21Shares

21Shares

Provides cryptocurrency ETPs for investors

Overview

21Shares offers crypto exposure through Exchange Traded Products listed on major European exchanges, making it possible to invest in digital assets via traditional banks or brokers. Their ETPs either track the price of leading cryptocurrencies like Bitcoin and Ethereum or hold a diversified crypto basket, with shares issued to investors and an annual management fee. The company emphasizes regulation, exchange listing, and broad accessibility to simplify crypto investments and provide research-backed guidance. Its goal is to expand regulated onramps into crypto and become a leading provider of crypto ETPs across Europe.

About 21Shares

Simplify's Rating
Why 21Shares is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Fintech

Crypto & Web3

Financial Services

Company Size

51-200

Company Stage

Late Stage VC

Total Funding

$22.5M

Headquarters

Zurich, Switzerland

Founded

2018

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Simplify's Take

What believers are saying

  • 21Shares reached $11.3 billion in assets by September 2, 2026, despite market weakness.
  • TKNS launched May 14, 2026, opening an active-management revenue line beyond passive ETFs.
  • FTSE Russell partnership should improve pricing credibility and institutional adoption in 2026.

What critics are saying

  • Layoffs hit 21Shares on August 17, 2026, signaling margin pressure inside the issuer.
  • TSUI held only $13.3 million in August 2026, showing weak product-market fit.
  • TOXR stayed deeply negative after the August 27, 2026 index switch, risking persistent underperformance.

What makes 21Shares unique

  • 21Shares and FTSE Russell standardized global benchmarks across Europe, America, and Australia on August 26, 2026.
  • 21Shares lists regulated crypto ETPs on SIX, Xetra, Nasdaq, and other major venues.
  • FalconX acquisition ties 21Shares to prime brokerage, improving execution and market access.

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Funding

Total Funding

$22.5M

Above

Industry Average

Funded Over

1 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

Remote Work Options

Flexible Work Hours

Health Insurance

401(k) Retirement Plan

401(k) Company Match

Paid Vacation

Paid Holidays

Holiday?

Wellness Program

Mental Health Support

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

3%

2 year growth

4%
Pro Blockchain Media
Sep 2nd, 2026
Solana processed 5.2 billion transactions after revenue collapsed 87% - here's what changed.

Solana processed 5.2 billion transactions after revenue collapsed 87% - here's what changed. Solana says it processed a record 5.2 billion non-vote transactions in August, a total it described as 19% above July. The milestone arrived with a sharply different measure: 21Shares calculated that gross network revenue, including fees and tips generated by network use, fell to $141 million in the first half of 2026 from $1.09 billion a year earlier. The figures cover different periods. The transaction count captures the month ended Aug. 31, while the revenue comparison covers the six months through June. Together, they show activity accelerating after a half-year in which Solana generated far less fee and tip revenue than during the memecoin boom a year earlier. Why Solana's activity and revenue diverged. Non-vote transactions remove validators' consensus messages from the count, giving a cleaner view of application activity. The metric can still include successful and failed transactions, and it measures neither unique users nor value transferred. Identifying transfers, trades and other actions requires program-level analysis, according to documentation from Dune and Token Terminal. 21Shares traced the revenue decline to weaker competition for blockspace. It said priority fees and Jito tips, extra payments routed through Solana's transaction-ordering infrastructure, produced 95% of H1 2025 gross revenue, split 40% and 55%. Memecoin traders paid those charges to move ahead in crowded blocks; that high-value fee stream contracted as the frenzy cooled. The trading mix changed as well. The firm said memecoins fell from 40% of Solana spot trading volume in H1 2025 to 16% in H1 2026, while stablecoin swaps rose from 6% to 19%. 21Shares said the categories replacing memecoins generated less revenue per trade. A like-for-like quarterly comparison supports the same trend. A DeFi Development Corp. shareholder letter filed with the SEC put Solana's Q2 network revenue at $51 million, down 43% from the first quarter and 81% year over year, while the median transaction fee was $0.00043. Shorter-term validator fee data improved by late August. Solana Compass reported that a seven-day average reached about 9,200 SOL per day, more than 80% above three months earlier. That SOL-denominated figure includes priority fees and Jito tips, while the 21Shares measure covers six-month gross revenue in dollars, leaving the two unsuitable for direct comparison. Validator economics extend beyond those charges. Under Solana's fee rules, half of the base fee goes to the block producer and half is burned, while the full priority fee goes to the validator. Validators can also earn commissions on inflationary staking rewards. For SOL, the throughput record is operationally positive. Economic capture still depends on what users pay for blockspace, how much SOL is burned or staked, and whether rising stablecoin, DeFi and payment activity produces durable fees. Transaction count alone remains a weak proxy for validator income or token demand.

