Cryptocurrency Q&A
Is 21shares a spot bitcoin ETF?
Is 21shares a spot bitcoin ETF?
Riccardo
Thu Jul 11 2024
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6 answers
991
Could you please clarify if 21shares is indeed a spot Bitcoin ETF? I understand that ETFs, or Exchange Traded Funds, are investment vehicles that track the performance of a specific index, commodity, or basket of assets. However, when it comes to cryptocurrencies, there are various types of ETFs available, such as futures-based, cash-settled, or spot-based. Spot bitcoin ETFs specifically track the price of bitcoin itself, rather than derivatives or futures contracts. So, I'm interested to know if 21shares falls into this category of spot bitcoin ETFs or if it operates in a different manner. Your clarification would be greatly appreciated.
6 answers
Raffaele
Sat Jul 13 2024
21Shares, a leading financial institution, has strategically expanded its operations since 2018.
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Carlo
Sat Jul 13 2024
The company has prioritized entering markets that foster responsible, transparent, and logical regulatory frameworks.
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DondaejiDelightfulCharm
Sat Jul 13 2024
Under the visionary leadership of Hany Rashwan, CEO and Co-Founder, 21Shares aims to be at the forefront of this regulatory shift.
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BlockchainBaron
Sat Jul 13 2024
Mr. Rashwan's optimism is evident in his statement, where he expresses his confidence in 21Shares' ability to be the first to offer a spot bitcoin ETF in the United States.
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DigitalDynasty
Fri Jul 12 2024
This move signifies 21Shares' commitment to bringing innovative financial products to investors, while adhering to stringent regulatory standards.
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