21Shares & Amun Co-Founders Explain Why Crypto Index Products Are Signs Of A Maturing Industry

Amun Holdings Limited – owner of both 21Shares and Amun, Inc. – introduces the first one crypto exchange traded product (ETP) on the market in 2018.

Although the collaborative ARK Investments ETF and 21Shares bitcoin spot ETF was recently rejected in the United States, 21Shares remains the world’s largest provider of crypto ETPs with 30 unique products currently trading on exchanges.

In this episode of The Scoop, taped during the Bitcoin 2022 conference in Miami, 21Shares and Amun co-founders Hany Rashwan and Ophelia Snyder sat down with host Frank Chaparro to discuss the current crypto ETP landscape and explain why they think the rise of crypto index tokens and crypto basket ETPs are signs of a maturing industry.

As Snyder commented during the interview:

“’Is bitcoin going to drop to zero this year?’ is no longer a continuous story. It changes things. That means people are starting to think of crypto as an asset class, as an industry, as a theme… It’s not, ‘ok, will bitcoin exist now?’ It’s now, ‘Okay, well, crypto is definitely going to exist, so what’s the S&P 500 for crypto?’

While 21Shares has the most ETP offerings on the market, other companies are also developing crypto basket products such as Bitwise. recently announced NFT index fund (although this fund is only available to accredited investors).

Given their positions in the market, both Rashwan and Snyder are keenly aware of the institutional funds flowing into crypto: something the two have continued to witness despite the market downturn over the past few months.

As Snyder explained:

“What I find most interesting about flow data is that it’s not strongly correlated to price. And I had a very interesting conversation with one of our top market makers about a week ago, talking about what’s really going on in this market, and what they’re seeing on the trading side, and the One of the key takeaways is this: Institutions are actually forming theses-based investment philosophies. So they look at the fundamentals…they develop a thesis and they invest.

During this episode of The Scoop, Chaparro, Rashwan and Snyder also discuss:

  • Progress on a Bitcoin Spot ETF
  • Crypto Basket Index Tokens vs. Crypto ETPs
  • How Amun and 21Shares work with global digital asset regulation

This episode is brought to you by our sponsors Fireblocks, Coinbase Prime & Cross River
Fireblocks is an enterprise-grade platform providing a secure infrastructure to move, store, and issue digital assets. Fireblocks enables exchanges, lending bureaus, custodians, banks, trading desks, and hedge funds to securely scale digital asset transactions through the Fireblocks network and MPC-based wallet infrastructure. Fireblocks serves over 725 financial institutions, has secured the transfer of over $1.5 trillion in digital assets, and has a unique insurance policy that covers assets in storage and in transit. For more information, visit www.fireblocks.com.

About Coinbase Prime
Coinbase Prime is an integrated solution that provides institutional investors with an advanced trading platform, secure custody, and top-notch services to manage all of their crypto assets in one place. Coinbase Prime fully integrates crypto trading and custody into one platform, and offers clients the best all-inclusive price in their network using their proprietary Smart Order Router and algorithmic execution. For more information, visit www.coinbase.com/prime.

About Cross River
Cross River powers today’s most innovative crypto companies, with banking and payment solutions you can rely on, including fiat on-ramp/exit solutions. Whether you’re a crypto exchange, NFT market, or wallet, Cross River’s all-in-one API-based platform enables banking as a service, ACH transfers and wire transfers, disbursements by card, real-time payments and virtual transactions. accounts and sub-ledgers. Request your fiat on-ramp solution now at crossriver.com/crypto.

© 2022 The Block Crypto, Inc. All rights reserved. This article is provided for informational purposes only. It is not offered or intended for use as legal, tax, investment, financial or other advice.

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21Shares & Amun Co-Founders Explain Why Crypto Index Products Are Signs Of A Maturing Industry

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