In a thrilling turn of events, the 21Shares Crypto Basket Equal Weight ETP (with the symbol HODLV) has made an astonishing announcement regarding its cross–listing on the esteemed German exchange, Xetra.
The 21Shares Crypto Basket Equal Weight ETP (HODLV) revealed this remarkable development on Tuesday and comes with H21V GY ticker symbol for trading in euros.
The primary objective of the 21Shares Crypto Basket Equal Weight ETP is to closely monitor and reflect the investment performance of an index that consists of the five most substantial cryptocurrencies. These crypto assets are carefully selected based on their market capitalization, and the index maintains an equal weighting approach to ensure balanced representation.
Established in September 2021, the 21Shares Crypto Basket Equal Weight ETP has successfully accumulated a substantial amount of approximately $4.1 million in funds under management. Thus, the Net Asset Value stands at an impressive $9.48.
The 21Shares Crypto Basket Equal Weight ETP is a basket of the top 5 largest cryptocurrencies by market capitalization, equally weighted. As of July 11, 2023, the weightings are Bitcoin 23.06%, XRP 22.31%, Ethereum 21.81%, Binance Coin 16.85%, and Cardano 15.8%.
As per the initial prospectus provided by the company, Copper Technologies (Switzerland) AG serves as the custodian for the 21Shares Crypto Basket Equal Weight ETP. The role of the collateral agent for the EPT is undertaken by The Law Debenture Trust Corporation PLC.
