Over the past weeks, the crypto-assets markets have been in the boom following the surge in the price of largely traded digital currency. Amid the spike, the Switzerland-based crypto ETP (Exchange Traded Product) provider, 21shares witnessed massive trade volume of its products. Currently, its assets under management (AUM) settles at $100 million, reportedly.

Crypto Price Rallies 

In recent months, the popular cryptocurrencies significantly rose in price, to the extent that some reached new year highs. Since the start of July, Bitcoin (BTC) has reportedly appreciated by 27.4 percent. Ethereum (ETH) and Tezos (XTZ), meanwhile, gained 71.5 percent and 72.4 percent, respectively. On a Year-to-Date chart, the cryptos respectively grew by 63.8, 228.2, and 207.4 percent.

It was during this period that 21Shares noted high trading volume in the Switzerland market for its crypto ETPs, according to the press release on Monday. The crypto ETPs issuer recorded a large volume across the two Swiss exchanges where its products are listed. These exchanges include the BX Swiss and SIX Swiss.


Swiss Crypto ETP Issuer Records $100M AUM

In the report, the company disclosed that it had netted $100 million in assets under management across its crypto ETPs. The biggest of them all is the 21Shares Binance BNB ETP (ABNB), which has up to $25.3m AUM. The ABNB product is followed by 21Shares Bitcoin ETP (ABTC) and Crypto Basket Index ETP (HODL) with $19.2m and $15.7m, respectively. 

While commenting on the milestone, the CEO of 21Shares, Hany Rashwan, said:

“With eleven total products available in four currencies including GBP, 21Shares has by far the largest product suite in the industry and now one of the fastest-growing as well. Now that the important $100 million mark is met, we can focus on our next target: $1 billion!”