21Shares AG

21Shares is a Swiss-based investment management firm specializing in cryptocurrency exchange-traded products (ETPs). Founded in July 2018 by Hany Rashwan and Ophelia Snyder, the company's core mission is to make crypto investing simple, secure, and accessible, bridging traditional finance with the digital asset ecosystem under the motto "crypto, without the chaos." Headquartered in Zurich, Switzerland, 21Shares also maintains offices in New York City and London.

The firm offers the world's largest suite of cryptocurrency ETPs, primarily structured as physically-backed instruments that hold the underlying crypto assets in custody. Its product offerings include single-asset ETPs for major cryptocurrencies like Bitcoin, Ethereum, Solana, XRP, Dogecoin, and Polkadot, as well as diversified index ETPs and staking ETPs. These products are listed on various major European exchanges, including the SIX Swiss Exchange, XETRA, the London Stock Exchange, Euronext, and Nasdaq Dubai, catering to both retail and institutional investors. 21Shares also collaborates on U.S. ETFs, such as the ARK 21Shares Bitcoin ETF.

In late 2025, 21Shares was acquired by FalconX, a leading digital asset prime brokerage, and now operates as its subsidiary. The company has seen significant growth, managing over $11 billion in assets as of late 2025, and holds a substantial share of the European crypto ETP market. Following a corporate restructuring effective January 2025, Russell Barlow was appointed CEO of 21Shares, and Duncan Moir became President, while co-founders Hany Rashwan and Ophelia Snyder transitioned to co-chairs of 21Shares, focusing on 21.co Technologies. Recent developments include the launch of new ETPs for Dogecoin, Solana, and XRP in Europe in April 2026, and the company's CIO, Adrian Fritz, has predicted Bitcoin could reach $100,000 by year-end 2026, driven by institutional inflows into spot Bitcoin ETFs.