BitRss
Aug 28th, 2026
HashKey Cloud backs Stacks' Genesis Bond to prove institutional appetite for native Bitcoin yield

CryptoSlate 4 hours ago 116 Stacks founder Muneeb Ali said on Aug. 27 via X that HashKey Cloud will deploy Bitcoin in Stacks, making the Asian infrastructure provider the second institution announced for the network's Genesis Bond pilot. HashKey will time-lock BTC ($79,807.00 · Live) on Bitcoin, retain the keys, and pair the position with STX ($0.26 · Live) worth roughly 5% of the committed Bitcoin. Retaining custody of the principal does not make the yield native to Bitcoin. Stacks targets about 3% annualized from BTC committed by its miners, so payouts depend on STX and Stacks miner economics and are therefore variable. HashKey's allocation was not disclosed, while the total BTC committed is expected to become visible on-chain when the bond begins around Sept. 10. BTC stays on Bitcoin while the return depends on Stacks. Under the native-BTC protocol bond, a participant places Bitcoin in a time-locked output on Bitcoin's base layer and retains the keys. The asset stays outside a lending agreement, wrapper or third-party custody arrangement. It remains immobile during the bond unless the participant uses the early-exit path. An early exit returns the BTC principal and ends the remaining yield, and the paired STX stays locked for the full term, so the two asset legs carry different liquidity constraints. The bond requires STX worth roughly 5% of the BTC position, and that amount determines the participant's Bitcoin capacity and leaves the position exposed to STX price movements for about six months. Stacks miners commit BTC as they compete to produce blocks and receive STX block rewards. Protocol-bond holders receive their target return first from that BTC pool. Across 24 reward cycles, a roughly six-month bond would deliver about 1.44% of locked BTC if the target is realized, and the payouts can vary with miner economics. The BTC available for rewards depends on the economics of mining Stacks, which in turn depend on STX block rewards, fees and network activity. Excess miner revenue can build a reserve. Under a sustained shortfall that depletes the reserve, Stacks says returns would compress first for STX-only stakers and later for protocol-bond holders. The design therefore separates principal custody from return generation. Bitcoin keys remain with the participant, while the yield carries STX market exposure and Stacks protocol risk. The first bond operates inside a managed bootstrap rather than an open auction. During PoX-5, the Stacks Endowment sets each bonding period's capacity, target yield, BTC-to-STX ratio and allocation. A future PoX-6 proposal is intended to replace those managed settings with an algorithmic, permissionless auction. Until then, Genesis tests the product within boundaries chosen by the Endowment. On-chain commitments can show the amount of BTC institutions place in the bond, weekly distributions can show whether miner revenue supports the target, and reserve data can show the buffer available when revenue falls short. HashKey's name alone establishes participation. Its disclosed allocation and the bond's realized payouts will determine how much weight that participation carries as evidence of institutional demand. Related Reading 21Shares launches ETP for Bitcoin L2 network stacks. Self-custody leaves contract and reward risk. PoX-5 activated at Bitcoin block 960,230 on July 30. Stacks said the codebase was audited by Trail of Bits and Clarity Alliance, with additional review by Asymmetric Research. An open medium-severity issue in the official stacks-core repository identifies a flaw in the bond rollover path. Near the end of a bond, a participant moving into a later bond can remain credited with old reward shares after withdrawing the collateral behind them. Other participants could then receive a smaller share of the final-cycle reward. The issue leaves the native Bitcoin under the participant's keys and does not establish a failure in ordinary Genesis Bond enrollment. The 4.0.1 PoX-5 contract source still contains the affected behavior, making a public fix or mitigation important before that rollover window arrives. The Genesis Bond reduces reliance on a borrower or custodian, then adds STX exposure, miner-funded payout risk, managed program settings and new contract code. Block 966,350 will begin putting numbers to the test. The post HashKey Cloud backs Stacks' Genesis Bond to prove institutional appetite for native Bitcoin yield appeared first on CryptoSlate. BitRss shares this Content always with License. Screenshot generated in real time with SneakPeek Suite * homepage * flash news * HashKey Cloud backs stacks' Genesis Bond to prove institutional appetite for native Bitcoin yield.

