The crypto exchange-traded products (ETPs) $AAVE, $LINK, and $UNI have been listed on a Swiss regulated stock exchange by Switzerland-based 21Shares AG, which is considered one of the pioneers in issuing crypto ETPs.
BX Swiss is a “Swiss stock exchange” run by BX Swiss AG, and it is regulated by the Swiss Financial Market Supervisory Authority (FINMA).
The company said that the ETPs are collateralized, non-interest paying debt securities designed to replicate the performance of an underlying asset. Also, 21Shares’ ETPs replicate the performance of the crypto asset (Bitcoin, Ethereum, Ripple, Bitcoin Cash) or the index it follows (HODL5, BIT10, ABBA).
ETPs are debt securities issued by a Special Purpose Vehicle (SPV) rather than ETFs are not.
That’s all new 21shares is doing.
