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What's New In Investments, Funds? - 21Shares, Austria

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Switzerland-based exchange traded product issuer 21Shares has brought Bitcoin and Ethereum products to the Austrian exchange, adding to entries into Germany’s stock market in July.
Wiener Börse, the Vienna Stock Exchange, becomes the third exchange venue globally to admit a Bitcoin product on its official “regulated’ market segment, highlighting how these cryptocurrency entities are becoming part of mainstream markets. Besides Austria and Germany, the third country to host the ETPs is Switzerland.
Starting from 1 September, the 21Shares Bitcoin ETP and the 21Shares Ethereum ETP can be traded on the official market of the Vienna Stock Exchange.
The two products have been passported into Austria and authorized for distribution for both retail and institutional investors using a familiar and widely accepted financial structure, 21Shares said.
“We are happy to share that Bitcoin is now accessible everywhere for both retail as well as institutional investors across the entire DACH region,” Hany Rashwan, CEO at 21Shares AG, said. “We started with the Swiss market due to our home roots and having a crypto-friendly landscape. In July 2020, we entered the German market by listing ABTC on Deutsche Boerse XETRA. This listing in Austria now gives all German-speaking countries easy exposure to this asset class. Outside the DACH region, no other jurisdiction globally provides such comprehensive and ample access to Bitcoin.”
The 21Shares suite of ETPs launched by 21Shares is composed of 11 crypto ETPs. The suite is listed on the official market of Deutsche Boerse, SIX Swiss Exchange, BX Swiss and some on Boerse Stuttgart in Swiss francs, dollars, sterling and euros, respectively. Founded in 2018, 21Shares is incorporated in Zug, with offices in Zurich and New York. The firm has more than $100 million in total listed assets under management.