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21Shares' Latest Two Crypto Funds Focus on DeFi


Anna Martynova

21Shares has unveiled two ETPs that give investors a chance to get familiar with the fundamentals of DeFi. The Swiss company listed its ETP Layer 1 (LAY1) on the Swiss exchange SIX on Thursday. 21Shares DeFi 10 Infrastructure ETP (DEFII) is due to become available on the Swiss exchange BX on May 18th.

LAY1 tracks an index developed by index provider Vinter and includes the 15 largest Layer 1 blockchains by market capitalization. DEFII, which also tracks the Vinter index, focuses on DeFi applications and Layer 1 blockchains — each segment represents half of the benchmark. Assets in both categories are ranked by market capitalization and reweighted quarterly.

According to the company, 21Shares is the first issuer in Europe to launch an ETP (exchange-traded product) based on the DeFi index. The products are available to investors across Europe and 21Shares will endeavor to list them on additional regional exchanges.

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