ETF Securities has announced a partnership with exchange-traded product (ETP) provider 21Shares to launch two cryptocurrency exchange-traded funds (ETF) and open an online education centre for investors seeking information on investing in digital assets via ETFs.
Under the collaboration, ETF Securities will release, subject to regulatory approvals, the ETFS 21Shares Bitcoin and ETFS 21Shares Ethereum funds to the Australian market.
ETF Securities executive chairman Graham Tuckwell said: “Once we had decided to build a range of crypto ETFs for the Australian market, there was only one partner we wanted to work with and that’s 21Shares. They are the cutting edge of crypto ETPs in the world today.”
Retail clients with minimum understanding of blockchain and crypto can seek further information from the education centre, which will use 21Shares’ investment-grade research covering a range of different cryptocurrencies and blockchains.
In addition, those with access to the research centre will be provided with crypto news, various blockchain metrics, price action and information on miners, custodians and other companies in the supply chain.
“We are excited to partner with ETF Securities Australia to launch crypto ETFs for Australian investors. This partnership is an opportunity to combine our expertise to provide the simplest and most transparent way to access the best-performing asset class of the last 10 years,” 21Shares chief executive Hany Rashwan said.
The ETP provider, which is based in Zurich, has managed Bitcoin and Ethereum ETPs for almost three years and currently has almost US$3 billion in assets under management inside its 20 European crypto ETPs and 80 listings.