21Shares Ethereum ETF Is Launched

Tracks Value of Ethereum

The 21Shares Ethereum ETF (CH0454664027) has been launched on the Euronext Paris exchange, providing investors with a way to track the value of Ethereum, the second-largest cryptocurrency by market capitalization.

Physically Backed

The ETNs TER total expense ratio is 100% physically backed by Ether (ETH), ensuring that the value of the ETF always reflects the value of the underlying cryptocurrency.

The ETF is listed in euros and will trade in real-time prices on the Euronext Paris exchange. Investors can buy and sell the ETF through their usual brokers.

The launch of the 21Shares Ethereum ETF is a significant development for the cryptocurrency market, as it provides investors with a regulated and transparent way to access the Ethereum market.

Conclusion

The 21Shares Ethereum ETF is a valuable tool for investors looking to gain exposure to the Ethereum market. The ETF provides investors with a safe and convenient way to invest in Ethereum, without the need to purchase and store the cryptocurrency themselves.