Although the collaborative ARK Investments and 21Shares bitcoin spot ETF wasin the US, 21Shares remains the world’s largest provider of crypto ETPs with 30 unique products currently trading across exchanges.
In this episode of The Scoop, recorded at the Bitcoin 2022 conference in Miami, 21Shares and Amun co-founders Hany Rashwan and Ophelia Snyder sat down with host Frank Chaparro to discuss the current landscape of crypto ETPs, and explain why they believe the rise of crypto index tokens and crypto basket ETPs are signs of a maturing industry."'Is bitcoin going to zero this year?' is no longer a continuing ongoing narrative. That changes things.
While 21Shares has the most ETP offerings on the market, other firms are also developing crypto basket products such as Bitwise’sGiven their positions in the market, both Rashwan and Snyder are very aware of the institutional funds flowing into the crypto: something the two have continued to witness despite the market’s drawdown over the last few months.“The thing I find most interesting about flow data is that it is not highly correlated with price.