Crypto World
Aug 27th, 2026
Mastercard gets involved, ETF changes announced.

Mastercard gets involved, ETF changes announced. CryptoWorld August 27, 2026 Crypto News 3 minutes read Here's how Mastercard has extended its relationship with Ripple and what are the ETF changes. A recent update from the XRP Ledger Foundation welcomed the TradFi giant, which has a long history with Ripple, to a hackathon taking place just ahead of the major conference, Ripple Swell. Meanwhile, 21Shares's XRP ETF has changed how it prices the underlying token amid renewed inflows into all such funds. Mastercard joins. The XRP Ledger Foundation said it was "thrilled" to welcome the global technology behemoth in the payments industry as a sponsor of the XRP Ledger Hackathon, scheduled for late October. It's a 36-hour pre-event to the Ripple Swell 2026 conference, which runs from October 27 to October 29, while the hackathon is open on October 24-25. "With a decade of proven robustness and architecture, the XRP network is ideally suited for payment use cases. Register, build, and connect with industry leaders like Mastercard. It's your time to shine," said the team. This announcement comes just a few months after Mastercard expanded its relationship with the broader Ripple ecosystem, as well as other crypto giants. As reported in March, the TradFi firm enlisted several industry companies, such as Binance, Gemini, PayPal, Paxos, Circle, and Ripple, in a new partnership program aiming at connecting blockchain with its own vast global payments infrastructure. In June, Mastercard took it a step further, expanding the blockchain integration with new support assets like Ripple's own stablecoin, RLUSD, and Circle's USDC. ETF Changes to TOXR. An SEC filing showed that 21Shares has switched the pricing of the underlying assets for its XRP ETF (TOXR), moving from the CME Group to the new FTSE XRP Index, effective today. The other notable change to their financial vehicle means the sponsor will be paid once every three months instead of every week. More importantly, the sponsor will be paid in XRP. Meanwhile, the spot XRP ETFs have extended their impressive streak of net inflows, attracting $13.82 million on Monday, $24 million on Tuesday, and just over $28 million on Wednesday. TOXR, however, remains the only XRP ETF in the red, with cumulative net flows of -$20.06 million. In contrast, Bitwise's XRP ETF remains the largest of the bunch, currently holding $575 million in cumulative net inflows.

London Stock Exchange Group
Aug 26th, 2026
FTSE Russell and 21shares announce global benchmark partnership across US, European, and Australian ETP suites.

