Asset Management

21Shares ‘open to partnerships’ on crypto products following UK’s listing change

The Switzerland-based firm has already partnered with asset managers, including ARK Invest, for crypto products listed elsewhere

Wednesday 26 June 2024 at 23:00

21Shares CEO Hany Rashwan wants the UK to further liberalise its crypto regime Eva Marie Uzcategui/Bloomberg via Getty Images
21Shares CEO Hany Rashwan wants the UK to further liberalise its crypto regime Eva Marie Uzcategui/Bloomberg via Getty Images Photo: Bloomberg via Getty Images

The boss of Europe’s largest crypto ETP firm is “open to partnerships” with asset managers after the UK regulator gave the go-ahead for products targeting professional investors.

The Financial Conduct Authority announced in March that it would “not object” to requests to create bitcoin and ethereum-backed exchange traded notes for professional investors, allowing product issuers to list them on the London Stock Exchange.