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21Shares Launches Stellar (XLM) & Cardano (ADA) ETPs, A Global First For Both

Nachrichtenquelle: globenewswire
22.04.2021, 18:25  |  521   |   |   

21Shares Stellar XLM ETP (CH1109575535 | BBG: AXML SW)
21Shares Cardano ADA ETP (CH1102728750 | BBG:AADA SW)

22 April 2021 - Zurich - 21Shares AG, the pioneering issuer of crypto Exchange Traded Products (ETPs) is launching the world’s first Stellar XLM ETP (AXLM) and Cardano ADA ETP (AADA) on the regulated market of the Swiss stock exchange (SIX Exchange) on Monday, April 26th 2021, further boosting 21Shares as the leading issuer of crypto ETPs. 

During the last rebalancing review, Stellar was admitted by the Index Provider (MVIS - HODL5) to the 21Shares HODL basket ETP as fourth constituent after Bitcoin Cash (BCH) and XRP were removed. This makes now the ideal time to add additional single asset ETPs for Stellar and Cardano to the current range of single crypto ETPs offered by 21Shares.

Cardano (ADA) is a blockchain-based smart contract platform enabling developers to build decentralized applications. Unlike other leading smart contract platforms like Ethereum, Cardano currently uses a Proof of Stake algorithm called Ouroboros to power its transaction settlement and to produce new blocks in its blockchain. Cardano was first shipped in 2017 by Input-Output (IOHK), a for-profit company, founded in 2015 by Ethereum co-founder, Charles Hoskinson who serves as the CEO. 
Stellar, is a purpose-built blockchain enabling the transfer of any kind of assets and currencies; for example Bitcoin, dollars and euros, and allowing developers to build low-cost financial services on the platform. Lumen (XLM), Stellar’s native token is a  utility token for the platform to pay transaction fees. Stellar was founded in 2014 by Jeb McCaleb, co-founder of Ripple, and since then the network has processed more than 450 million operations made by over 4 million users. 
Further insights and analysis of Stellar and Cardano can be found in two new research reports just published by the 21Shares research team.  

The launches are responding to the recent surges of interest in these assets. More broadly, 21Shares has seen a 3-fold increase in demand across its suite of crypto ETPs since Q1 2021 based on aggregated new inflows across the range. Demand has been driven by institutional investors choosing 21Shares’s institutional-grade and open-ended ETPs.

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21Shares Launches Stellar (XLM) & Cardano (ADA) ETPs, A Global First For Both 21Shares Stellar XLM ETP (CH1109575535 | BBG: AXML SW)21Shares Cardano ADA ETP (CH1102728750 | BBG:AADA SW) 22 April 2021 - Zurich - 21Shares AG, the pioneering issuer of crypto Exchange Traded Products (ETPs) is launching the world’s first …

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