# 21Shares

21Shares is an Asset Manager.

## Overview

- **Organization type:** Asset Manager
- **Assets under management:** Undisclosed
- **Website:** 21shares.com
- **LinkedIn:** https://www.linkedin.com/company/21shares

## Regulatory record

- **CRD number:** 328136
- **SEC file number:** 801-128769
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/328136

## About

21Shares is an SEC-registered investment adviser in New York, NY, registered since 2023. It manages approximately $4 million in regulatory assets. The firm has 25 employees and 10 investment advisers.

## Sectors

- Digital Assets

## Questions

### How does 21Shares structure its crypto exposure products?

21Shares issues exchange-traded products that are 100% physically backed by the underlying cryptoassets. The lineup spans single-asset ETPs for bitcoin, Ethereum and Solana — the latter two with staking yield — diversified index ETPs including a bitcoin-Ethereum blend and a crypto basket index, and an equity ETP tracking Strategy. All products trade on European exchanges through standard brokerage accounts.

### Which cryptoassets does 21Shares currently offer ETPs for?

Single-asset products cover bitcoin, Ethereum and Solana. Diversified index products provide combined bitcoin-Ethereum exposure, a crypto basket of ten assets, and a bitcoin-gold hybrid. An equity ETP tracks Strategy, the US-listed bitcoin treasury company. Product availability varies by jurisdiction.

### Does 21Shares operate as a venture investor or a fund manager?

21Shares functions as an asset manager specializing in exchange-traded crypto products, not as a venture capital investor or private fund manager. The firm does not make direct equity investments in crypto startups or manage closed-end venture funds — it structures, lists and maintains publicly traded ETPs on European exchanges.

### What role does research play at 21Shares?

Research is a distinct function at 21Shares, producing market analysis, institutional adoption reports and monthly flow data. Named contributors include Eliezer Ndinga, Darius Moukhtarzade, Stephen Coltman and Maximiliaan Michielsen. Topics range from DeFi privacy infrastructure to gold's correlation with Chinese liquidity conditions.

### How does 21Shares handle staking yields in its Ethereum and Solana products?

The 21Shares Ethereum Core Staking ETP and 21Shares Solana Core Staking ETP incorporate staking rewards into the product structure. These ETPs are physically backed and pass through staking yield, offering a regulated wrapper for proof-of-stake participation that avoids the operational burden of direct node operation.

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Last updated: 2026-06-03T20:00:00.000Z

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