FTSE Russell and 21shares announce global benchmark partnership across US, European, and Australian ETP suites. Strategic initiative standardizes index architecture across 21shares' worldwide product lineup, building on transitions successfully completed in Europe and Australia earlier this year New York, 26 August 2026 - FTSE Russell, LSEG's global index provider, and 21shares, one of the world's leading issuers of crypto exchange-traded funds (ETFs), today announced a comprehensive global partnership to evolve and standardize the underlying benchmark index framework for 21shares' exchange-traded product (ETP) suites across the United States, Europe, and Australia. Designed to deliver a unified pricing and governance framework to digital asset investors worldwide, 21shares will officially transition select US-listed single-asset exchange-traded funds (ETFs) to FTSE Russell digital asset indices at market open tomorrow, 27 August 2026. This is the latest stage of 21share's global rollout, as the firm has already successfully transitioned its core European and Australian product lineups - including flagship Bitcoin, Ethereum, and Solana ETPs - to FTSE Russell benchmarks. The products transitioning on 27 August are the following: | Product ticker | Product name | New index | | ARKB | ARK 21shares Bitcoin ETF | FTSE Bitcoin Index | | TETH | 21shares Ethereum ETF | FTSE Ethereum Index | | TSOL | 21shares Solana ETF | FTSE Solana Index | | TOXR | 21shares XRP ETF | FTSE XRP Index | | TSUI | 21shares Sui ETF | FTSE Sui Index | | TDOG | 21shares Dogecoin ETF | FTSE Dogecoin Index | | TDOT | 21shares Polkadot ETF | FTSE Polkadot Index | This benchmark evolution serves solely as an infrastructure enhancement: underlying asset exposures, fund legal structures, custodians, primary exchange listings, and fee schedules remain completely unchanged across all products. "FTSE Russell represents one of the pillars of global financial infrastructure, with approximately $20 trillion in assets benchmarked to its indices worldwide, including iconic traditional benchmarks like the Russell 2000 and the FTSE 100," said Duncan Moir, President at 21shares. "With global crypto ETP and ETF assets now surpassing $106 billion[Note 1], bringing FTSE Russell's established digital asset index expertise to a broader range of investment products, from index architecture into digital assets, represents a major structural milestone for us and the wider industry. Crypto has transitioned into a mainstream component of multi-asset portfolios, and this transition equips institutional allocators, pension funds, and wealth managers with the exact same benchmark integrity they rely on across traditional capital markets." "We are delighted to partner with 21Shares as investor demand for digital asset solutions continues to grow," said Fiona Bassett, CEO, FTSE Russell. "Digital asset innovation has been an important area of focus for FTSE Russell for a number of years, and this partnership builds on our commitment to developing robust, rules-based benchmarks that meet the evolving needs of investors. By combining our index expertise and governance framework with 21shares' leadership in digital asset investing, we are helping bring greater transparency and confidence to this rapidly developing market." Key details of the partnership: * Global benchmark consistency: establishes a harmonized, institutional index framework across 21shares' ETF and ETP lineups in the US, Europe, and Australia. * Proven multi-region rollout: expands on the benchmark transitions for core European and Australian ETPs (including BTC, ETH, and SOL products) successfully completed in March 2026. * Institutional pricing integrity: leverages FTSE Russell's leading vetting methodologies to capture accurate pricing from real buyers and sellers. * Continuous track record: all transitions are implemented on a prospective basis, ensuring historical performance and NAV data remain a single, unbroken track record for investors. [[[1]]] Data as of 31 July 2026. Back to Note 1 Contacts. LSEG Press Office Simon Henrick / Hayley Fewster +44 (0)20 7797 1222 About FTSE Russell, an LSEG business. FTSE Russell, LSEG's global index leader, provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $20 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering. (C) 2026 London Stock Exchange Group plc and its applicable group undertakings ("LSEG"). LSEG includes (1) FTSE International Limited ("FTSE"), (2) Frank Russell Company ("Russell"), (3) FTSE Global Debt Capital Markets Inc. "FTSE Canada", (4) FTSE Fixed Income LLC ("FTSE FI"), (5) FTSE (Beijing) Consulting Limited ("WOFE"), FTSE EU SAS ("FTSE EU"). All rights reserved. FTSE Russell(R) is a trading name of FTSE, Russell, FTSE Canada, FTSE FI, WOFE, FTSE EU and other LSEG entities providing LSEG Benchmark and Index services. "FTSE(R)", "Russell(R)", "FTSE Russell(R)", "FTSE4Good(R)", "ICB(R)", "Refinitiv", "WMR(TM)" "FR(TM)" and all other trademarks and service marks used herein (whether registered or unregistered) are trademarks and/or service marks owned or licensed by the applicable member of LSEG or their respective licensors. FTSE International Limited is authorised as a Benchmark Administrator and regulated in the United Kingdom (UK) by the Financial Conduct Authority ("FCA") according to the UK Benchmark Regulation, FCA Reference Number 796803. FTSE EU SAS is authorised as Benchmark Administrator and regulated in the European Union (EU) by the Autorité des Marches Financiers ("AMF") according to the EU Benchmark Regulation. All information is provided for information purposes only. All information and data contained in this publication is obtained by LSEG, from sources believed by it to be accurate and reliable. Because of the possibility of human and mechanical inaccuracy as well as other factors, however, such information and data is provided "as is" without warranty of any kind. No member of LSEG nor their respective directors, officers, employees, partners or licensors make any claim, prediction, warranty or representation whatsoever, expressly or impliedly, either as to the accuracy, timeliness, completeness, merchantability of any information or LSEG Products, or of results to be obtained from the use of LSEG products, including but not limited to indices, rates, data and analytics, or the fitness or suitability of the LSEG products for any particular purpose to which they might be put. The user of the information assumes the entire risk of any use it may make or permit to be made of the information. No responsibility or liability can be accepted by any member of LSEG nor their respective directors, officers, employees, partners or licensors for (a) any loss or damage in whole or in part caused by, resulting from, or relating to any inaccuracy (negligent or otherwise) or other circumstance involved in procuring, collecting, compiling, interpreting, analysing, editing, transcribing, transmitting, communicating or delivering any such information or data or from use of this document or links to this document or (b) any direct, indirect, special, consequential or incidental damages whatsoever, even if any member of LSEG is advised in advance of the possibility of such damages, resulting from the use of, or inability to use, such information. No member of LSEG nor their respective directors, officers, employees, partners or licensors provide investment advice and nothing in this document should be taken as constituting financial or investment advice. No member of LSEG nor their respective directors, officers, employees, partners or licensors make any representation regarding the advisability of investing in any asset or whether such investment creates any legal or compliance risks for the investor. A decision to invest in any such asset should not be made in reliance on any information herein. Indices and rates cannot be invested in directly. Inclusion of an asset in an index or rate is not a recommendation to buy, sell or hold that asset nor confirmation that any particular investor may lawfully buy, sell or hold the asset or an index or rate containing the asset. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional.

