Effective from 13th July, 21Shares, the Pioneering issuers of the crypto ETPs (Exchange Traded Products) declared their crypto partnership with Comdirect, the largest German online retail platform. This partnership engaged 21 Shares as the sole supplier of physically-backed crypto ETPs to the dealer’s financial savings plan (Spar)
Hany Rashwan, the CEO of 21Shares commented that “We were the first crypto issuer to list a fully collateralised, 100% physically-backed bitcoin ETP on most German exchanges back in 2019 and today are the only issuer to admit four crypto ETPs on Xetra alone.”
21Shares is offering German clients to add Bitcoin and other crypto assets to their savings plan. Comdirect enabled this option, an option that was not available for any crypto products until now.
Marco Infuso, Managing Director Business Development of the DACH region, added to it by saying, “Empowering people to choose how they allocate their investments for their retirement has led to such a project to materialise. This is very exciting for any investors who have been thinking about purchasing bitcoin but did not offer the proper investment tools to store them successfully in a savings plan.”
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Comdirect provides about 2.9 million customers with products and services to effortlessly carry out their banking and securities trading transactions. This partnership will enable investors to opt to add crypto assets into their savings accounts. Eleven of 21Shares’s ETP offerings currently listed in Germany are available on the comdirect platform at zero commissions.
