an applicable exemption from, or in a transaction that is not subject to, the registration requirements in the Securities Act. There will not be a public offering of securities in the United States. This document is only distributed to and is only directed at: (i) investment professionals falling within the scope of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (“the Order”); or (ii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons collectively referred to as “relevant persons” ); or (iii) persons falling under Article 43(2) of the Order, including existing members and creditors of the company or (iv) other persons to whom this document may lawfully be distributed in circumstances where Section 21(1) of FSMA does not apply. The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will only be engaged with relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. In all EEA member states (other than France, Germany, Italy, Austria, Belgium, Croatia, Czech Republic, Denmark, Finland, Hungary, Ireland, Luxembourg, Malta, Netherlands, Norway, Poland, Romania, Slovakia, Spain, Lichtenstein) which have implemented Prospectus Regulation (EU) 2017/1129, together with any applicable implementing measures in a Member State, the “Prospectus Regulation”), this communication is directed only to and is directed only to qualified investors in that Member State within the meaning of the Prospectus Regulation. Exclusively for potential investors in France, Germany, Italy, Austria, Belgium, Croatia, Czech Republic, Denmark, Finland, Hungary, Ireland, Luxembourg, Malta, Netherlands, Norway, Poland, Romania, Slovakia, Spain, Liechtenstein, the base prospectus for 2021 ( EU ) is made available on the Issuer’s website under www.21Shares.com. The approval of the base prospectus for 2021 (EU) shall not be understood as an approval by the SFSA of the securities being offered or admitted to trading on a regulated market. Eligible potential investors should read the 2021 Base Prospectus (EU) and the relevant final terms before making an investment decision in order to understand the potential risks associated with the decision to invest in the Securities. The S&P Bitcoin Dynamic Rebalancing Risk Control 40% Index and the S&P Ethereum Dynamic Rebalancing Risk Control 40% Index are products of S&P Dow Jones Indices LLC (“S&P DJI”). S&P®, S&P 500® and US500 are trademarks of Standard & Poor’s Financial Services, LLC, and are licensed for use by S&P DJI and 21Shares AG. 21Shares S&P Risk Controlled Bitcoin Index ETP (SPBTC) and 21Shares S&P Risk Controlled Ethereum Index ETP (SPETH) are not sponsored, endorsed, sold or promoted by S&P DJI, or its affiliates, and neither S&P DJI nor its affiliates make any representations or recommendations regarding the advisability of investing in such ETPs, nor are they responsible for any errors, omissions or interruptions in the S&P Bitcoin Dynamic Rebalancing Risk Control 40% Index or the S&P Ethereum Dynamic Rebalancing Risk Control 40% Index.