Satoshi's Brain
Aug 17th, 2026
Arkham: no HYPE ETF sold last week as Grayscale & Bitwise clients bought $2.8M.

Arkham: no HYPE ETF sold last week as Grayscale & Bitwise clients bought $2.8M. August 17, 2026 Hyperliquid ETFs saw net buying last week, with on-chain data showing zero tracked funds sold HYPE. Institutional investors at Grayscale and Bitwise collectively acquired $2.8 million of the token. The price of HYPE rose more than 16% above its weekend low during the same period. Market observers are now watching whether continued ETF inflows can sustain institutional demand for the asset. Hyperliquid ETFs saw concentrated buying activity last week, according to Arkham. The firm "reported no Hyperliquid ETF sold HYPE last week," with all tracked funds either recording net purchases or holding their positions. Grayscale and Bitwise clients accounted for $2.8 million in combined HYPE acquisitions. The activity underscores how ETFs are functioning as an important access channel for traditional investors seeking exposure to the token. The price of HYPE had risen more than 16% from its weekend lows when the data was published. ETF activity provides context for this recovery, though crypto assets can move sharply on liquidity and positioning. Bitwise's BHYP product held more than $100 million in assets under management earlier this year. The issuer targets staking roughly 70% of its HYPE holdings, offering market access while retaining on-chain staking rewards. The growing ETF presence creates an additional route for institutions and traditional portfolios to gain exposure to HYPE. Bitwise and 21Shares launched U.S. spot products in 2026, while Grayscale also operates a Hyperliquid staking ETF. For investors, the key signal is consistency rather than a single week of purchases. If ETFs continue accumulating HYPE, the activity could provide a steadier source of demand; if flows reverse, the recent price recovery could face additional pressure.

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