Homburger with 21Shares in listing of additional crypto index ETPs on SIX 

Homburger acted as Swiss legal counsel to 21Shares, a Zug-based special purpose issuance vehicle of the fintech group Amun and the Swiss market leader in crypto- linked exchange traded products (ETPs), in the successful issuance and listing of two new series of crypto-index-linked ETPs on the SIX Swiss Exchange.  The Homburger team was led by partner Benjamin Leisinger (pictured) and included paralegal Ganna Schneuwly (both capital markets). 

The first series, 21Shares Crypto Basket Equal Weight ETP (HODLV), is linked to the “The Vinter 21Shares Crypto Basket Equal Weight Index” (consisting of Bitcoin, Ethereum, Cardano, Binance Coin and Ripple).  

The second series, 21Shares Crypto Basket 10 ETP (HODLX), is linked to “The Vinter 21Shares Crypto Basket 10 Index” (comprising Bitcoin, Ethereum, Binance Coin, Cardano, Ripple, Polkadot, Bitcoin Cash, Litecoin, Solana, and Stellar). 

The products are fully collateralised by the underlying components. 

 As of September 1, 21Shares manages more than $1.8 billion in 15 cryptocurrency ETPs and 79 listings. Including the world’s only ETP tracking Binance and two ETPs with investor staking rewards (Tezos and Cardano). Its crypto ETP products are listed on eight regulated European and Swiss trading exchanges.