Get 40% Off
🎁 Free Gift Friday: Copy Legendary Investors' Portfolios in One ClickCopy for Free

World’s First ADA and XLM ETPs to Launch on 21Shares AG

Published 04/24/2021, 04:52 AM
Updated 04/24/2021, 05:00 AM
World’s First ADA and XLM ETPs to Launch on 21Shares AG

  • 21Shares AG to launch the world’s first $ADA and $XLM products ETPs.
  • The design of ETPs is to replicate the performance of an underlying asset.
  • ETP structure is 100% collateralized, AXLM and AADA have a 2.5% p.a base fee.

A Switzerland-based 21Shares AG has announced that it will soon be launching the world’s first $ADA and $XLM exchange-traded products (ETPs). It will be on the Swiss stock exchange (SIX Swiss Exchange). Also, consider one of the pioneers in issuing crypto ETPs.

The design of ETPs is to replicate the performance of an underlying asset. It’s a collateralized, non-interest paying debt security.

According to the 21Shares press release, the Swiss firm is thrusting these two ETPs (AADA and AXLM). In response to the recent surges of interest in these assets — on April 26.

This article was first published on coinquora.com

Continue reading on CoinQuora

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.