21Shares Partners with GHCO to Launch UK Bitcoin ETP On Aquis Exchange

21Shares, the Swiss pioneering Crypto ETP issuer, announced that it will partner with GHCO, a leading market-maker and liquidity provider specialising in ETFs, to launch one of the first cryptocurrency exchange traded products (ETPs) on Aquis Exchange for institutional investors in the UK to trade.

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The 21Shares Bitcoin ETP will become available on Aquis Exchange, a pan-European MTF business based in London and Paris which offers trading in some of the biggest and most liquid stocks across 15 European markets. 

The ETP has been designed to provide institutional UK investors with secure and cost-effective exposure to Bitcoin without the associated Bitcoin custody and security challenges. One unit of 21Shares Bitcoin ETP represents exposure to roughly 0.00035 Bitcoin entitlement.

GHCO, an Authorised Participant (AP) for the 21Shares product, will act as the liquidity provider for the Bitcoin ETP, meaning that institutional investors will have access to ample liquidity as easily as the underlying asset. GHCO has been actively trading ETFs and recently started quoting crypto ETPs. It has an unrivalled track record in quoting the tightest spreads, a key demand for institutional investors.

Hany Rashwan, CEO of 21Shares said: "This is the right time to bring our successful crypto ETP to the institutional UK market. Our strong track record and existing institutional reach across continental Europe means that investors can confidently gain exposure to Bitcoin via a liquid and conventional investment product."