21Shares cooperates with a German brokerage company to provide encrypted ETP for savings accounts

Investment product issuer 21Shares has teamed up with Germany’s leading online brokerage company comdirect to introduce its cryptocurrency exchange-traded products or ETP into savings accounts.

The partnership means that nearly 3 million comdirect customers will be able to integrate physically supported encrypted ETP into their Spar savings accounts. 21Shares claims that this is the first example where investors can gain cryptocurrency exposure in their savings account.

Marco Infuso, Managing Director of 21Shares Say The new product will enable comdirect customers to include cryptocurrency in their retirement plans and will also help investors who are worried about getting involved in Bitcoin (Bitcoin) And other cryptocurrencies due to lack of investment options.

“Giving people the power to choose how to allocate investment for retirement makes such a project possible,” he said. “This is very exciting for any investor who has been considering buying Bitcoin but has not provided the appropriate investment tools to successfully store it in a savings plan.

21Shares and other crypto asset companies have been committed to integrating digital assets into the traditional financial sector.Bitcoin ETP has proven to be a Popular choice For investors looking for exposure to alternative cryptocurrencies.

As early as 2019, 21Shares became the first cryptocurrency issuer to list a fully secured Bitcoin ETP on a German exchange. Just last month, the company partnered with asset management company Ark Invest, Apply for a Bitcoin exchange traded fund in the U.S..

related: Investment product issuer 21Shares will list Bitcoin ETP on Aquis Exchange

Todd Rosenbluth said that although the US Securities and Exchange Commission has not approved the Bitcoin ETF, regulators may begin to soften their positions in the next few years. The head of ETF and mutual fund research believes U.S. Bitcoin ETF may be approved in 2023.