21Shares

21Shares is a Switzerland-based financial services company that issues cryptocurrency exchange-traded products. The company is headquartered in Zurich, with offices in New York City and London.

WWW 21shares.com/en-ch

History

21Shares was co-founded in July 2018 by Hany Rashwan and Ophelia Snyder and is headquartered in Zurich, Switzerland.
In November 2018, the company listed the first physically-backed crypto ETP – HODL – on the SIX Swiss Exchange.
In 2019, 21Shares listed their first product on German Stock Exchange XETRA.
In 2022, 21Shares had 46 listed products in seven countries and entered the Middle East in October 2022 with the listing of a Bitcoin ETP on Nasdaq Dubai, making it the Middle East's first physically-backed Bitcoin ETP.
In 2024, 21Shares expanded into the United Kingdom, listing crypto-backed ETPs on the London Stock Exchange.
In June 2024, 21Shares filed an S-1 for spot Solana exchange-traded fund in the U.S. The following month, in July 2024, VanEck and 21Shares sent amended Ether exchange-traded fund filings to the SEC to list and trade shares of a spot Ether exchange-traded fund. In September of 2024, 21Shares launched a Bitcoin token on the Ethereum blockchain.

Management

Until December 2024, Hany Rashwan and Ophelia Snyder served as the company's chief executive officer and president, respectively. Following a corporate restructuring, Russell Barlow was appointed chief executive officer and Duncan Moir became president.

Products

21Shares offers cryptocurrency exchange-traded products, primarily structured as physically backed instruments in which the underlying crypto assets are held in custody. In 2025, the company filed applications to launch exchange-traded funds in the United States linked to Solana and XRP.

Reception

21Shares has been cited by financial media in coverage related to cryptocurrency markets and the 2024 U.S. presidential election. In 2024, Innovation.zuerich described 21Shares as Switzerland's largest crypto unicorn, citing a valuation of approximately $2 billion.