21Shares Launches the 21Shares Hedera ETP
New ETP provides access to a leading distributed ledger technology.
21Shares AG, a prominent provider of cryptocurrency exchange-traded products (ETPs), has unveiled the launch of the 21Shares Hedera ETP (Ticker: HDRA). This remarkable investment vehicle is now accessible on Euronext Amsterdam (USD) and Euronext Paris (EUR), allowing investors an easy and regulated entry into Hedera’s innovative distributed ledger technology (DLT).
Understanding the 21Shares Hedera ETP
The 21Shares Hedera ETP offers 100% physically backed access to HBAR, the native cryptocurrency of the Hedera network. By investing in this product, individuals can gain institutional-grade exposure through their usual banking and brokerage channels, tapping into one of the most sustainable distributed ledger technologies available today.
“With its distinguishing features and strong governance framework, Hedera emerges as one of the most sophisticated distributed ledger options available,” stated Duncan Moir, President of 21Shares and a Board Member at Hedera Hashgraph LLC. “With the introduction of the 21Shares Hedera ETP, we aim to empower both institutional and retail investors to engage in the expanding Hedera ecosystem through a transparent and regulated channel.”
Hedera's Unique Governance Model
Hedera operates as an open-source distributed ledger designed specifically for real-world applications. It boasts a governance system led by a council of up to 39 prominent global institutions, such as Google, IBM, LG, Dell, EDF, and Deutsche Telekom. These entities govern the network under legally binding and clear terms, fostering trust, resilience, and stability—in short, it is a redefinition of decentralization geared towards scalable and mainstream adoption.
According to Gregg Bell, Chief Business Officer at Hedera Foundation, “As an increasing number of institutions look for secure pathways to digital assets, 21Shares is pioneering the way by integrating traditional finance with cryptocurrency in a clear and confident manner.” He added, “This partnership facilitates an uncomplicated access to HBAR for investors and strengthens their connection with a network that has the trust of leading global institutions.”
Performance and Efficiency of Hedera
Unlike typical blockchain technologies, Hedera utilizes the innovative Hashgraph consensus mechanism, which ensures high performance. In optimal conditions, it can process up to 500,000 transactions per second and maintains consistency with fixed transaction fees in USD, while dramatically minimizing energy consumption. Specifically, Hedera’s transactions consume just 0.000003 kWh each—making it 1,000 times more energy-efficient than the average Visa transaction.
If you are looking for where to invest wisely in the ever-evolving digital landscape, consider the 21Shares Hedera ETP as a potential addition to your portfolio. This product not only opens the door to Hedera's robust offerings but also aligns with a sustainable investment ethos, as it aims to deliver long-term value to investors.
Comprehensive Offerings from 21Shares
As a market leader, 21Shares prides itself on being one of the foremost providers of crypto exchange-traded products, offering a comprehensive suite of ETPs. Founded to make cryptocurrency investments accessible, 21Shares has carved a niche in bridging the split between traditional finance and decentralized finance. The company gained recognition for issuing the first physically-backed crypto ETP in 2018, evidencing its commitment to develop innovative investment solutions backed by deep market insights and proprietary technology.
As a proud member of 21.co, a global titan in decentralized finance, 21Shares is dedicated to expanding its offerings while ensuring that investors receive straightforward and economically efficient investment options.
Frequently Asked Questions
What is the 21Shares Hedera ETP?
The 21Shares Hedera ETP is an investment product listed on Euronext, providing 100% physically backed access to HBAR, Hedera's native cryptocurrency.
Why is the 21Shares Hedera ETP significant?
This ETP allows both institutional and retail investors to easily access Hedera's innovative technology in a regulated environment.
Who governs Hedera?
Hedera is governed by a global council consisting of up to 39 esteemed institutions, ensuring its operational integrity and stability.
How efficient is Hedera compared to traditional blockchains?
Hedera's Hashgraph consensus mechanism enables it to perform up to 500,000 transactions per second and is significantly more energy-efficient than typical blockchain transactions.
What is the mission of 21Shares?
21Shares aims to make cryptocurrency investments accessible while connecting traditional finance with decentralized finance through innovative products.
